REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
FOR |
A & L BPS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
FOR |
A & L BPS LIMITED |
A & L BPS LIMITED (REGISTERED NUMBER: SC205856) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2018 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
A & L BPS LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 March 2018 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
13 Glasgow Road |
Paisley |
Renfrewshire |
PA1 3QS |
A & L BPS LIMITED (REGISTERED NUMBER: SC205856) |
ABRIDGED BALANCE SHEET |
31 March 2018 |
2018 | 2017 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | 7 |
SHAREHOLDERS' FUNDS |
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 |
A & L BPS LIMITED (REGISTERED NUMBER: SC205856) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2018 |
1. | STATUTORY INFORMATION |
A & L BPS Limited is a |
number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the |
goods are physically delivered to the customer. Turnover from the supply of services represents the value of |
services provided under contracts to the extent that there is a right to consideration and is recorded at the value |
of the consideration due. Where the contract has only been partially completed at the balance sheet date |
turnover represents the value of the service provided to date based on a proportion of the total contract value. |
Where payments are received from customers in advance of services provided, the amounts are recorded as |
Deferred Income and included as part of Creditors due within one year. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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. |
Investments |
Investments are measured at fair value each year and any difference is taken to the profit and loss account. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
A & L BPS LIMITED (REGISTERED NUMBER: SC205856) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2018 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2017 |
Additions |
At 31 March 2018 |
DEPRECIATION |
At 1 April 2017 |
Charge for year |
At 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
5. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 April 2017 | 451,997 |
Additions | 36,710 |
At 31 March 2018 | 488,707 |
NET BOOK VALUE |
At 31 March 2018 | 488,707 |
At 31 March 2017 | 451,997 |
Investments comprise of the company's investment in Findlay Dunn Properties LLP, a limited liability partnership |
in which A Binning is a member.The value of the investment at the balance sheet date is measured at fair value |
each year. |
6. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
Ordinary | £1 | 2 | 2 |
7. | RESERVES |
Retained |
earnings |
£ |
At 1 April 2017 |
Profit for the year |
Dividends | ( |
) |
At 31 March 2018 |
A & L BPS LIMITED (REGISTERED NUMBER: SC205856) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2018 |
8. | RELATED PARTY DISCLOSURES |
During the year the company made net advances totalling £210,399 to the director (2017: £167,406). This |
amount was cleared by dividends declared to Mr A & Mrs L Binning of £210,000 (2017: £180,000). |
The balance due by the company to the director at the year end was £932 (2017: £1,310). |
The loan is unsecured, interest free and has no fixed repayment date. |