1 Berkeley Road Limited Filleted accounts for Companies House (small and micro)

1 Berkeley Road Limited Filleted accounts for Companies House (small and micro)


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COMPANY REGISTRATION NUMBER: 06619078
1 BERKELEY ROAD LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 October 2018
1 BERKELEY ROAD LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2018
Contents
Page
Balance sheet
1
Notes to the financial statements
2
1 BERKELEY ROAD LIMITED
BALANCE SHEET
31 October 2018
2018
2017
Note
£
£
Current assets
Debtors
4
887
Cash at bank and in hand
2,990
3,191
-------
-------
2,990
4,078
Creditors: amounts falling due within one year
5
3,675
4,593
-------
-------
Net current liabilities
685
515
----
----
Total assets less current liabilities
( 685)
( 515)
----
----
Net liabilities
( 685)
( 515)
----
----
Capital and reserves
Called up share capital
5
5
Profit and loss account
( 690)
( 520)
----
----
Shareholders deficit
( 685)
( 515)
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 October 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 April 2019 , and are signed on behalf of the board by:
M E Comber
Director
Company registration number: 06619078
1 BERKELEY ROAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2018
1. General information
The company is a private company limited by shares, incorporated and registered in England and Wales. The address of the registered office is 5 Fairfield Park, Broadstairs, Kent, CT10 2JT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value in accordance with FRS 102.The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense recognised in profit or loss represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4. Debtors
2018
2017
£
£
Trade debtors
884
Other debtors
3
----
----
887
----
----
5. Creditors: amounts falling due within one year
2018
2017
£
£
Trade creditors
948
Other creditors
3,675
3,645
-------
-------
3,675
4,593
-------
-------