Company Registration No. 10913606 (England and Wales)
B Compliant Ltd
Unaudited accounts
for the year ended 31 March 2021
B Compliant Ltd
Unaudited accounts
Contents
B Compliant Ltd
Company Information
for the year ended 31 March 2021
Directors
Victoria Pearce
Jeremy Smith
Company Number
10913606 (England and Wales)
Registered Office
6A FRAMINGHAM ROAD
SALE
M33 3SH
ENGLAND
B Compliant Ltd
Statement of financial position
as at 31 March 2021
Tangible assets
2,699
3,214
Cash at bank and in hand
81,555
22,547
Creditors: amounts falling due within one year
(56,466)
(47,769)
Net current assets/(liabilities)
45,439
(1,999)
Total assets less current liabilities
48,138
1,215
Creditors: amounts falling due after more than one year
(42,131)
-
Called up share capital
100
100
Profit and loss account
5,907
1,115
Shareholders' funds
6,007
1,215
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2021 and were signed on its behalf by
Victoria Pearce
Director
Company Registration No. 10913606
B Compliant Ltd
Notes to the Accounts
for the year ended 31 March 2021
B Compliant Ltd is a private company, limited by shares, registered in England and Wales, registration number 10913606. The registered office is 6A FRAMINGHAM ROAD, SALE, M33 3SH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2021 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2019.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
3 years
Computer equipment
2 years
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
B Compliant Ltd
Notes to the Accounts
for the year ended 31 March 2021
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2020
2,820
5,124
7,944
At 31 March 2021
3,083
6,234
9,317
At 1 April 2020
831
3,899
4,730
Charge for the year
779
1,109
1,888
At 31 March 2021
1,610
5,008
6,618
At 31 March 2021
1,473
1,226
2,699
At 31 March 2020
1,989
1,225
3,214
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
11,110
16,158
Accrued income and prepayments
6,765
4,590
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
869
18,663
Trade creditors
10,674
2,052
Taxes and social security
14,104
12,769
Loans from directors
9,598
1,620
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 3 (2020: 4).
