BN Insulation Services Ltd - Accounts to registrar (filleted) - small 18.2

BN Insulation Services Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 10460333(England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2018

for

BN Insulation Services Ltd

BN Insulation Services Ltd (Registered number: 10460333)






Contents of the Financial Statements
for the Year Ended 30 November 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BN Insulation Services Ltd

Company Information
for the Year Ended 30 November 2018







DIRECTOR: Mr B Negru





REGISTERED OFFICE: 69 Ruislip Road
Greenford
Middlesex
UB6 9QD





REGISTERED NUMBER: 10460333(England and Wales)





ACCOUNTANTS: E Johnson & Associates
Chartered Certified Accountants
637 Green Lanes
London
N8 0RE

BN Insulation Services Ltd (Registered number: 10460333)

Balance Sheet
30 November 2018

30.11.18 30.11.17
Notes £    £   
CURRENT ASSETS
Debtors 4 19,719 48,745
Cash at bank 115,661 58,704
135,380 107,449
CREDITORS
Amounts falling due within one year 5 89,898 79,080
NET CURRENT ASSETS 45,482 28,369
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,482

28,369

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 45,382 28,269
SHAREHOLDERS' FUNDS 45,482 28,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 2 April 2019and were signed by:





Mr B Negru- Director


BN Insulation Services Ltd (Registered number: 10460333)

Notes to the Financial Statements
for the Year Ended 30 November 2018

1. STATUTORY INFORMATION

BN Insulation Services Ltd is a private company, limited by shares, registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2(2017 - 2) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.18 30.11.17
£    £   
Trade debtors 12,837 32,290
Other debtors 2,500 -
Tax recoverable 4,382 16,455
19,719 48,745

BN Insulation Services Ltd (Registered number: 10460333)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2018

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.18 30.11.17
£    £   
Trade creditors 1 10,291
Corporation tax 12,525 15,448
Wages control account 2,402 750
VAT 24,448 19,075
Other creditors - 4,864
Directors' current accounts 49,825 28,172
Accrued expenses 697 480
89,898 79,080

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.11.18 30.11.17
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 December 2017 28,269
Profit for the year 53,113
Dividends (36,000 )
At 30 November 2018 45,382

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £36,000 (2017 - £36,000) were paid to the director .

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr B Negru.

By virtue of being the sole director of the company and controls 100% of the ordinary share capital of the
company.