Beacroft & Beacroft Private Client Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08534011 (England and Wales)

BEACROFT & BEACROFT PRIVATE CLIENT LTD

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R C Beacroft

Mrs V J Beacroft

REGISTERED OFFICE:

Mount Manor House

16 The Mount

Guildford

Surrey

GU2 4HN

REGISTERED NUMBER:

08534011 (England and Wales)

CURRENT ASSETS

Stocks

468,215

391,659

Debtors

500,111

416,513

Cash at bank

22,060

21,654

990,386

829,826

CREDITORS

Amounts falling due within one year

(25,527

)

(13,900

)

NET CURRENT ASSETS

964,859

815,926

TOTAL ASSETS LESS CURRENT
LIABILITIES

964,859

815,926

CREDITORS

Amounts falling due after more than one
year

(831,136

)

(694,039

)

NET ASSETS

133,723

121,887

CAPITAL AND RESERVES

Called up share capital

2

80

Profit and loss account

133,643

121,807

SHAREHOLDERS' FUNDS

133,723

121,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 February 2017 and were signed on
its behalf by:

R C Beacroft - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover on projects is recognised as the project progresses. Turnover earned but unbilled at the year

end is included within accrued income. Turnover in respect of consultancy is recognised in the period

to which the consultancy relates.

Stocks

Work in progress is valued at the lower of cost and net realisable value. Cost includes purchase price

and all other directly attributable costs. Net realisable value is calculated as the estimated selling price

less associated selling costs.

Taxation

Current tax is measured at amounts expected to be paid using the tax rates and laws that have been

enacted or substantially enacted by the balance sheet date.

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

the balance sheet date, except that the recognition of deferred tax assets is limited to the extent that

the company anticipates making sufficient taxable profits in the future to absorb the reversal of the

underlying timing differences.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

80

Ordinary 'A' shares

1

80