Baulf International Limited Company accounts

Baulf International Limited Company accounts


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COMPANY REGISTRATION NUMBER: 07584223
Baulf International Limited
Unaudited Financial Statements
31 March 2019
Baulf International Limited
Financial Statements
Year ended 31 March 2019
Contents
Page
Officers and professional advisers
1
Directors' report
2
Report to the board of directors on the preparation of the unaudited statutory financial statements
3
Statement of income and retained earnings
4
Statement of financial position
5
Notes to the financial statements
6
Baulf International Limited
Officers and Professional Advisers
The board of directors
A J Baulf
Mrs M E Baulf
Mrs N D Baulf
Registered office
17-19 Station Road West
Oxted
Surrey
RH8 9EE
Accountants
Baulf-James
Chartered accountants
17-19 Station Road West
Oxted
Surrey
RH8 9EE
Baulf International Limited
Directors' Report
Year ended 31 March 2019
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2019 .
Principal activities
The principal activity of the company during the year was consultancy.
Directors
The directors who served the company during the year were as follows:
A J Baulf
Mrs M E Baulf
Mrs N D Baulf
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 16 August 2019 and signed on behalf of the board by:
Mrs M E Baulf
Director
Baulf International Limited
Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Baulf International Limited
Year ended 31 March 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Baulf International Limited for the year ended 31 March 2019, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the Board of Directors of Baulf International Limited, as a body, in accordance with the terms of our engagement letter dated 12 December 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Baulf International Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Baulf International Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Baulf International Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Baulf International Limited. You consider that Baulf International Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Baulf International Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Baulf-James Chartered accountants
17-19 Station Road West Oxted Surrey RH8 9EE
16 August 2019
Baulf International Limited
Statement of Income and Retained Earnings
Year ended 31 March 2019
2019
2018
Note
£
£
Turnover
132,625
1,245
---------
-------
Gross profit
132,625
1,245
Administrative expenses
70,066
6,329
---------
-------
Operating profit/(loss)
62,559
( 5,084)
---------
-------
Profit/(loss) before taxation
5
62,559
( 5,084)
Tax on profit/(loss)
11,184
( 62)
--------
-------
Profit/(loss) for the financial year and total comprehensive income
51,375
( 5,022)
--------
-------
Dividends paid and payable
( 46,000)
Retained (losses)/earnings at the start of the year
( 4,069)
953
--------
-------
Retained earnings/(losses) at the end of the year
1,306
( 4,069)
--------
-------
All the activities of the company are from continuing operations.
Baulf International Limited
Statement of Financial Position
31 March 2019
2019
2018
Note
£
£
Fixed assets
Tangible assets
6
1,765
719
Current assets
Debtors
7
3,614
89
Cash at bank and in hand
12,409
961
--------
-------
16,023
1,050
Creditors: amounts falling due within one year
8
16,162
5,518
--------
-------
Net current liabilities
139
4,468
-------
-------
Total assets less current liabilities
1,626
( 3,749)
-------
-------
Net assets/(liabilities)
1,626
( 3,749)
-------
-------
Capital and reserves
Called up share capital
320
320
Profit and loss account
1,306
( 4,069)
-------
-------
Shareholders funds/(deficit)
1,626
( 3,749)
-------
-------
These financial statements have been prepared 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'.
For the year ending 31 March 2019 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 16 August 2019 , and are signed on behalf of the board by:
A J Baulf
Director
Company registration number: 07584223
Baulf International Limited
Notes to the Financial Statements
Year ended 31 March 2019
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 17-19 Station Road West, Oxted, Surrey, RH8 9EE.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Corporation tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
25% straight line
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2018: 3 ).
5. Profit before taxation
Profit before taxation is stated after charging:
2019
2018
£
£
Depreciation of tangible assets
539
539
----
----
6. Tangible assets
Equipment
Unlisted Investments
Total
£
£
£
Cost
At 1 April 2018
2,156
180
2,336
Additions
1,585
1,585
-------
-------
-------
At 31 March 2019
2,156
1,765
3,921
-------
-------
-------
Depreciation
At 1 April 2018
1,617
1,617
Charge for the year
539
539
-------
-------
-------
At 31 March 2019
2,156
2,156
-------
-------
-------
Carrying amount
At 31 March 2019
1,765
1,765
-------
-------
-------
At 31 March 2018
539
180
719
-------
-------
-------
7. Debtors
2019
2018
£
£
Other debtors
3,614
89
-------
----
8. Creditors: amounts falling due within one year
2019
2018
£
£
Corporation tax
11,122
Other creditors
4,622
Other creditors
418
5,518
--------
-------
16,162
5,518
--------
-------
9. Related party transactions
The company was not under the control of any single shareholder throughout the current or previous year.