Company Registration No. 3912778 (England and Wales)
BIDME LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
BIDME LIMITED
CONTENTS
Page
Director's report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5
BIDME LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2017
- 1 -
The director presents his annual report and financial statements for the year ended 31 March 2017.
Principal activities
The company is presently not trading.
Director
The director who held office during the year and up to the date of signature of the financial statements was as follows:
Mr P A Bache
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Mr P A Bache
Director
9 August 2017
BIDME LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BIDME LIMITED FOR THE YEAR ENDED 31 MARCH 2017
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bidme Limited for the year ended 31 March 2017 set out on pages 3 to 5 from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/
This report is made solely to the Board of Directors of Bidme Limited, as a body, in accordance with the terms of our engagement letter dated 9 August 2010. Our work has been undertaken solely to prepare for your approval the financial statements of Bidme Limited and state those matters that we have agreed to state to the Board of Directors of Bidme Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bidme Limited and its Board of Directors as a body, for our work or for this report.
and state those matters that we have agreed to state to the Board of Directors of Bidme Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bidme Limited and its Board of Directors as a body, for
our work or for this report.
It is your duty to ensure that Bidme Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets,
liabilities, financial position and loss of Bidme Limited. You consider that Bidme Limited 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 financial statements of Bidme 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 financial statements.
Trevor Jones & Co
9 August 2017
Chartered Accountants
Old Bank Chambers
582-586 Kingsbury Road
Erdington
Birmingham
B24 9ND
BIDME LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2017
- 3 -
2017
2016
Notes
£
£
Administrative expenses
(206)
(325)
Loss before taxation
(206)
(325)
Taxation
-
-
Loss for the financial year
(206)
(325)
BIDME LIMITED
BALANCE SHEET
AS AT
31 MARCH 2017
31 March 2017
- 4 -
2017
2016
Notes
£
£
£
£
Current assets
Cash at bank and in hand
16
27
Creditors: amounts falling due within one year
2
(1,845)
(1,650)
Net current liabilities
(1,829)
(1,623)
Capital and reserves
Called up share capital
3
100
100
Profit and loss reserves
(1,929)
(1,723)
Total equity
(1,829)
(1,623)
For the financial year ended 31 March 2017 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
T he director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
he director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 .
he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and signed by the director and authorised for issue on 9 August 2017
Mr P A Bache
Director
Company Registration No. 3912778
BIDME LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
- 5 -
1
Accounting policies
Company information
Bidme Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Old Bank Chambers, 582-586 Kingsbury Road, Erdington, Birmingham, B24 9ND.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
These financial statements for the year ended 31 March 2017
are the
first
financial statements of Bidme Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 April 2015. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
2
Creditors: amounts falling due within one year
2017
2016
£
£
Trade creditors
-
139
Other creditors
1,845
1,511
1,845
1,650
3
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
10,000 Ordinary shares of 1p each
100
100