Company Registration No. 10283075 (England and Wales)
BILLY THE DUCK LTD
Unaudited accounts
for the year ended 31 July 2018
BILLY THE DUCK LTD
Unaudited accounts
Contents
BILLY THE DUCK LTD
Company Information
for the year ended 31 July 2018
Company Number
10283075 (England and Wales)
Registered Office
6 CONNAUGHT DRIVE
HAMPSTEAD GARDEN SUBURB
NW11 6BJ
ENGLAND
Accountants
Accountancy SOS
3 Jakes View
St Albans
Hertfordshire
AL2 2RH
BILLY THE DUCK LTD
Statement of financial position
as at
31 July 2018
Tangible assets
15,144
4,432
Cash at bank and in hand
161,621
153,288
Creditors: amounts falling due within one year
(84,071)
(112,326)
Net current assets
88,256
46,540
Total assets less current liabilities
103,400
50,972
Creditors: amounts falling due after more than one year
(22)
-
Net assets
103,378
50,972
Called up share capital
60,100
100
Profit and loss account
43,278
50,872
Shareholders' funds
103,378
50,972
For the year ending 31 July 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 3 April 2019.
JULIUS DEIN
Director
Company Registration No. 10283075
BILLY THE DUCK LTD
Notes to the Accounts
for the year ended 31 July 2018
BILLY THE DUCK LTD is a private company, limited by shares, registered in England and Wales, registration number 10283075. The registered office is 6 CONNAUGHT DRIVE, HAMPSTEAD GARDEN SUBURB, NW11 6BJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Fixtures, fittings and equipment -20% per annum on the straight line basis
Computer equipment
Computer Equipment -33.33% per annum on the straight line basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2017
4,114
2,020
6,134
Additions
15,797
3,337
19,134
At 31 July 2018
19,911
5,357
25,268
At 1 August 2017
1,029
673
1,702
Charge for the year
6,636
1,786
8,422
At 31 July 2018
7,665
2,459
10,124
At 31 July 2018
12,246
2,898
15,144
At 31 July 2017
3,085
1,347
4,432
BILLY THE DUCK LTD
Notes to the Accounts
for the year ended 31 July 2018
Trade debtors
8,811
4,215
Other debtors
1,895
1,363
6
Creditors: amounts falling due within one year
2018
2017
Trade creditors
40,364
80,000
Taxes and social security
47
11,519
Loans from directors
43,660
20,807
7
Creditors: amounts falling due after more than one year
2018
2017
Taxes and social security
22
-
8
Average number of employees
During the year the average number of employees was 0 (2017: 0).