| Bellamy Consultancy and Coaching Limited |
| Registered number: |
09564894 |
| Statement of Financial Position |
| as at 30 September 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
14,940 |
|
|
19,940 |
| Tangible assets |
4 |
|
|
1,099 |
|
|
607 |
|
|
|
|
16,039 |
|
|
20,547 |
|
| Current assets |
| Cash at bank and in hand |
|
|
7,333 |
|
|
10,792 |
|
| Creditors: amounts falling due within one year |
5 |
|
(34,445) |
|
|
(24,287) |
|
| Net current liabilities |
|
|
|
(27,112) |
|
|
(13,495) |
|
| Total assets less current liabilities |
|
|
|
(11,073) |
|
|
7,052 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(24,016) |
|
|
(32,543) |
|
|
|
| Net liabilities |
|
|
|
(35,089) |
|
|
(25,491) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
(35,091) |
|
|
(25,493) |
|
| Shareholders' funds |
|
|
|
(35,089) |
|
|
(25,491) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| 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. |
| The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| G Bellamy |
| Director |
| Approved by the board on 29 June 2018 |
|
| Bellamy Consultancy and Coaching Limited |
| Notes to the Accounts |
| for the year ended 30 September 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
|
|
|
Transition to FRS 102 |
|
The entity transitioned from previous UK GAAP to FRS 102 as at 1 October 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in the notes below. |
|
|
Going concern |
|
The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The company is continuing to trade as the director of the company is funding the company in the form of a director’s loan and a secured bank loan personally guaranteed by the director. The director is planning to continue this financial support for the company for the foreseeable future.
or
The company ceased trading on xx/xx/xx. The accounts have therefore been produced on a break-up basis, with all assets being valued at their net realisable value. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
25% reducing balance |
|
|
Creditors |
|
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
| 2 |
Employees |
2017 |
|
2016 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Other intangible asset: |
|
|
Cost |
|
At 1 October 2016 |
25,000 |
|
At 30 September 2017 |
25,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 October 2016 |
5,060 |
|
Provided during the year |
5,000 |
|
At 30 September 2017 |
10,060 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2017 |
14,940 |
|
At 30 September 2016 |
19,940 |
|
|
|
|
|
|
|
|
|
|
The other intangible asset is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 October 2016 |
1,014 |
|
Additions |
858 |
|
At 30 September 2017 |
1,872 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2016 |
407 |
|
Charge for the year |
366 |
|
At 30 September 2017 |
773 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2017 |
1,099 |
|
At 30 September 2016 |
607 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Bank loans and overdrafts |
8,757 |
|
8,747 |
|
Trade creditors |
74 |
|
- |
|
Other taxes and social security costs |
2,535 |
|
1,562 |
|
Other creditors |
23,079 |
|
13,978 |
|
|
|
|
|
|
34,445 |
|
24,287 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Bank loans |
24,016 |
|
32,543 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2017 |
|
2016 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
32,763 |
|
41,290 |
|
|
|
|
|
|
|
|
|
|
Bank loan secured by personal guarantee from Mr G Bellamy who is a director and a shareholder. |
|
|
| 9 |
Other information |
|
|
Bellamy Consultancy and Coaching Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
1 Top Lodge |
|
Nutley |
|
Uckfield |
|
East Sussex |
|
TN22 3JD |
|
| 10 |
Transition to FRS 102 |
|
|
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 28 April 2015.
No transitional adjustments were required in equity or profit or loss for the year. |
