The Business Finance Company Limited
|
Registered Number
:
05227124
|
For the year ended 30 September 2017
England and Wales
Unaudited Financial Statements
For the year ended 30 September 2017
The Business Finance Company Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
The Business Finance Company Limited
Statement of Financial Position
2016
2017
Property
,
plant and equipment
|
1,537
1,190
2
1,537
1,190
Trade and other receivables
|
-
961
3
57,709
Cash and cash equivalents
|
64,956
65,917
57,709
Trade and other payables
:
amounts falling due within one
|
year
|
(26,348)
(13,557)
4
31,361
52,360
Net current assets
Total assets less current liabilities
|
53,897
32,551
(84)
(36)
Provisions for liabilities
|
53,813
Net assets
32,515
100
100
53,713
32,415
53,813
32,515
Shareholders' funds
For the year ended 30 September 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
|
These financial statements were approved and authorised for issue by the Board on 11 November 2017 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 30 September 2017
The Business Finance Company Limited
Notes to the Financial Statements
Statutory Information
The Business Finance Company Limited is a private limited company
,
limited by shares
,
domiciled in England and
|
Wales
,
registration number
05227124
.
|
7 Sandy Court
Ashleigh Way, Langage Business Park
Plymouth
Devon
PL7 5JX
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 30 September 2017
The Business Finance Company Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
16,420
860
17,280
Provision for depreciation and impairment
|
15,230
Charge for year
513
15,743
1,537
1,190
3
.
Trade and other receivables
|
2016
2017
961
-
4
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
-
2,585
Taxation and social security
|
12,004
16,888
1,553
6,875
13,557
26,348
5
.
Related party transactions
|
Dividends paid to the director
,
G Spencer
,
during the year amounted to £
26
,
740
(
2016
-
£
32
,
822
)
|
The company was under the control of G Spencer during this and the preceding year
.
|
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