BALTSON LTD.
Unaudited Financial Statements
For the Period 22 January 2016 to 31 January 2017
The notes on pages 4 to 5 form part of these financial statements.
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1.4.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3.
Debtors
|
Period to 31 January 2017 |
|
£ |
Due within one year |
Trade debtors |
326,194
|
Director's Current Account |
28,775
|
|
|
|
354,969
|
|
|
4.
Creditors: Amounts Falling Due Within One Year
|
Period to 31 January 2017 |
|
£ |
Trade creditors |
328,298
|
Accruals and deferred income |
7,235
|
|
|
|
335,533
|
|
|
5.
Share Capital
|
Value |
Number |
Period to 31 January 2017 |
Allotted, called up and fully paid |
£ |
|
£ |
Ordinary shares
|
1.000
|
100
|
100
|
|
|
|
|
|
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