BLEEDING_EDGE_SOLUTIONS_L - Accounts

BLEEDING EDGE SOLUTIONS LIMITED - Company Information

Print Friendly Version

Company Registration No. 03178817 (England and Wales)

BLEEDING EDGE SOLUTIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

BLEEDING EDGE SOLUTIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BLEEDING EDGE SOLUTIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

16,833

8,417

Current assets

Debtors

9,250

171

Cash at bank and in hand

41,589

31,006

50,839

31,177

Creditors: amounts falling due within one year

(53,063)

(15,725)

Net current liabilities/(assets)

(2,224)

15,452

Total assets less current liabilities

14,609

23,869

Capital and reserves

Called up share capital

100

Profit and loss account

14,509

23,769

Shareholders' funds

14,609

23,869

For the financial year ended 31 March 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 7 December 2016

C Schneider-Mahfouz

Director

Company Registration No. 03178817

BLEEDING EDGE SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

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 comprises the invoiced value of services supplied by the company, net of value added tax.

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:

Computer equipment

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 April 2015

75,809

Additions

14,028

At 31 March 2016

89,837

Depreciation

At 1 April 2015

67,392

Charge for the year

5,612

At 31 March 2016

73,004

Net book value

At 31 March 2016

16,833

At 31 March 2015

8,417

BLEEDING EDGE SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100