B&A Group Canon Street Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10299695 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

B&A Group Canon Street Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Dr S S Riahi

REGISTERED OFFICE:

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

REGISTERED NUMBER:

10299695 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Tangible assets

4

518,027

-

CURRENT ASSETS

Debtors

5

5,169,118

2,647,198

Cash at bank and in hand

21,802

4,521

5,190,920

2,651,719

CREDITORS

Amounts falling due within one year

6

392,288

98,711

NET CURRENT ASSETS

4,798,632

2,553,008

TOTAL ASSETS LESS CURRENT LIABILITIES

5,316,659

2,553,008

PROVISIONS FOR LIABILITIES

34,634

-

NET ASSETS

5,282,025

2,553,008

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

5,281,925

2,552,908

SHAREHOLDERS' FUNDS

5,282,025

2,553,008

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 applicable to companies subject to the small companies regime.

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 23 December 2019 and were signed by:

Dr S S Riahi - Director

1.	STATUTORY INFORMATION

B&A Group Canon Street Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

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 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

Additions

525,380

84,063

609,443

At 31 March 2019

525,380

84,063

609,443

DEPRECIATION

Charge for year

78,807

12,609

91,416

At 31 March 2019

78,807

12,609

91,416

NET BOOK VALUE

At 31 March 2019

446,573

71,454

518,027

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

243,626

116,703

Amounts owed by group undertakings

4,925,492

2,522,995

Other debtors

-

7,500

5,169,118

2,647,198

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

1,497

-

Trade creditors

(21,690

)

98,711

Amounts owed to group undertakings

280,170

-

Other creditors

132,311

-

392,288

98,711

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 April 2018

2,552,908

Profit for the year

2,729,017

At 31 March 2019

5,281,925

9.	RELATED PARTY DISCLOSURES

The Director Dr S S Riahi is considered to be the key management personnel.