BKB Accountants Ltd - Filleted accounts

Registered number

04987130

BKB Accountants Ltd

Filleted Accounts

30 April 2018

BKB Accountants Ltd
Registered number:		04987130
Balance Sheet
as at 30 April 2018

Notes			2018			2017
£				£
Fixed assets
Tangible assets	3		32,244			33,140
Investments	4		50			50
			32,294			33,190

Current assets
Debtors	5	428,966			336,177
Cash at bank and in hand		47,972			28,981
		476,938			365,158

Creditors: amounts falling due within one year	6	(202,971)			(176,555)

Net current assets			273,967			188,603

Total assets less current liabilities			306,261			221,793

Creditors: amounts falling due after more than one year	7		(23,611)			(20,709)



Net assets			282,650			201,084

Capital and reserves
Called up share capital			100			100
Profit and loss account			282,550			200,984

Shareholders' funds			282,650			201,084

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Alistair Wallace
Director
Approved by the board on 24 January 2019

BKB Accountants Ltd
Notes to the Accounts
for the year ended 30 April 2018


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	25% reducing balance
	Motor vehicles	25% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 May 2017					25,000
	At 30 April 2018					25,000

	Amortisation
	At 1 May 2017					25,000
	At 30 April 2018					25,000

	Net book value
	At 30 April 2018					-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 May 2017	45,279		36,828		82,107
	Additions	6,478		9,065		15,543
	Disposals	(3,234)		(8,043)		(11,277)
	At 30 April 2018	48,523		37,850		86,373

	Depreciation
	At 1 May 2017	31,724		17,243		48,967
	Charge for the year	4,434		6,314		10,748
	On disposals	(937)		(4,649)		(5,586)
	At 30 April 2018	35,221		18,908		54,129

	Net book value
	At 30 April 2018	13,302		18,942		32,244
	At 30 April 2017	13,555		19,585		33,140


4	Investments

Other
investments
£
	Cost
	At 1 May 2017					50

	At 30 April 2018					50


5	Debtors			2018		2017
£					£

	Trade debtors			288,952		201,290
	Other debtors			140,014		134,887
				428,966		336,177


6	Creditors: amounts falling due within one year			2018		2017
£					£

	Obligations under finance lease and hire purchase contracts			6,630		8,676
	Trade creditors			7,507		11,095
	Taxation and social security costs			131,424		92,198
	Other creditors			57,410		64,586
				202,971		176,555


7	Creditors: amounts falling due after one year			2018		2017
£					£

	Obligations under finance lease and hire purchase contracts			23,611		20,709


8	Presentation currency

	The Financial Statements are presented in £ sterling which is the functional currency of the company.


9	Other information

	BKB Accountants Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	3 Vista Place
	Ingworth Road
	Poole
	Dorset
	BH12 1JY