Highwood BIC Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06403810 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2019

for

HIGHWOOD BIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S G Chapman

REGISTERED OFFICE:

19 Stuart Road

Highcliffe

Christchurch

Dorset

BH23 5JS

REGISTERED NUMBER:

06403810 (England and Wales)

ACCOUNTANTS:

EST Accountants Ltd

Henstaff Court

Llantrisant Road

Groesfaen

Cardiff

CF72 8NG

FIXED ASSETS

Tangible assets

4

78,892

80,209

Investments

5

600

600

79,492

80,809

CURRENT ASSETS

Debtors

6

246,158

254,398

Cash at bank

29,097

58,832

275,255

313,230

CREDITORS

Amounts falling due within one year

7

28,494

35,302

NET CURRENT ASSETS

246,761

277,928

TOTAL ASSETS LESS CURRENT LIABILITIES

326,253

358,737

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

326,251

358,735

326,253

358,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 and authorised for issue on 19 May 2020 and were signed by:

Mr S G Chapman - Director

1.	STATUTORY INFORMATION

Highwood BIC 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.

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to

the nearest pound.

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.

These financial statements for the year ended 30 September 2017 are the first financial statements that comply

with Financial Reporting Standard 102 1A. The date of transition is 1 October 2015.

The transition to Financial Reporting Standard 102 1A has resulted in no changes to existing accounting policies

which can be seen in the following notes.

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 etc

-

33% on cost and 10% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Financial instruments

Basic financial instruments are recognised at amortised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2018

71,037

31,264

102,301

Additions

-

2,321

2,321

At 30 September 2019

71,037

33,585

104,622

DEPRECIATION

At 1 October 2018

-

22,092

22,092

Charge for year

-

3,638

3,638

At 30 September 2019

-

25,730

25,730

NET BOOK VALUE

At 30 September 2019

71,037

7,855

78,892

At 30 September 2018

71,037

9,172

80,209

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 October 2018

and 30 September 2019

600

NET BOOK VALUE

At 30 September 2019

600

At 30 September 2018

600

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Trade debtors

6,000

-

Amounts owed by group undertakings

238,808

236,808

Other debtors

1,350

17,590

246,158

254,398

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Amounts owed to group undertakings

24,000

30,000

Taxation and social security

2,648

3,752

Other creditors

1,846

1,550

28,494

35,302