Business & Immigration Consultants Limited 31/10/2019 iXBRL
Business & Immigration Consultants Limited 31/10/2019 iXBRL
Company registration number:
05607773
Contents
Directors and other information
Abridged statement of financial position
Notes to the financial statements
Directors and other information
Director |
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Secretary |
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Company number |
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Registered office |
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Accountants |
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1 Kings Avenue | ||
Winchmore Hill | ||
London | ||
N21 3NA | ||
Abridged statement of financial position
31 October 2019
2019 | 2018 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Debtors | - |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year |
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_______ | _______ | ||||||||
Net current assets |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholder funds |
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_______ | _______ | ||||||||
Director's responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
22 September 2020
, and are signed on behalf of the board by:
Director
Company registration number:
05607773
Notes to the financial statements
Year ended 31 October 2019
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 1 Kings Avenue, Winchmore Hill, London, N21 3NA.
The principal activity of the company is that of consultancy.
2.
Statement of compliance
The financial statements have been prepared under the historical cost convention.
3.
Accounting policies
Basis of preparation
The financial statements are prepared in sterling, which is the presentation and functional currency of the entity.
The following accounting policies have been applied consistently throughout the year.
Judgements and key sources of estimation uncertainty
The company makes certain estimates and assumptions regarding the future. Estimates and judgements are continually evaluated based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the future, actual experience may differ from these estimates and assumptions. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period are discussed below.
- Useful lives of depreciable assets Management reviews the useful lives of depreciable assets at each reporting date to ensure that the useful lives represent a reasonable estimate of likely
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
Tangible assets
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:
Fittings fixtures and equipment | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2018:
1
).
5.
Tangible assets
£ | ||
Cost | ||
At 1 November 2018 and 31 October 2019 |
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Depreciation | ||
At 1 November 2018 |
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Charge for the year |
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At 31 October 2019 |
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Carrying amount | ||
At 31 October 2019 |
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At 31 October 2018 |
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6.
Related party transactions
As at the year end the company owed the director Mr G Georghiou £7,254 (2018 - £1,051). During the year the director introduced £23,555 (2018 - £26,236) and withdrew £24,606 (2018 - £27,425). No interest is charged on the director's loan account balances.
7.
Controlling party
The ultimate controlling party is the director,
Mr George Georghiou
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