Bateman Collins International Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07925427 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2022

FOR

BATEMAN COLLINS INTERNATIONAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B J B Collins

Mrs Z O Collins

REGISTERED OFFICE:

Fleming Court

Leigh Road

Eastleigh

Hampshire

SO50 9PD

REGISTERED NUMBER:

07925427 (England and Wales)

FIXED ASSETS

Tangible assets

5

3,399

3,051

CURRENT ASSETS

Debtors

6

648,944

383,460

Cash at bank

148,342

204,344

797,286

587,804

CREDITORS

Amounts falling due within one year

7

265,398

245,413

NET CURRENT ASSETS

531,888

342,391

TOTAL ASSETS LESS CURRENT LIABILITIES

535,287

345,442

CREDITORS

Amounts falling due after more than one year

8

(42,099

)

-

PROVISIONS FOR LIABILITIES

(663

)

(580

)

NET ASSETS

492,525

344,862

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

492,425

344,762

SHAREHOLDERS' FUNDS

492,525

344,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2022 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 28th March 2022 and were signed on its behalf by:

Mr B J B Collins - Director

1.	STATUTORY INFORMATION

Bateman Collins International 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 presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% straight line

All fixed assets are initially recorded 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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company contributes to a defined contribution pension scheme. Contributions payable to the pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 4 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st February 2021

1,603

6,179

7,782

Additions

144

1,243

1,387

At 31st January 2022

1,747

7,422

9,169

DEPRECIATION

At 1st February 2021

1,288

3,443

4,731

Charge for year

103

936

1,039

At 31st January 2022

1,391

4,379

5,770

NET BOOK VALUE

At 31st January 2022

356

3,043

3,399

At 31st January 2021

315

2,736

3,051

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.22

31.1.21

£

£

Trade debtors

175,420

47,712

Amounts owed by group undertakings

378,892

-

Other debtors

94,632

335,748

648,944

383,460

Included in other debtors is £80,363 (2021: £256) in relation to prepayments and accrued income.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.22

31.1.21

£

£

Bank loans and overdrafts

7,901

-

Trade creditors

3,139

40,927

Taxation and social security

91,028

46,770

Other creditors

163,330

157,716

265,398

245,413

Included in other creditors is £36,705 (2021: £14,085) in relation to accruals and deferred income.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.22

31.1.21

£

£

Bank loans

42,099

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.22

31.1.21

£

£

Bank loans

50,000

-

The balance included in bank loans relates to a loan under the Coronavirus Bounce Back Loan Scheme which has a government-backed guarantee against the outstanding facility balance.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.22

31.1.21

value:

£

£

1,000

Ordinary

£0.10

100

100