Stuart F Beesley & Co Limited - Accounts to registrar (filleted) - small 18.2
Stuart F Beesley & Co Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
STUART F BEESLEY & CO LIMITED |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2018 |
STUART F BEESLEY & CO LIMITED (REGISTERED NUMBER: 05874687) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2018 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
STUART F BEESLEY & CO LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2018 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
The Exchange |
5 Bank Street |
Bury |
BL9 0DN |
BANKERS: |
53 King Street |
Manchester |
M60 2ES |
SOLICITORS: |
Suffield House |
Middleton Gardens |
Manchester |
M24 4EL |
STUART F BEESLEY & CO LIMITED (REGISTERED NUMBER: 05874687) |
STATEMENT OF FINANCIAL POSITION |
31 JULY 2018 |
2018 | 2017 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Property, plant and equipment | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
STUART F BEESLEY & CO LIMITED (REGISTERED NUMBER: 05874687) |
STATEMENT OF FINANCIAL POSITION - continued |
31 JULY 2018 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
STUART F BEESLEY & CO LIMITED (REGISTERED NUMBER: 05874687) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2018 |
1. | STATUTORY INFORMATION |
Stuart F Beesley & Co Limited is a private company, limited by shares, registered in England and Wales. The |
company's registered number is 05874687 and the registered office address is The Exchange, 5 Bank Street, |
Bury, BL9 0DN. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company has transitioned to Financial Reporting Standard 102 and the Companies Act 2006 from UK |
Generally Accepted Accounting Practice. The date of transition to FRS 102 was 1 August 2015. There have not |
been any changes to the comparative figures as a result of the transition. |
Significant judgements and estimates |
In the application of the company's accounting policies, the directors are required to make estimates and |
judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ |
from these estimates. |
The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which |
the estimate is revised. |
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying |
amount of assets and liabilities are outlined below. |
Estimating the useful economic life of an asset and the anticipated residual value are considered key judgement |
in calculating an appropriate depreciation charge. |
Making judgement based on historical experience on the level of provision required for bad debts. Further |
information received after the statement of financial position date may impact on the level of provision required. |
Revenue |
Revenue represents amounts chargeable to clients for professional services provided during the year, inclusive of |
direct expenses incurred on client assignments but excluding value added tax. Revenue is recognised when a |
right to consideration has been obtained through performance under each contract. Consideration accrues as |
contract activity progresses by reference to the value of the work performed. Revenue is not recognised where |
the right to receive payment is contingent on events outside the control of the company. |
Unbilled revenue is included in debtors as 'Amounts recoverable on contracts'. |
Goodwill |
Goodwill, being the amount introduced in connection with the transfer of a business in 2006, is being amortised |
evenly over its estimated useful life of ten years. |
Property, plant and equipment |
Plant and machinery etc | - |
The residual values, estimated useful lives and depreciation method of property, plant and equipment are |
reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision |
are recognised in the income statement when the change arises. |
STUART F BEESLEY & CO LIMITED (REGISTERED NUMBER: 05874687) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2018 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Leasing commitments |
Rentals paid under operating leases are charged to the income statement on a straight line basis over the period |
of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to the income statement in the period to which they relate. |
Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial |
assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third |
parties and loans to related parties. |
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for |
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised |
in the income statement. |
Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, |
being the transaction price less any amounts settled. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
STUART F BEESLEY & CO LIMITED (REGISTERED NUMBER: 05874687) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2018 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 August 2017 |
and 31 July 2018 |
AMORTISATION |
At 1 August 2017 |
and 31 July 2018 |
NET BOOK VALUE |
At 31 July 2018 |
At 31 July 2017 |
5. | PROPERTY, PLANT AND EQUIPMENT |
Plant and |
machinery |
etc |
£ |
COST |
At 1 August 2017 |
Additions |
Disposals | ( |
) |
At 31 July 2018 |
DEPRECIATION |
At 1 August 2017 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 July 2018 |
NET BOOK VALUE |
At 31 July 2018 |
At 31 July 2017 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
Other debtors |
STUART F BEESLEY & CO LIMITED (REGISTERED NUMBER: 05874687) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2018 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued |
Client monies |
During the current and previous year the company, as part of the trading activities, has held client money in |
accordance with the rules of The Royal Institution of Chartered Surveyors. Neither the asset nor the liability are |
reflected in these financial statements. |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |