Company Registration No. 10105131 (England and Wales)
Best 247 Buy Ltd
Unaudited accounts
for the year ended 31 March 2019
Best 247 Buy Ltd
Statement of financial position
as at
31 March 2019
Cash at bank and in hand
20,492
28,146
Creditors: amounts falling due within one year
(24,973)
(37,320)
Net current assets
1,194
671
Called up share capital
1
1
Profit and loss account
1,934
1,632
Shareholders' funds
1,935
1,633
For the year ending 31 March 2019 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 directors acknowledge their 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 of Directors and authorised for issue on 4 August 2019 and were signed on its behalf by
Faiz-Ur Rehman
Director
Company Registration No. 10105131
Best 247 Buy Ltd
Notes to the Accounts
for the year ended 31 March 2019
Best 247 Buy Ltd is a private company, limited by shares, registered in England and Wales, registration number 10105131. The registered office is 16 GISBURN STREET, SKIPTON, NORTH YORKSHIRE, BD23 1TD, UNITED KINGDOM.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover represents net invoiced sales of goods, excluding value added tax
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:
Fixtures & fittings
20% on reducing balance
Computer equipment
25% on reducing balance
Inventories have been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Best 247 Buy Ltd
Notes to the Accounts
for the year ended 31 March 2019
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2018
500
750
1,250
At 31 March 2019
500
750
1,250
At 1 April 2018
100
188
288
Charge for the year
80
141
221
At 31 March 2019
180
329
509
At 31 March 2019
320
421
741
At 31 March 2018
400
562
962
Finished goods
5,675
9,845
6
Creditors: amounts falling due within one year
2019
2018
Trade creditors
21,380
29,319
Taxes and social security
2,316
2,316
Other creditors
1,277
5,685
7
Share capital
2019
2018
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 0 (2018: 0).