BLUE ANCHOR ASSOCIATES LIMITED - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05235624 (England and Wales)

BLUE ANCHOR ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2017

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mr J R Brownsdon

Mrs M Brownsdon

SECRETARY:

Mrs M Brownsdon

REGISTERED OFFICE:

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

REGISTERED NUMBER:

05235624 (England and Wales)

ACCOUNTANTS:

JSA Services Limited

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

FIXED ASSETS

Tangible assets

5

1,175

229

CURRENT ASSETS

Debtors

6

4,019

3,309

Cash at bank

15,730

26,998

19,749

30,307

CREDITORS

Amounts falling due within one year

7

16,216

21,518

NET CURRENT ASSETS

3,533

8,789

TOTAL ASSETS LESS CURRENT LIABILITIES

4,708

9,018

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

4,706

9,016

SHAREHOLDERS' FUNDS

4,708

9,018

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 30 October 2017 and were signed on its behalf by:

Mr J R Brownsdon - Director

1.	STATUTORY INFORMATION

BLUE ANCHOR ASSOCIATES 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.	STATEMENT OF COMPLIANCE

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.

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.

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 fittings

-

33% on cost

Computer equipment

-

33% on cost

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 2 .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 February 2016

1,793

5,362

7,155

Additions

1,103

660

1,763

At 31 January 2017

2,896

6,022

8,918

DEPRECIATION

At 1 February 2016

1,793

5,133

6,926

Charge for year

368

449

817

At 31 January 2017

2,161

5,582

7,743

NET BOOK VALUE

At 31 January 2017

735

440

1,175

At 31 January 2016

-

229

229

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

2,698

3,309

Directors' current accounts

471

-

Prepayments and accrued income

850

-

4,019

3,309

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Corporation tax

11,509

14,179

PAYE/NI control

290

197

VAT

4,417

6,616

Directors' current accounts

-

526

16,216

21,518

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Retained

earnings

£

At 1 February 2016

9,016

Profit for the year

46,690

Dividends

(51,000

)

At 31 January 2017

4,706

10.	PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from

those of the company in an independently administered fund. The pension cost charge represents contributions

payable by the company to the fund and amounted to £12,000 (2016 - £12,000).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2017 and

31 January 2016:

2017

2016

£

£

Mr J R Brownsdon

Balance outstanding at start of year

(312

)

922

Amounts advanced

19,192

21,032

Amounts repaid

(18,409

)

(22,266

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

471

(312

)