Business Data Group Limited - Accounts to registrar (filleted) - small 18.2
Business Data Group Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2019 |
| for |
| Business Data Group Limited |
| Business Data Group Limited (Registered number: 06425086) |
| Contents of the Financial Statements |
| for the year ended 31 December 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 | to | 5 |
| Business Data Group Limited |
| Company Information |
| for the year ended 31 December 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Pacioli House |
| 9 Brookfield |
| Duncan Close |
| Northampton |
| Northamptonshire |
| NN3 6WL |
| Business Data Group Limited (Registered number: 06425086) |
| Balance Sheet |
| 31 December 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on behalf by: |
| Business Data Group Limited (Registered number: 06425086) |
| Notes to the Financial Statements |
| for the year ended 31 December 2019 |
| 1. | STATUTORY INFORMATION |
| Business Data Group Limited is a |
| 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 applicable United Kingdom |
| accounting standards, including Financial Reporting Standard 102 section 1A - "The Financial |
| Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102 section 1A") and with the |
| Companies Act 2006. The financial statements have been prepared on the historical cost basis. |
| The financial statements are presented in Sterling (£) and cover the period to 31st December each |
| year. |
| 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 |
| Fixtures and fittings | - |
| Office equipment | - |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
| period of the lease. |
| 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. |
| Business Data Group Limited (Registered number: 06425086) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Trade and other debtors |
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost |
| using the effective interest rate method, less impairment losses for bad and doubtful debts except |
| where the effect of discounting would be immaterial. In such cases, the receivables are stated at |
| undiscounted cost less impairment losses for bad and doubtful debts. |
| Trade and other creditors |
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost |
| using the effective interest rate method unless the effect of discounting would be immaterial, in which |
| case they are stated at undiscounted cost. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Office |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2019 |
| Additions |
| At 31 December 2019 |
| DEPRECIATION |
| At 1 January 2019 |
| Charge for year |
| At 31 December 2019 |
| NET BOOK VALUE |
| At 31 December 2019 |
| At 31 December 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| Business Data Group Limited (Registered number: 06425086) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2019 |
| 7. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2019 | 2018 |
| £ | £ |
| Within one year |
| Between one and five years |
| 8. | FINANCIAL RISK MANAGEMENT |
| The company does not have significant exposure to liquidity, cash flow and interest rate risks due to |
| the nature of its trade. Exposure to foreign currency, credit and market risks arise in the normal course |
| of the company's business. These risks are limited by the company's financial management policies |
| and practices described below. |
| Foreign currency risk |
| The company is exposed to foreign currency risk as some of its transactions are invoiced in currencies |
| other than Sterling, although the company mitigates this by transacting where possible in Sterling or |
| using the spot rate available on foreign currencies. |
| Credit risk |
| The company has exposure to credit risks predominately emanating from its customers. The |
| company's exposure and it's customers credit worthiness is monitored so that any potential problems |
| are detected at an early stage. The make-up of the entities clients means that credit risk is |
| automatically reduced to an acceptable level. |
| Market risk |
| There is a market risk associated with the fluctuation in demand for the services provided by the |
| company. Most of this is mitigated by monitoring the markets to ensure that overheads and costs are |
| tailored to the demand for the services offered. |
| The company holds no derivative financial instruments at the year end. |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary | £0.01 | 144 | 144 |