ACCOUNTS - Final Accounts

BLAND WARBURTON CONSULTING LIMITED - Company Information

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Registered number: 09310847

BLAND WARBURTON CONSULTING LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

BLAND WARBURTON CONSULTING LIMITED

REGISTERED NUMBER: 09310847

BALANCE SHEET

AS AT 30 NOVEMBER 2020

		2020		2019
Note		£		£

Fixed assets
Tangible assets	4		1,875		2,654
Current assets
Debtors: amounts falling due within one year	5	3,937		3,335
Cash at bank and in hand		71,391		122,305
		75,328		125,640
Creditors: amounts falling due within one year	6	(1,441)		(1,771)
Net current assets			73,887		123,869

Net assets			75,762		126,523

Capital and reserves
Called up share capital	20	20
Profit and loss account	75,742	126,503
	75,762	126,523

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BLAND WARBURTON CONSULTING LIMITED

REGISTERED NUMBER: 09310847

BALANCE SHEET (CONTINUED)

AS AT 30 NOVEMBER 2020

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 July 2021.

Peter S Bland

Director

The notes on pages 3 to 6 form part of these financial statements.

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BLAND WARBURTON CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

1.	General information

Bland Warburton Consulting Limited is a private limited company limited by shares, incorporated in England and Wales (registered number:09310847). Its registered office is 2 Ashgate Road, Chesterfield, Derbyshire, S40 4AA. The principal activity throughout the year continued to be that of financial consulting.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's functional and presentation currency is pound sterling.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

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BLAND WARBURTON CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

2.Accounting policies (continued)

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

25% Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 2 (2019 - 2).

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BLAND WARBURTON CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 December 2019	3,745
	At 30 November 2020	3,745
	Depreciation
	At 1 December 2019	1,091
	Charge for the year on owned assets	779
	At 30 November 2020	1,870
	Net book value
	At 30 November 2020	1,875
	At 30 November 2019	2,654

Debtors

					2020	2019
					£	£


Corporation tax recoverable	3,937	3,335
	3,937	3,335

6.	Creditors: Amounts falling due within one year
		2020	2019
		£	£

Other creditors	312	672
Accruals and deferred income	1,129	1,099
	1,441	1,771

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BLAND WARBURTON CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

7.	Pension commitments

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £40,000 (2019:£40,000).

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