BGL Communications Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07331006 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2018

for

BGL Communications Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L Farren

REGISTERED OFFICE:

10A-12A High Street

East Grinstead

West Sussex

RH19 3AW

REGISTERED NUMBER:

07331006 (England and Wales)

ACCOUNTANTS:

Alexandra Durrant Chartered Accountants

10A-12A High Street

East Grinstead

West Sussex

RH19 3AW

FIXED ASSETS

Tangible assets

4

721

1,367

CURRENT ASSETS

Debtors

5

26,824

19,491

Cash at bank

1,123

1,651

27,947

21,142

CREDITORS

Amounts falling due within one year

6

28,790

22,494

NET CURRENT LIABILITIES

(843

)

(1,352

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(122

)

15

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(124

)

13

SHAREHOLDERS' FUNDS

(122

)

15

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 23 April 2019 and were signed by:

L Farren - Director

1.	STATUTORY INFORMATION

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

Turnover

Turnover represents net invoiced sales of graphic design and related services, excluding value added

tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 August 2017

and 31 July 2018

325

3,113

3,438

DEPRECIATION

At 1 August 2017

9

2,062

2,071

Charge for year

108

538

646

At 31 July 2018

117

2,600

2,717

NET BOOK VALUE

At 31 July 2018

208

513

721

At 31 July 2017

316

1,051

1,367

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

1,274

2,016

Other debtors

400

400

Directors' current accounts

15,613

11,719

Tax

5,520

4,254

Accrued income

2,893

700

Prepayments

1,124

402

26,824

19,491

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

1,591

165

Tax

10,647

7,713

Social security and other taxes

(458

)

(34

)

VAT

12,888

11,664

Other creditors

3,085

1,933

Accruals and deferred income

1,037

1,053

28,790

22,494

7.	OTHER FINANCIAL COMMITMENTS

The company has future lease commitments totalling £3,591 (2017: £7,183) and falling due between

2018 and 2019, relating to the company's motor vehicle.

The company has future commitments totalling £4,400 (2017: £4,400) and falling due in 2018,

relating to the lease of the company's office premises.

The company has entered into a service agreement totalling £2,160 (2017: £2,700) and falling due

between 2018 and 2022.

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2018 and

31 July 2017:

2018

2017

£

£

L Farren

Balance outstanding at start of year

11,719

6,320

Amounts advanced

21,417

15,193

Amounts repaid

(17,523

)

(9,794

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15,613

11,719