Reports and accounts for BSUPA Limited company 30 April 2020.

Tables and financial information

	2020 £	2019 £
Turnover	40,641	39,322
Administrative expenses	(35,756)	(33,697)
Operating profit	4,885	5,625
Profit before taxation	4,885	5,625
Profit for the financial year	4,885	5,625

	Notes		2020 £		2019 £
Current assets
Debtors	2	4,325		–
Cash at bank and in hand		10,527		9,960
		14,912		9,960
Creditors: amounts falling due within one year	3	(67)		–
Net current assets			14,845		9,960
Net assets			14,845		9,960
Capital and reserves
Profit and loss account			14,845		9,960
Shareholder’s funds			14,845		9,960

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Notes to the Accounts for the year ended 30 April 2020

1. Accounting policies
   
   Basis of preparation
   The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
   
   Turnover
   Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
   
   Debtors
   Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
   
   Creditors
   Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
   
2. Debtors
   Trade Debtors 2020 £4,325
   
3. Creditors: amounts falling due within one year
   Trade creditors 2020 £67
   
4. Other information
   BSUPA is a private company limited by shares and incorporated in England. Its registered office is PO Box 9092 Poole BH14 4FF
   PO Box 9092
   Poole
   BH14 4FF
   
   

	2020 £	2019 £
Sales	40,641	39,322
Cost of sales	–	(450)
Gross profit	40,641	38,872
Administrative expenses	(35,756)	(33,697)
Operating profit	4,885	5,175
Profit before tax	4,885	5,175

	2020 £	2019 £
Sales
Sales	40,641	39,322
Administrative expenses
Employee costs: Travel and subsistence	49	–
Premises costs: Rent	1,200	–
General administrative expenses: General costs Postage Stationary and printing Bank charges Insurance Software Repairs and maintenance Sundry expenses	15,800 439 9,078 77 2,754 1,825 315 19	16,056 909 8,343 287 1,671 2,141 113 –
	30,307	29,520
Legal and professional costs: Accountanct fees Management fees Advertising and PR	1,670 – 2,530	690 620 2,867
	4,200	4,177
	35,756	33,697