Badger Path Limited - Accounts

Badger Path Limited - Accounts

BADGER PATH LIMITED - Company Information

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Registered Number: 08005204
England and Wales

 

 

 

BADGER PATH LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

Badger Path Limited
Contents Page
For the year ended 31 March 2020
The director presents his report and unaudited accounts for the year ended 31 March 2020.
Principal activities
The principal activity of the company during the financial year continues to be the provision of consultancy services.
Director
The director who served the company throughout the year was as follows:
C. Shorter
Audit exemption
Badger Path Limited has taken advantage of the exemption under Section 477 of the Companies Act 2006 and these financial statements are therefore unaudited.
Statement of director's responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company regime
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime with Part 15 of the Companies Act 2006.

On behalf of the board.


----------------------------------
C. Shorter
Director

Date approved: 09 November 2020
1
 
 		 Notes
 		 2020
£		   2019
£
Current assets      
Debtors: amounts falling due within one year 2 1,323    5,926 
Cash at bank and in hand 179,080    226,444 
180,403    232,370 
Creditors: amount falling due within one year 3 (8,217)   (16,040)
Net current assets 172,186    216,330 
 
Total assets less current liabilities 172,186    216,330 
Net assets 172,186    216,330 
 

Capital and reserves 		     
Called up share capital 4 1    1 
Profit and loss account 172,185    216,329 
Shareholders funds 172,186    216,330 
 


For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 09 November 2020 and were signed by:


--------------------------------
C. Shorter
Director
2
General Information
Badger Path Limited is a private company, limited by shares, domiciled in England and Wales, registration number 08005204,registration address Gate House, Bexton Lane, KNUTSFORD, WA16 9BP.  The principal activity of the company during the financial year continues to be the provision of consultancy services.

The presentation currency is £ sterling which is the company's functional policy.
1.

Accounting policies

Significant accounting policies
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (FRS 102) and the Companies Act 2006.
Statement of cash flows
The company has taken advantage of the exemption in FRS 102 Section 1A from the requirement to produce a cashflow statement because it is a small company.


Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered by the company, net of Value Added Tax and trade discounts.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
2.

Debtors: amounts falling due within one year

2020
£		   2019
£
Trade Debtors -    5,691 
Corporation Tax 959    - 
PAYE & Social Security 235    235 
VAT 129    - 
1,323    5,926 

3.

Creditors: amount falling due within one year

2020
£		   2019
£
Corporation Tax -    9,799 
Accrued Expenses 600    600 
Directors' Current Accounts 7,617    4,928 
VAT -    713 
8,217    16,040 

4.

Share Capital

Authorised
1 Ordinary share of £1.00 each
Allotted, called up and fully paid
2020
£		   2019
£
1 Ordinary share of £1.00 each 1    1 
1    1 

5.

Average Number of Employees


The average monthly number of employees, including directors, during the year was 1 (2019 : 1)
3