Blackstar Wealth Management A Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06890397 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

Blackstar Wealth Management A Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C J Humphreys

REGISTERED OFFICE:

17 Wrens Court

Lower Queen Street

Sutton Coldfield

West Midlands

B72 1RT

REGISTERED NUMBER:

06890397 (England and Wales)

ACCOUNTANTS:

Curo Chartered Accountants

Curo House

Greenbox

Westonhall Road

Bromsgrove

Worcestershire

B60 4AL

FIXED ASSETS

Tangible assets

4

204

589

CURRENT ASSETS

Debtors

5

10,611

25,490

Cash at bank and in hand

502

15,414

11,113

40,904

CREDITORS

Amounts falling due within one year

6

125,690

133,837

NET CURRENT LIABILITIES

(114,577

)

(92,933

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(114,373

)

(92,344

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(114,473

)

(92,444

)

SHAREHOLDERS' FUNDS

(114,373

)

(92,344

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 24 January 2019 and were signed by:

C J Humphreys - Director

1.	STATUTORY INFORMATION

Blackstar Wealth Management A 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Computer equipment

-

33% on cost

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.

Going concern

The financial statements have been prepared on a going concern basis on the grounds that the director believes

that there is sufficient funding in place to support the business for the next twelve months from the date of the

approval of the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 May 2017

and 30 April 2018

1,965

DEPRECIATION

At 1 May 2017

1,376

Charge for year

385

At 30 April 2018

1,761

NET BOOK VALUE

At 30 April 2018

204

At 30 April 2017

589

5.

DEBTORS

2018

2017

£

£

Amounts falling due within one year:

Other debtors

10,023

24,902

Amounts falling due after more than one year:

Other debtors

588

588

Aggregate amounts

10,611

25,490

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed to group undertakings

123,950

129,950

Taxation and social security

-

2,147

Other creditors

1,740

1,740

125,690

133,837

7.	CONTINGENT LIABILITIES

A retrospective change in interpretation of tax legislation has led to a challenge by HM Revenue & Customs

against the tax treatment of an investment scheme operated by the company. This challenge has potentially

resulted in additional employment costs totalling £11,826 being payable by the company.

An accelerated payment notice of £588 has been paid , this has been included in debtors due in more than one

year.