Beyond Knowing Limited - Period Ending 2017-04-30

Beyond Knowing Limited - Period Ending 2017-04-30


Beyond Knowing Limited 10151520 false 2016-04-27 2017-04-30 2017-04-30 The principal activity of the company is management consultancy Digita Accounts Production Advanced 6.20.8420.0 Software true 10151520 2016-04-27 2017-04-30 10151520 2017-04-30 10151520 bus:OrdinaryShareClass1 2017-04-30 10151520 core:RetainedEarningsAccumulatedLosses 2017-04-30 10151520 core:ShareCapital 2017-04-30 10151520 core:CurrentFinancialInstruments 2017-04-30 10151520 core:CurrentFinancialInstruments core:WithinOneYear 2017-04-30 10151520 bus:SmallEntities 2016-04-27 2017-04-30 10151520 bus:AuditExemptWithAccountantsReport 2016-04-27 2017-04-30 10151520 bus:FullAccounts 2016-04-27 2017-04-30 10151520 bus:RegisteredOffice 2016-04-27 2017-04-30 10151520 bus:Director1 2016-04-27 2017-04-30 10151520 bus:OrdinaryShareClass1 2016-04-27 2017-04-30 10151520 bus:PrivateLimitedCompanyLtd 2016-04-27 2017-04-30 10151520 bus:Agent1 2016-04-27 2017-04-30 10151520 countries:AllCountries 2016-04-27 2017-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10151520

Beyond Knowing Limited

Annual Report and Unaudited Financial Statements

for the Period from 27 April 2016 to 30 April 2017

 

Beyond Knowing Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4 to 7

 

Beyond Knowing Limited

Company Information

Director

Ms Paula Jane Jones

Registered office

Greenway House
Sugarswell Business Park
Banbury
Oxfordshire
OX15 6HW

Accountants

mca business ltd
Suite 16D
The McLaren Building
46 The Priory Queensway
Birmingham
B4 7LR

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Beyond Knowing Limited
for the Period Ended 30 April 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Beyond Knowing Limited for the period ended 30 April 2017 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Beyond Knowing Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Beyond Knowing Limited and state those matters that we have agreed to state to the Board of Directors of Beyond Knowing Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beyond Knowing Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Beyond Knowing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Beyond Knowing Limited. You consider that Beyond Knowing Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Beyond Knowing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






mca business ltd
Suite 16D
The McLaren Building
46 The Priory Queensway
Birmingham
B4 7LR

13 June 2017

 

Beyond Knowing Limited

(Registration number: 10151520)
Balance Sheet as at 30 April 2017

Note

2017
£

Current assets

 

Debtors

4

20,640

Cash at bank and in hand

 

43,293

 

63,933

Creditors: Amounts falling due within one year

5

(40,172)

Net assets

 

23,761

Capital and reserves

 

Called up share capital

10

Profit and loss account

23,751

Total equity

 

23,761

For the financial period ending 30 April 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 period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 director on 13 June 2017
 

Ms Paula Jane Jones

Director

 

Beyond Knowing Limited

Notes to the Financial Statements for the Period from 27 April 2016 to 30 April 2017

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Greenway House
Sugarswell Business Park
Banbury
Oxfordshire
OX15 6HW

These financial statements were authorised for issue by the director on 13 June 2017.

2

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.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Beyond Knowing Limited

Notes to the Financial Statements for the Period from 27 April 2016 to 30 April 2017

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Beyond Knowing Limited

Notes to the Financial Statements for the Period from 27 April 2016 to 30 April 2017

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2.

4

Debtors

2017
£

Trade debtors

20,640

20,640

5

Creditors

Creditors: amounts falling due within one year

Note

2017
£

Due within one year

 

Bank loans and overdrafts

7

39

Taxation and social security

 

11,072

Accruals and deferred income

 

1,920

Other creditors

 

27,141

 

40,172

6

Share capital

Allotted, called up and fully paid shares

 

2017

 

No.

£

Ordinary of £1 each

10

10

     
 

Beyond Knowing Limited

Notes to the Financial Statements for the Period from 27 April 2016 to 30 April 2017

7

Loans and borrowings

2017
£

Current loans and borrowings

Other borrowings

39

8

Related party transactions

Directors' remuneration

The director's remuneration for the period was as follows:

2017
£

Remuneration

7,381