Highwood BIC Limited - Accounts to registrar (filleted) - small 18.1
Highwood BIC Limited - Accounts to registrar (filleted) - small 18.1
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 November 2016 to 30 September 2017 |
for |
HIGHWOOD BIC LIMITED |
HIGHWOOD BIC LIMITED (REGISTERED NUMBER: 06403810) |
Contents of the Financial Statements |
FOR THE PERIOD 1 NOVEMBER 2016 TO 30 SEPTEMBER 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
HIGHWOOD BIC LIMITED |
Company Information |
FOR THE PERIOD 1 NOVEMBER 2016 TO 30 SEPTEMBER 2017 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Henstaff Court |
Llantrisant Road |
Groesfaen |
Cardiff |
CF72 8NG |
HIGHWOOD BIC LIMITED (REGISTERED NUMBER: 06403810) |
Balance Sheet |
30 SEPTEMBER 2017 |
30.9.17 | 31.10.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Investments | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The director acknowledges his 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 profit or loss 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
HIGHWOOD BIC LIMITED (REGISTERED NUMBER: 06403810) |
Notes to the Financial Statements |
FOR THE PERIOD 1 NOVEMBER 2016 TO 30 SEPTEMBER 2017 |
1. | STATUTORY INFORMATION |
Highwood BIC Limited is a |
company's registered number and registered office address can be found on the Company Information page. |
The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to |
the nearest pound. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements for the year ended 30 September 2017 are the first financial statements that comply |
with Financial Reporting Standard 102 1A. The date of transition is 1 October 2015. |
The transition to Financial Reporting Standard 102 1A has resulted in no changes to existing accounting policies |
which can be seen in the following notes. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
Tangible fixed assets |
Fixtures and fittings - 10% on cost. |
Computer equipment - 33% on cost. |
Taxation |
Taxation for the period 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 balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet 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 period 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. |
HIGHWOOD BIC LIMITED (REGISTERED NUMBER: 06403810) |
Notes to the Financial Statements - continued |
FOR THE PERIOD 1 NOVEMBER 2016 TO 30 SEPTEMBER 2017 |
2. | ACCOUNTING POLICIES - continued |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
Financial instruments |
Basic financial instruments are recognised at amortised cost. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 November 2016 |
and 30 September 2017 |
DEPRECIATION |
At 1 November 2016 |
Charge for period |
At 30 September 2017 |
NET BOOK VALUE |
At 30 September 2017 |
At 31 October 2016 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.17 | 31.10.16 |
£ | £ |
Trade debtors |
Other debtors |
6. | CURRENT ASSET INVESTMENTS |
30.9.17 | 31.10.16 |
£ | £ |
Unlisted investments | 35,050 | 35,050 |
The company owns 50% of South Coast Network Limited. |
HIGHWOOD BIC LIMITED (REGISTERED NUMBER: 06403810) |
Notes to the Financial Statements - continued |
FOR THE PERIOD 1 NOVEMBER 2016 TO 30 SEPTEMBER 2017 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.17 | 31.10.16 |
£ | £ |
Taxation and social security |
Other creditors |