BANWATCH SOLUTIONS LTD - Accounts

BANWATCH SOLUTIONS LTD - Company Information

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Registered Number : 06526633

England and Wales

BANWATCH SOLUTIONS LTD

Abridged Accounts

Period of accounts

Start date: 01 April 2016

End date: 31 March 2017

BANWATCH SOLUTIONS LTD
Contents Page
For the year ended 31 March 2017

Accountants' Report
Statement of Financial Position
Notes to the Financial Statement

BANWATCH SOLUTIONS LTD Accountants' Report For the year ended 31 March 2017
As described in the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2017 and you consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. .................................................... LIGHTHALL CONSULT LTD BOARDMAN HOUSE 64 BROADWAY LONDON E15 1NT 24 August 2017 1

BANWATCH SOLUTIONS LTD
Accountants' Report
For the year ended 31 March 2017

As described in the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2017 and you consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

....................................................
LIGHTHALL CONSULT LTD
BOARDMAN HOUSE
64 BROADWAY
LONDON
E15 1NT
24 August 2017

BANWATCH SOLUTIONS LTD
Statement of Financial Position
As at 31 March 2017

	Notes	2017 £	2016 £
Fixed assets
Tangible fixed assets	2	4,905	10,720
		4,905	10,720
Current assets
Debtors: amounts falling due within one year		11,912	14,032
Cash at bank and in hand		5,150	2,507
		17,062	16,539
Creditors: amount falling due within one year		(13,672)	(18,077)
Net current assets		3,390	(1,538)

Total assets less current liabilities		8,295	9,182
Net assets		8,295	9,182

Capital and reserves
Called up share capital	3	5,000	5,000
Profit and loss account		3,295	4,182
Shareholders funds		8,295	9,182

For the year ended 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

The members have agreed to the preparation of abridged accounts.

Signed on behalf of the board of directors

--------------------------------
OMOTAYO BANWO
Director

--------------------------------
ABIMBOLA BANWO
Director

Date approved by the board: 24 August 2017

BANWATCH SOLUTIONS LTD
Notes to the Abridged Financial Statements
For the year ended 31 March 2017

Statutory Information

BANWATCH SOLUTIONS LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 06526633.

The presentation currency is £ sterling.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).

Turnover

The Turnover represents the amount derived from the principal activity of the company which is software consultancy and supply

Cost of sales

The cost of sales figure represents the costs that are incurred as a direct result of providing the services which form the core of the services provided by the company

Taxation

Tax was provided for at 20% and was charged on the profit realised by the company as the company qualifies as a small company

Tangible fixed assets
Tangible fixed assets, other than freehold land, 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:

Computer Equipment	25% Reducing Balance
Fixtures and Fittings	25% Reducing Balance

Tangible fixed assets

Cost or Valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 April 2016	300	27,459	27,759
Additions	-	1,500	1,500
Disposals	-	-	-
At 31 March 2017	300	28,959	29,259
Depreciation
At 01 April 2016	225	16,814	17,039
Charge for year	75	7,240	7,315
On disposals	-	-	-
At 31 March 2017	300	24,054	24,354
Net book values
At 31 March 2017	-	4,905	4,905
At 31 March 2016	75	10,645	10,720

Share Capital

Authorised
5,000 Class A shares of £1.00 each

Allotted	2017 £		2016 £
5,000 Class A shares of £1.00 each	5,000		5,000
	5,000		5,000