Belmont Costing Ltd 30/11/2017 iXBRL

BELMONT COSTING LTD - Company Information

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Statement of consent to prepare abridged financial statements

All of the members of Belmont Costing Ltd have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the current year ending 30 November 2017 in accordance with Section 444(2A) of the Companies Act 2006.

Company registration number: 8289888

Belmont Costing Ltd

Unaudited filleted abridged financial statements

30 November 2017

Belmont Costing Ltd

Contents

Directors and other information

Abridged statement of financial position

Notes to the financial statements

Belmont Costing Ltd

Directors and other information


	Director	Mr Geoffrey Andrews


	Company number	8289888


	Registered office	Ground Floor Southon House
		Station Approach
		Edenbridge
		Kent
		TN8 5LP


	Business address	11 Belmont Road
		Stroud
		Gloucs
		GL5 1HH


	Accountants	Accounts Action (SE). Ltd
		Ground Floor Southon House
		Station Approach
		Edenbridge
		Kent
		TN8 5LP

Belmont Costing Ltd

Abridged statement of financial position

30th November 2017

		2017		2016
	Note	£	£	£	£

Current assets
Debtors		21,488		19,325
Cash at bank and in hand		498		1,529
		_______		_______
		21,986		20,854
Creditors: amounts falling due
within one year		( 21,253)		( 20,335)
		_______		_______
Net current assets			733		519
			_______		_______
Total assets less current liabilities			733		519

			_______		_______
Net assets			733		519
			_______		_______

Capital and reserves
Called up share capital			200		200
Profit and loss account			533		319
			_______		_______
Shareholder funds			733		519
			_______		_______

For the year ending 30 November 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 15 August 2018 , and are signed on behalf of the board by:

Mr Geoffrey Andrews

Director

Company registration number: 8289888

Belmont Costing Ltd

Notes to the financial statements

Year ended 30th November 2017

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Ground Floor Southon House, Station Approach, Edenbridge, Kent, TN8 5LP.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1st December 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2016: 1 ).

5. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2017
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Geoffrey Andrews	19,258	26,691	( 24,528)	21,421
		_______	_______	_______	_______

2016
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Geoffrey Andrews	15,271	49,596	( 45,609)	19,258
		_______	_______	_______	_______

6. Controlling party

The controlling and ultimate controlling party is the company's director G Andrews by virtue of his 100% shareholding.

7. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1st December 2015.

Reconciliation of equity

No transitional adjustments were required.

Reconciliation of profit or loss for the year

No transitional adjustments were required.