Registration number:
Bascomb & Drew Developments Ltd.
for the Year Ended 31 March 2018
Bascomb & Drew Developments Ltd.
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
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Accountants' Report |
Bascomb & Drew Developments Ltd.
Company Information
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Directors |
Mr William Griffith Mr Andrew Paul Dean |
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Company secretary |
Mr Andrew Paul Dean |
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Registered office |
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Accountants |
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Page 1 |
Bascomb & Drew Developments Ltd.
(Registration number: 04645147)
Balance Sheet as at 31 March 2018
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Note |
2018 |
2017 |
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Current assets |
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Stocks |
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- |
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Debtors |
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Cash at bank and in hand |
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- |
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Creditors: Amounts falling due within one year |
( |
- |
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Net (liabilities)/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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For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been 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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Company secretary and director
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Page 2 |
Bascomb & Drew Developments Ltd.
Notes to the Financial Statements for the Year Ended 31 March 2018
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General information |
The company is a private company limited by share capital, incorporated in England.
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Accounting policies |
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.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provisions of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit or loss, except that 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 reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
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Page 3 |
Bascomb & Drew Developments Ltd.
Notes to the Financial Statements for the Year Ended 31 March 2018 (continued)
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2 |
Accounting policies (continued) |
Financial instruments
Classification
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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Employees and Directors |
The average number of persons employed by the company (including directors) during the year, was
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Taxation |
The tax charge on the profit for the year was as follows:
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2018 |
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UK corporation tax |
- |
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Tax on profit |
- |
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Debtors |
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2018 |
2017 |
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Other debtors |
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Page 4 |
Bascomb & Drew Developments Ltd.
Notes to the Financial Statements for the Year Ended 31 March 2018 (continued)
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Creditors |
Creditors: amounts falling due within one year
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2018 |
2017 |
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Due within one year |
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Other creditors |
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- |
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Related party transactions |
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Transactions with directors |
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2018 |
At 1 April 2017 |
At 31 March 2018 |
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Mr William Griffith |
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Loan |
2 |
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Mr Andrew Paul Dean |
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Loan |
2 |
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2017 |
At 1 April 2016 |
At 31 March 2017 |
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Mr William Griffith |
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Loan |
2 |
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Mr Andrew Paul Dean |
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Loan |
2 |
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Included within other creditors is a loan of £7,500 ( 2017:£nil ) owed to Bascomb & Drew Ltd a company under the control of Mr W Griffith and Mr A Dean.
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Page 5 |
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Bascomb & Drew Developments Ltd.
for the Year Ended 31 March 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bascomb & Drew Developments Ltd. for the year ended 31 March 2018 as set out on pages 2 to 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the Board of Directors of Bascomb & Drew Developments Ltd., 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 Bascomb & Drew Developments Ltd. and state those matters that we have agreed to state to the Board of Directors of Bascomb & Drew Developments Ltd., as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bascomb & Drew Developments Ltd. and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Bascomb & Drew Developments Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Bascomb & Drew Developments Ltd.. You consider that Bascomb & Drew Developments Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Bascomb & Drew Developments Ltd.. 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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Beancross Road
Grangemouth
FK3 8WX
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