Berkshire Pest Control Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05700136 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

BERKSHIRE PEST CONTROL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A J Minter

REGISTERED OFFICE:

PESTUK Suite 9, C/o Access Storage

62 Portman Road

Reading

Berkshire

RG30 1EA

REGISTERED NUMBER:

05700136 (England and Wales)

ACCOUNTANTS:

Wilkins Kennedy LLP

Griffins Court

24-32 London Road

Newbury

Berkshire

RG14 1JX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

13,953

15,047

13,953

15,047

CURRENT ASSETS

Stocks

3,450

3,300

Debtors

6

199,952

27,861

Cash at bank and in hand

109,483

165,040

312,885

196,201

CREDITORS

Amounts falling due within one year

7

160,007

111,583

NET CURRENT ASSETS

152,878

84,618

TOTAL ASSETS LESS CURRENT LIABILITIES

166,831

99,665

PROVISIONS FOR LIABILITIES

2,579

2,134

NET ASSETS

164,252

97,531

CAPITAL AND RESERVES

Called up share capital

8

125

108

Share premium

4,862

1,556

Retained earnings

159,265

95,867

SHAREHOLDERS' FUNDS

164,252

97,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 director on 12 July 2017 and were signed by:

A J Minter - Director

1.	STATUTORY INFORMATION

Berkshire Pest Control 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements are presented in sterling which is the functional currency of the company and rounded to the

nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies

have been consistently applied to all years presented unless otherwise stated.

Significant judgements and estimates

The preparation of financial statements requires management to make judgements, estimates and assumptions that affect

the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and

expenses during the period. However, the nature of estimation means that actual outcomes could differ from those

estimates. The following judgements (apart from those involving estimates) have had the most significant effect on amounts

recognised in the financial statements.

Revenue recognition

The key judgement made by management in respect of revenue is the point at which that revenue should be recognised.

Management consider the underlying contract terms and conclude upon the most appropriate point of the cycle at which

to recognise revenue based upon these terms and in particular where the risks and rewards of ownership transfer.

Tangible Fixed Assets

Tangible fixed assets are depreciation over their useful lives taking into account residual values, where appropriate. The

actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. Residual

value assessments consider issues such as the remaining life of the asset and projected disposal values.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from disinfecting and exterminating is recognised by

reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the

completion of the disinfectant and extermination period.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised

that are recoverable.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten 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

-

33% on reducing balance and 20% on reducing balance

Stocks

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

items.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or

past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of

current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing

differences are differences between taxable profits and total comprehensive income as stated in the financial statements

that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are

recognised in the financial statements. 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

profit.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet

date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible

fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet

date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

Exchange differences are taken into account in arriving at the operating result.

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.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date.

If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared

to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in

profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions

Provisions are recognised when the company has a legal or constructive obligation at the report date as a result of a past

event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be

reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Short-term employee benefits

Short-term employee benefits are recognised as an expense in the period in which they are incurred.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction

price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2016

and 28 February 2017

68,000

AMORTISATION

At 1 March 2016

and 28 February 2017

68,000

NET BOOK VALUE

At 28 February 2017

-

At 29 February 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2016

44,723

Additions

7,370

Disposals

(8,995

)

At 28 February 2017

43,098

DEPRECIATION

At 1 March 2016

29,676

Charge for year

7,821

Eliminated on disposal

(8,352

)

At 28 February 2017

29,145

NET BOOK VALUE

At 28 February 2017

13,953

At 29 February 2016

15,047

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/17

29/2/16

£

£

Trade debtors

98,513

26,257

Amounts owed by group undertakings

100,000

-

Other debtors

1,439

1,604

199,952

27,861

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/17

29/2/16

£

£

Trade creditors

12,248

39,710

Taxation and social security

96,012

55,058

Other creditors

51,747

16,815

160,007

111,583

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28/2/17

29/2/16

value:

£

£

NIL

Ordinary

£1

-

108

100

Ordinary A

£1

100

-

25

Ordinary B

£1

25

-

125

108

17 Ordinary shares of £1 each were allotted as fully paid at a premium of £194.49 per share during the year.

During the year 125 Ordinary shares were reclassified as 100 Ordinary A shares and 25 Ordinary B shares.

EMI share options were granted in December 2013 for a period of 10 years to one member of staff (not a director), all of

these shares have been exercised at the balance sheet date.

9.	RELATED PARTY DISCLOSURES

Information about related party transactions and outstanding balances is outlined below:

During the year remuneration to key management totalled £13,833 (2016 - £16,066).

During the year dividends paid to the shareholders totalled £94,208 (2016 - £98,010).

At the year end the company was owed £100,000 (2016 : Nil) from it's parent company.

10.	FIRST YEAR ADOPTION

This is the first year that the Company has presented its financial statements under Financial Reporting Standard 102

Section 1A (FRS 102) issued by the Financial Reporting Council. The last financial statements prepared under the previous

UK GAAP were for the year ended 31 December 2015 and the date of transition was therefore 1 March 2015. As a

consequence of adopting FRS 102 the Directors are of the opinion that no changes need to be made upon transition to this

accounting standard as the effect of any changes are not material.