Company Registration No. 04377201 (England and Wales)
BUSINESS FINANCE SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
BUSINESS FINANCE SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
BUSINESS FINANCE SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2016
28 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
983
77
Current assets
Debtors
7,666
638
Cash at bank and in hand
15,873
7,434
23,539
8,072
Creditors: amounts falling due within one year
(20,600)
(7,921)
Net current assets
2,939
151
Total assets less current liabilities
3,922
228
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
3,921
227
Shareholders' funds
3,922
228
For the financial year ended 28 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 21 November 2016
Mr P K Douglas
Director
Company Registration No. 04377201
BUSINESS FINANCE SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 March 2015
1,166
Additions
1,152
At 28 February 2016
2,318
Depreciation
At 1 March 2015
1,089
Charge for the year
246
At 28 February 2016
1,335
Net book value
At 28 February 2016
983
At 28 February 2015
77
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of 1p each
1
1
2016-02-282015-03-01falsetruetruetruetruetruetmp4215.html2016-11-22043772012015-03-012016-02-28043772012016-02-28043772012015-02-28043772012015-02-2804377201uk-bus:Director12015-03-012016-02-2804377201uk-gaap:FixturesFittingsToolsEquipment2015-03-012016-02-2804377201uk-bus:OrdinaryShareClass12015-03-012016-02-2804377201uk-bus:OrdinaryShareClass12016-02-2804377201uk-bus:OrdinaryShareClass12015-02-28xbrli:purexbrli:sharesiso4217:GBP
