Business Services Group Limited - Limited company - abbreviated

REGISTERED NUMBER: 05637350 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Business Services Group Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

124,380

78,730

Investments

3

60

124,440

78,790

CURRENT ASSETS

Debtors

460,195

454,620

Prepayments and accrued income

144,402

109,491

Cash at bank and in hand

194,273

77

798,870

564,188

CREDITORS

Amounts falling due within one year

4

723,375

558,585

NET CURRENT ASSETS

75,495

5,603

TOTAL ASSETS LESS CURRENT
LIABILITIES

199,935

84,393

CREDITORS

Amounts falling due after more than
one year

4

42,675

1,897

NET ASSETS

157,260

82,496

CAPITAL AND RESERVES

Called up share capital

5

2

Profit and loss account

157,258

82,494

SHAREHOLDERS' FUNDS

157,260

82,496

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 13 August 2015 and were signed on
its behalf by:

S Stevens - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Preparation of consolidated financial statements

The financial statements contain information about Business Services Group Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The

company has taken the option under Section 398 of the Companies Act 2006 not to prepare

consolidated financial statements.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Turnover is recognised when the service is provided to the customer.

The total turnover of the company for the year had been derived from its principal activity wholly

undertaken in the UK.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% straight line

Fixtures, fittings and
equipment

-

25% straight line

Motor vehicles

-

25% straight line

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets

and depreciated over the shorter of the lease term and their useful lives. Obligations under such

agreements are included in creditors net of the finance charge allocated to future periods. The

finance element of the rental payment is charged tot he profit and loss account so as to produce

constant periodic rates of charge on net obligations outstanding in each period.

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 the profit and loss account in the period to which they

relate.

Invoice discounting

The company operates an invoice discounting facility with RBS Invoice Finance Limited. Under the

terms of the agreement, and in accordance with FRSSE, the company had adopted the treatment of

separate presentation as this best reflects the terms of the agreement.

Investments

Fixed asset investments are stated at cost less provision for permanent diminution in value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

168,623

Additions

95,150

Disposals

(13,320

)

At 31 December 2014

250,453

DEPRECIATION

At 1 January 2014

89,893

Charge for year

45,855

Eliminated on disposal

(9,675

)

At 31 December 2014

126,073

NET BOOK VALUE

At 31 December 2014

124,380

At 31 December 2013

78,730

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

and 31 December 2014

60

NET BOOK VALUE

At 31 December 2014

60

At 31 December 2013

60

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Brandair Limited

Nature of business: Branding and signage

%

Class of shares:

holding

Ordinary

60.00

31/12/14

31/12/13

£

Aggregate capital and reserves

278

(37,130

)

Profit/(loss) for the year

37,408

(37,230

)

4.

CREDITORS

Creditors include an amount of £ 93,202 (2013 - £ 72,111 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

2

ordinary

£1

2

6.	TRANSACTIONS WITH DIRECTOR

Payments received on account shown in creditors are secured by a personal guarantee of £30,000

by the director.

Business Services Group Limited - Limited company - abbreviated - 11.6

Business Services Group Limited - Limited company - abbreviated - 11.6