REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE PERIOD 1 APRIL 2015 TO 31 DECEMBER 2015 |
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FOR |
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BRITISH EXPERTISE |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE PERIOD 1 APRIL 2015 TO 31 DECEMBER 2015 |
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FOR |
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BRITISH EXPERTISE |
BRITISH EXPERTISE (REGISTERED NUMBER: 00896430) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 1 APRIL 2015 TO 31 DECEMBER 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
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BRITISH EXPERTISE |
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COMPANY INFORMATION |
FOR THE PERIOD 1 APRIL 2015 TO 31 DECEMBER 2015 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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BRITISH EXPERTISE (REGISTERED NUMBER: 00896430) |
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ABBREVIATED BALANCE SHEET |
31 DECEMBER 2015 |
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2015 | 2015 |
£ | £ |
CURRENT ASSETS |
Debtors |
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Cash at bank |
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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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RESERVES |
Income and expenditure account |
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The directors acknowledge their 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 surplus or deficit 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. |
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The financial statements were approved by the Board of Directors on
by: |
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BRITISH EXPERTISE (REGISTERED NUMBER: 00896430) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 1 APRIL 2015 TO 31 DECEMBER 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover, as shown in these financial statements, represents income receivable from a number of government |
agencies contract for the management of trade promotion work. These contracts are awarded through a |
competitive tendering process, and an agreed management fee and expenses are payable after successful |
performance |
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Deferred tax |
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at |
the balance sheet date. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the income and expenditure account on a straight line basis |
over the period of the lease. |
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Going concern basis of accounting |
The directors have considered the budgets, cash flow forecasts and similar supporting information and are |
satisfied that the company can continue operations for twelve months from the date of signing these financial |
statements. |
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On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, |
should the company's operations be subject to any unexpected downturns , the going concern basis used in |
preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value |
of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do |
not include any adjustment to the company's assets or liabilities that might be necessary should this basis not |
continue to be appropriate. |