ACCOUNTS - Final Accounts preparation

ALASTAIR BULLOCK DESIGN LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-03-312017-03-31truetrueNo description of principal activityfalse2016-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07001749 2016-04-01 2017-03-31 07001749 2015-04-01 2016-03-31 07001749 2017-03-31 07001749 2016-03-31 07001749 c:Director1 2016-04-01 2017-03-31 07001749 c:Director2 2016-04-01 2017-03-31 07001749 d:ComputerEquipment 2016-04-01 2017-03-31 07001749 d:ComputerEquipment 2017-03-31 07001749 d:ComputerEquipment d:OwnedOrFreeholdAssets 2016-04-01 2017-03-31 07001749 d:CurrentFinancialInstruments 2017-03-31 07001749 d:CurrentFinancialInstruments 2016-03-31 07001749 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 07001749 d:CurrentFinancialInstruments d:WithinOneYear 2016-03-31 07001749 d:ShareCapital 2017-03-31 07001749 d:ShareCapital 2016-03-31 07001749 d:RetainedEarningsAccumulatedLosses 2017-03-31 07001749 d:RetainedEarningsAccumulatedLosses 2016-03-31 07001749 c:FRS102 2016-04-01 2017-03-31 07001749 c:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 07001749 c:FullAccounts 2016-04-01 2017-03-31 07001749 c:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 iso4217:GBP xbrli:pure

Registered number: 07001749

ALASTAIR BULLOCK DESIGN LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

ALASTAIR BULLOCK DESIGN LIMITED

REGISTERED NUMBER: 07001749

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2017

		2017		2016
Note		£		£

Fixed assets
Tangible assets	4		829		-
			829		-
Current assets
Debtors: amounts falling due within one year	5	7,760		7,095
Bank and cash balances		54,788		22,532
		62,548		29,627
Creditors: amounts falling due within one year	6	(34,827)		(30,208)
Net current assets/(liabilities)			27,721		(581)
Total assets less current liabilities			28,550		(581)

Net assets/(liabilities)			28,550		(581)

Capital and reserves
Called up share capital	100	100
Profit and loss account	28,450	(681)
	28,550	(581)

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 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 13 December 2017.

A J Bullock	S M Bullock
Director	Director

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ALASTAIR BULLOCK DESIGN LIMITED

REGISTERED NUMBER: 07001749

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2017

The notes on pages 3 to 5 form part of these financial statements.

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ALASTAIR BULLOCK DESIGN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

1.	General information

Alastair Bullock Design Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is Regina House, 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared 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.

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:
Design Services
The Company recognises revenue from design services over the period in which the services are provided.

2.3

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:

Computer equipment

33%

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 the statement of income and retained earnings.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

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ALASTAIR BULLOCK DESIGN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

2.Accounting policies (continued)

2.6

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

2.7

Creditors

Short term creditors are measured at the transaction price.

Employees

The average monthly number of employees, including directors, during the year was 2 (2016 - 2).

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	Additions	915
	At 31 March 2017	915
	Depreciation
	Charge for the year on owned assets	86
	At 31 March 2017	86
	Net book value
	At 31 March 2017	829
	At 31 March 2016	-

Debtors

					2017	2016
					£	£


Trade debtors	7,760	7,095
	7,760	7,095

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ALASTAIR BULLOCK DESIGN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

6.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Corporation tax	23,613	21,952
Other taxation and social security	7,771	4,613
Other creditors	443	643
Accruals and deferred income	3,000	3,000
	34,827	30,208

7.	Related party transactions
	At the statement of financial position date, the company owed £443 (2016: £643) to the directors.

8.	Controlling party

The company is under the control of the directors by virtue of their shareholdings.

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