Company Registration No. 11531854 (England and Wales)
BGS Accounting Limited
Unaudited accounts
for the year ended 31 August 2021
BGS Accounting Limited
Unaudited accounts
Contents
BGS Accounting Limited
Company Information
for the year ended 31 August 2021
Company Number
11531854 (England and Wales)
Registered Office
THE DOCK
75 EXPLORATION DRIVE
LEICESTER
LE4 5NU
ENGLAND
BGS Accounting Limited
Statement of financial position
as at
31 August 2021
Tangible assets
2,027
877
Cash at bank and in hand
9,563
30,031
Creditors: amounts falling due within one year
(31,437)
(22,982)
Net current assets
37,841
15,791
Total assets less current liabilities
39,868
16,668
Creditors: amounts falling due after more than one year
(5,177)
(2,277)
Called up share capital
2
2
Profit and loss account
34,689
14,389
Shareholders' funds
34,691
14,391
For the year ending 31 August 2021 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 September 2021 and were signed on its behalf by
Bhavesh Shah
Director
Company Registration No. 11531854
BGS Accounting Limited
Notes to the Accounts
for the year ended 31 August 2021
BGS Accounting Limited is a private company, limited by shares, registered in England and Wales, registration number 11531854. The registered office is THE DOCK, 75 EXPLORATION DRIVE, LEICESTER, LE4 5NU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2021 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2019.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2020
1,479
785
2,264
Additions
874
2,165
3,039
At 31 August 2021
2,353
2,950
5,303
At 1 September 2020
986
401
1,387
Charge for the year
783
1,106
1,889
At 31 August 2021
1,769
1,507
3,276
At 31 August 2021
584
1,443
2,027
At 31 August 2020
493
384
877
BGS Accounting Limited
Notes to the Accounts
for the year ended 31 August 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
14,791
7,749
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
38,000
40,000
Trade creditors
19,554
37,020
Taxes and social security
3,498
(1,470)
Loans from directors
(41,863)
(55,068)
7
Creditors: amounts falling due after more than one year
2021
2020
Taxes and social security
5,177
2,277
8
Average number of employees
During the year the average number of employees was 5 (2020: 1).