Blackstar Wealth Management A Ltd - Accounts to registrar - small 17.1.1
Blackstar Wealth Management A Ltd - Accounts to registrar - small 17.1.1
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 April 2017 |
for |
Blackstar Wealth Management A Ltd |
Blackstar Wealth Management A Ltd (Registered number: 06890397) |
Contents of the Financial Statements |
for the Year Ended 30 April 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Blackstar Wealth Management A Ltd |
Company Information |
for the Year Ended 30 April 2017 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Curo House |
Greenbox |
Westonhall Road |
Bromsgrove |
Worcestershire |
B60 4AL |
Blackstar Wealth Management A Ltd (Registered number: 06890397) |
Balance Sheet |
30 April 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET (LIABILITIES)/ASSETS | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The director acknowledges his 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. |
Blackstar Wealth Management A Ltd (Registered number: 06890397) |
Balance Sheet - continued |
30 April 2017 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
Blackstar Wealth Management A Ltd (Registered number: 06890397) |
Notes to the Financial Statements |
for the Year Ended 30 April 2017 |
1. | STATUTORY INFORMATION |
Blackstar Wealth Management A Ltd is a |
The company's registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
Tangible fixed assets |
Computer equipment | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or |
substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Going concern |
The financial statements have been prepared on a going concern basis on the grounds that the director believes |
that there is sufficient funding in place to support the business for the next twelve months from the date of the |
approval of the financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Blackstar Wealth Management A Ltd (Registered number: 06890397) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2017 |
4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 May 2016 |
and 30 April 2017 |
DEPRECIATION |
At 1 May 2016 |
Charge for year |
At 30 April 2017 |
NET BOOK VALUE |
At 30 April 2017 |
At 30 April 2016 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 May 2016 |
Disposals | ( |
) |
At 30 April 2017 |
NET BOOK VALUE |
At 30 April 2017 |
At 30 April 2016 |
6. | DEBTORS |
2017 | 2016 |
£ | £ |
Amounts falling due within one year: |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
Blackstar Wealth Management A Ltd (Registered number: 06890397) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2017 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Amounts owed to group undertakings |
9. | CONTINGENT LIABILITIES |
A retrospective change in interpretation of tax legislation has led to a challenge by HM Revenue & Customs |
against the tax treatment of an investment scheme operated by the company. This challenge has potentially |
resulted in additional employment costs totalling £11,826 being payable by the company. |
An accelerated payment notice of £588 has been paid , this has been included in debtors due in more than one |
year. |
10. | RELATED PARTY DISCLOSURES |
All material related party transactions were concluded under normal market conditions. |
11. | TRANSITION TO FRS 102 |
The company has adopted FRS 102 for the year ended 30 April 2017 with a date of transition 1 May 2015. |
Changes to opening equity for the comparative period are shown in the following tables; there are no changes to |
profit for the comparative period. |