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Private Limited Company
NI624080
2016-04-30
NI624080
2015-05-01
2016-04-30
NI624080
2015-04-30
NI624080
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2015-04-30
NI624080
uk-bus:Director1
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uk-gaap:ComputerEquipment
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iso4217:GBP
| Business 1st Network Limited |
For the year ended 30 April 2016
Unaudited Abbreviated Report and Financial Statements
Northern Ireland
Registered Number: NI624080
2
Business 1st Network Limited
For the year ended 30 April 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
| Abbreviated Balance Sheet |
Business 1st Network Limited
2016
2015
2
-
6,536
-
6,536
16,485
150,205
-
7,561
150,205
24,046
| Creditors: amounts falling due within one year |
(90,515)
(150,845)
(66,469)
(640)
Net current liabilities
| Total assets less current liabilities |
(640)
(59,933)
-
(1,307)
| Provisions for liabilities |
(640)
Net liabilities
(61,240)
2
3
2
(642)
(61,242)
(640)
(61,240)
Shareholders funds
| For the year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) 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 in accordance with the provisions applicable to companies subject to the small companies' regime. |
| Date approved by the board: 13 April 2017 |
| Signed on behalf of the board of directors |
1 of 3
4
| Notes to the Abbreviated Financial Statements |
Business 1st Network Limited
For the year ended 30 April 2016
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities. |
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted. |
| Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Equipment
2 of 3
5
| Notes to the Abbreviated Financial Statements |
Business 1st Network Limited
For the year ended 30 April 2016
7,130
723
(7,853)
-
594
(594)
-
-
6,536
| Allotted called up and fully paid |
2016
2015
| 2 Ordinary shares of £1.00 each |
2
2
2
2
3 of 3
