Balbir Singh Dance Company - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05455980 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Balbir Singh Dance Company

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Jim Yip

Catherine Anamaria Wills

John Connell

Gail Ferrin

SECRETARY:

Balbir Singh

REGISTERED OFFICE:

Yorkshire Dance Buildings

St Peter's Square

Leeds

West Yorkshire

LS9 8AH

REGISTERED NUMBER:

05455980 (England and Wales)

ACCOUNTANTS:

Eura Audit UK

Lishman Chambers

12 Princes Square

Harrogate

North Yorkshire

HG1 1LY

FIXED ASSETS

Intangible assets

4

801

1,601

Tangible assets

5

415

617

1,216

2,218

CURRENT ASSETS

Debtors

21,791

9,900

Cash at bank and in hand

6,895

19,635

28,686

29,535

CREDITORS

Amounts falling due within one year

17,290

19,869

NET CURRENT ASSETS

11,396

9,666

TOTAL ASSETS LESS CURRENT LIABILITIES

12,612

11,884

PROVISIONS FOR LIABILITIES

6

64

101

NET ASSETS

12,548

11,783

RESERVES

Income and expenditure account

7

12,548

11,783

SHAREHOLDERS' FUNDS

12,548

11,783

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 February 2018 and were signed on its behalf by:

Catherine Anamaria Wills - Director

1.	STATUTORY INFORMATION

Balbir Singh Dance Company is a private company, limited by guarantee , registered in England and Wales. 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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Development costs

Following the company's change of name, development and website costs have been capitalised. Amortisation is

10% per annum on a straight line basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & equipment

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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 have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

8,009

AMORTISATION

At 1 April 2016

6,408

Amortisation for year

800

At 31 March 2017

7,208

NET BOOK VALUE

At 31 March 2017

801

At 31 March 2016

1,601

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

6,031

DEPRECIATION

At 1 April 2016

5,414

Charge for year

202

At 31 March 2017

5,616

NET BOOK VALUE

At 31 March 2017

415

At 31 March 2016

617

6.	PROVISIONS FOR LIABILITIES

31.3.17

31.3.16

£

£

Deferred tax

64

101

Deferred

tax

£

Balance at 1 April 2016

101

Provided during year

(37

)

Accelerated capital allowances

Balance at 31 March 2017

64

7.

RESERVES

Income

and

expenditure

account

£

At 1 April 2016

11,783

Surplus for the year

765

At 31 March 2017

12,548

8.	FIRST YEAR ADOPTION

The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention

and in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2015) as at 1st

April 2016.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and

certain other primary statements and the Report of the Directors are not required to be filed with the Registrar

of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2017 set out on pages two to twelve and you consider that the company is exempt from an audit.

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.

Eura Audit UK

Lishman Chambers

12 Princes Square

Harrogate

North Yorkshire

HG1 1LY

Date: .............................................