46A Bellevue Road Bristol Management Company Limited - Period Ending 2017-02-28
46A Bellevue Road Bristol Management Company Limited - Period Ending 2017-02-28
Registration number:
46A Bellevue Road Bristol Management Company Limited
(A company limited by guarantee)
for the Year Ended 28 February 2017
Accountants and Tax Consultants
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT
46A Bellevue Road Bristol Management Company Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
46A Bellevue Road Bristol Management Company Limited
Company Information
Directors |
Mr D M Slater Mrs M L Slater |
Registered office |
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Accountants |
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46A Bellevue Road Bristol Management Company Limited
(Registration number: 07554216)
Balance Sheet as at 28 February 2017
Note |
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2016 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Profit and loss account |
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Total equity |
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For the financial year ending 28 February 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
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46A Bellevue Road Bristol Management Company Limited
(Registration number: 07554216)
Balance Sheet as at 28 February 2017
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Mrs M L Slater
Director
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46A Bellevue Road Bristol Management Company Limited
Notes to the Financial Statements for the Year Ended 28 February 2017
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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46A Bellevue Road Bristol Management Company Limited
Notes to the Financial Statements for the Year Ended 28 February 2017
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Debtors |
2017 |
2016 |
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Prepayments |
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- |
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- |
Creditors |
Creditors: amounts falling due within one year
2017 |
2016 |
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Due within one year |
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Accruals and deferred income |
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Other creditors |
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Related party transactions |
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
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46A Bellevue Road Bristol Management Company Limited
Notes to the Financial Statements for the Year Ended 28 February 2017
Transactions with directors |
2017 |
At 1 March 2016 |
Advances to directors |
At 28 February 2017 |
Mr D M Slater |
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Balance due to/(by) the director |
24 |
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Mrs M L Slater |
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Balance due to/(by) the director |
24 |
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2016 |
At 1 March 2015 |
Advances to directors |
At 29 February 2016 |
Mr D M Slater |
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Balance due to/(by) the director |
18 |
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Mrs M L Slater |
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Balance due to/(by) the director |
18 |
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Transition to FRS 102 |
The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting policies to those used previously.
No transitional adjustments were required in equity or profit or loss for the current or prior period.
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