Wyatt and Ackerman (Bristol) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04258874 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2018

for

Wyatt and Ackerman (Bristol) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Lewis

Mrs J Lewis

SECRETARY:

Mrs J Lewis

REGISTERED OFFICE:

First Floor

29 St Augustine's Parade

Bristol

BS1 4UL

REGISTERED NUMBER:

04258874 (England and Wales)

ACCOUNTANTS:

Moore Stephens

First Floor

29 St Augustine's Parade

Bristol

BS1 4UL

FIXED ASSETS

Intangible assets

4

8,550

11,400

Tangible assets

5

2,749

1,954

11,299

13,354

CURRENT ASSETS

Stocks

106,565

105,905

Debtors

6

316,622

223,606

Cash at bank

271,176

409,354

694,363

738,865

CREDITORS

Amounts falling due within one year

7

168,531

259,005

NET CURRENT ASSETS

525,832

479,860

TOTAL ASSETS LESS CURRENT LIABILITIES

537,131

493,214

PROVISIONS FOR LIABILITIES

522

371

NET ASSETS

536,609

492,843

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

536,607

492,841

SHAREHOLDERS' FUNDS

536,609

492,843

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 April 2019 and were signed on its behalf by:

M Lewis - Director

1.	STATUTORY INFORMATION

Wyatt and Ackerman (Bristol) Ltd is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2017 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2017

and 31 July 2018

57,000

AMORTISATION

At 1 August 2017

45,600

Charge for year

2,850

At 31 July 2018

48,450

NET BOOK VALUE

At 31 July 2018

8,550

At 31 July 2017

11,400

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2017

45,950

Additions

1,216

At 31 July 2018

47,166

DEPRECIATION

At 1 August 2017

43,996

Charge for year

421

At 31 July 2018

44,417

NET BOOK VALUE

At 31 July 2018

2,749

At 31 July 2017

1,954

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Trade debtors

194,117

221,201

Other debtors

122,505

2,405

316,622

223,606

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Bank loans and overdrafts

-

35,224

Hire purchase contracts

-

777

Trade creditors

123,233

104,746

Taxation and social security

37,891

30,096

Other creditors

7,407

88,162

168,531

259,005

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.18

31.7.17

value:

£

£

2

ordinary

£1

2

2

9.	RELATED PARTY DISCLOSURES

At the year end, Mr M Lewis, the director, owed £119,966 to Wyatt & Ackerman (Bristol) Ltd.

Interest was charged on this loan at 2.5%.