back to WILLIAM BELL & PARTNERS LIMITED detail William Bell & Partners Limited 31/10/2017 iXBRL
31/10/2017 2017-10-31 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2016-11-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 00682105 2016-11-01 2017-10-31 00682105 2017-10-31 00682105 2016-10-31 00682105 bus:Director1 2016-11-01 2017-10-31 00682105 core:ShareCapital 2017-10-31 00682105 core:ShareCapital 2016-10-31 00682105 core:SharePremium 2017-10-31 00682105 core:SharePremium 2016-10-31 00682105 core:RetainedEarningsAccumulatedLosses 2017-10-31 00682105 core:RetainedEarningsAccumulatedLosses 2016-10-31 00682105 bus:SmallEntities 2016-11-01 2017-10-31 00682105 bus:AuditExempt-NoAccountantsReport 2016-11-01 2017-10-31 00682105 bus:FullAccounts 2016-11-01 2017-10-31 00682105 bus:SmallCompaniesRegimeForAccounts 2016-11-01 2017-10-31 00682105 bus:PrivateLimitedCompanyLtd 2016-11-01 2017-10-31
Company registration number: 00682105
William Bell & Partners Limited
Unaudited filleted financial statements
31 October 2017
William Bell & Partners Limited
Contents
Statement of financial position
Notes to the financial statements
William Bell & Partners Limited
Statement of financial position
31 October 2017
2017 2016
Note £ £ £ £
Current assets
Debtors 4 175,068 175,068
Cash at bank and in hand 3,012 3,012
______ ______
178,080 178,080
Net current assets 178,080 178,080
______ ______
Total assets less current liabilities 178,080 178,080
______ ______
Net assets 178,080 178,080
______ ______
Capital and reserves
Called up share capital 5,501 5,501
Share premium account 500 500
Profit and loss account 172,079 172,079
______ ______
Shareholders funds 178,080 178,080
______ ______
For the year ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 24 July 2018 , and are signed on behalf of the board by:
J P Lawson
Director
Company registration number: 00682105
William Bell & Partners Limited
Notes to the financial statements
Year ended 31 October 2017
1. General information
The company is a private company limited by shares, registered in . The address of the registered office is Barton Grange, Barton, Richmond, North Yorkshire, DL10 6HS.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 November 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 6.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4. Debtors
2017 2016
£ £
Other debtors 175,068 175,068
______ ______
5. Controlling party
The company is controlled by Mr J P Lawson and Mr E Lawson, both of whom are directors.
6. Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 November 2015.
Reconciliation of equity
No transitional adjustments were required.
Reconciliation of profit or loss for the year
No transitional adjustments were required.