Bumperstops Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04028168 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

BUMPERSTOPS LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S I Clutterbuck

SECRETARY:

REGISTERED OFFICE:

Diamond Hangar

Long Border Road

London Stansted Airport

Essex

CM24 1RE

REGISTERED NUMBER:

04028168 (England and Wales)

ACCOUNTANTS:

Clemence Hoar Cummings

Chartered Accountants

Riverside House

1-5 Como Street

Romford

Essex

RM7 7DN

CURRENT ASSETS

Debtors

3

157,515

158,685

Cash at bank

7,600

3,540

165,115

162,225

CREDITORS

Amounts falling due within one year

4

43,326

46,335

NET CURRENT ASSETS

121,789

115,890

TOTAL ASSETS LESS CURRENT LIABILITIES

121,789

115,890

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6

121,689

115,790

SHAREHOLDERS' FUNDS

121,789

115,890

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

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

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.

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.

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 17 September 2018 and were signed by:

S I Clutterbuck - Director

1.	STATUTORY INFORMATION

Bumperstops Ltd. is a private company, limited by shares , 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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 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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange

ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at

the average rate of exchange ruling for the year. Exchange differences are taken into account in

arriving at the operating result.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

76,678

79,824

Amount due from factoring

company

-

20,993

VAT

80,837

57,868

157,515

158,685

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

7

Taxation

2,598

7,328

Amounts due to factoring company

28,228

-

Directors' current accounts

12,500

7,500

Accrued expenses

-

31,500

43,326

46,335

5.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Amount due from factors

28,228

-

The amount due to factors is secured by a charge over the company's trade debtors.

6.

RESERVES

Retained

earnings

£

At 1 January 2017

115,790

Profit for the year

10,899

Dividends

(5,000

)

At 31 December 2017

121,689

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 were paid to the director .