Registration number:
A.J. Bates OT Limited
for the Period from 1 April 2017 to 31 October 2017
A.J. Bates OT Limited
Contents
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Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Financial Statements |
A.J. Bates OT Limited
Company Information
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Director |
J Bates |
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Registered office |
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Bankers |
Barclays Bank PLC |
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Accountants |
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Page 1 |
Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
A.J. Bates OT Limited
for the Period Ended 31 October 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A.J. Bates OT Limited for the period ended 31 October 2017 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made solely to the Board of Directors of A.J. Bates OT Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of A.J. Bates OT Limited and state those matters that we have agreed to state to the Board of Directors of A.J. Bates OT Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A.J. Bates OT Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that A.J. Bates OT Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of A.J. Bates OT Limited. You consider that A.J. Bates OT Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of A.J. Bates OT Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Millennium Way
Pride Park
Derby
DE24 8HG
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Page 2 |
A.J. Bates OT Limited
(Registration number: 09502412)
Balance Sheet as at 31 October 2017
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Note |
1 April 2017 |
Year ended |
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Fixed assets |
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Tangible assets |
- |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
- |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Page 3 |
A.J. Bates OT Limited
(Registration number: 09502412)
Balance Sheet as at 31 October 2017
For the financial period ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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J Bates
Director
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Page 4 |
A.J. Bates OT Limited
Notes to the Financial Statements for the Period from 1 April 2017 to 31 October 2017
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General information |
The company is a private company limited by share capital incorporated in England.
The address of the registered office is given in the company information on page 1 of the financial statements.
These financial statements cover a 7 month period from 1 April 2017 to 31 October 2017 and as such the comparatives are not entirely comparable. The accounting reference date was changed due to the company ceasing to trade.
The principal place of activity of the business is Derby.
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in Sterling (£) and rounded to the nearest £1.
Revenue recognition
Turnover represents the total invoice value, excluding value added tax, of sales made during the year. Income is recongnised based on the level of completion of services.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
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Page 5 |
A.J. Bates OT Limited
Notes to the Financial Statements for the Period from 1 April 2017 to 31 October 2017
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Office equipment |
15% reducing balance |
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Fixtures and fittings |
15% reducing balance |
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Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
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Page 6 |
A.J. Bates OT Limited
Notes to the Financial Statements for the Period from 1 April 2017 to 31 October 2017
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Tangible assets |
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Fixtures, fittings and office equipment |
Total |
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Cost or valuation |
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At 1 April 2017 |
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Disposals |
( |
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At 31 October 2017 |
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- |
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Depreciation |
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At 1 April 2017 |
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Eliminated on disposal |
( |
( |
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At 31 October 2017 |
- |
- |
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Carrying amount |
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At 31 October 2017 |
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- |
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At 31 March 2017 |
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Debtors |
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1 April 2017 |
Year ended |
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Trade debtors |
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Other debtors |
- |
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Creditors |
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1 April 2017 |
Year ended |
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Due within one year |
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Trade creditors |
- |
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Corporation tax |
499 |
4,721 |
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Other creditors |
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Page 7 |
A.J. Bates OT Limited
Notes to the Financial Statements for the Period from 1 April 2017 to 31 October 2017
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Share capital |
Allotted, called up and fully paid shares
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31 October 2017 |
31 March 2017 |
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No. |
£ |
No. |
£ |
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50 |
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50 |
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50 |
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50 |
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Related party transactions |
Summary of transactions with other related parties
At the balance sheet date amounts owed to the directors amounted to £3,100 (31 March 2017 - £949).
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Page 8 |