Butler & Co (Bishops Waltham) Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05441940 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2022

for

Butler & Co (Bishops Waltham) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Slater FCA

Mrs J M Butler FCA

SECRETARY:

S J Slater FCA

REGISTERED OFFICE:

Avalon House

Waltham Business Park

Brickyard Road, Swanmore

Southampton

Hampshire

SO32 2SA

REGISTERED NUMBER:

05441940 (England and Wales)

FIXED ASSETS

Intangible assets

5

26,214

34,282

Tangible assets

6

701

2,637

26,915

36,919

CURRENT ASSETS

Debtors

7

76,236

70,466

Cash at bank and in hand

10,932

13,509

87,168

83,975

CREDITORS

Amounts falling due within one year

8

26,027

27,961

NET CURRENT ASSETS

61,141

56,014

TOTAL ASSETS LESS CURRENT LIABILITIES

88,056

92,933

PROVISIONS FOR LIABILITIES

-

382

NET ASSETS

88,056

92,551

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

87,856

92,351

SHAREHOLDERS' FUNDS

88,056

92,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 6 December 2022 and were signed on its behalf by:

S J Slater FCA - Director

1.	STATUTORY INFORMATION

Butler & Co (Bishops Waltham) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 2005, is being amortised evenly over its estimated useful life of twenty 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.

Fixtures and equipment

-

15% reducing balance basis

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 31 March 2022

161,357

AMORTISATION

At 1 April 2021

127,075

Amortisation for year

8,068

At 31 March 2022

135,143

NET BOOK VALUE

At 31 March 2022

26,214

At 31 March 2021

34,282

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

equipment

equipment

Totals

£

£

£

COST

At 1 April 2021

and 31 March 2022

5,276

16,397

21,673

DEPRECIATION

At 1 April 2021

4,477

14,559

19,036

Charge for year

120

1,816

1,936

At 31 March 2022

4,597

16,375

20,972

NET BOOK VALUE

At 31 March 2022

679

22

701

At 31 March 2021

799

1,838

2,637

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

30,799

34,633

Amounts recoverable on contracts

25,337

23,451

Accruals

-

480

Prepayments

20,100

11,902

76,236

70,466

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Payments on account

1,766

1,743

Trade creditors

2,154

1,351

Tax

8,683

11,282

Social security and other taxes

1,580

1,744

VAT

7,061

7,177

Pension contributions payable

719

721

Directors' current accounts

4,064

3,943

26,027

27,961