Stuart F Beesley & Co Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05874687 (England and Wales)

STUART F BEESLEY & CO LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

S F Beesley

SECRETARY:

Mrs C A Beesley

REGISTERED OFFICE:

The Exchange

5 Bank Street

Bury

Lancashire

BL9 0DN

REGISTERED NUMBER:

05874687 (England and Wales)

ACCOUNTANTS:

DTE Business Advisers Limited

Chartered Accountants

The Exchange

5 Bank Street

Bury

BL9 0DN

BANKERS:

Lloyds Bank plc

53 King Street

Manchester

M60 2ES

SOLICITORS:

Temperley Taylor

Suffield House

Middleton Gardens

Manchester

M24 4EL

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

4,287

5,372

4,287

5,372

CURRENT ASSETS

Debtors

6

55,359

54,151

Cash at bank

5,437

6,218

60,796

60,369

CREDITORS

Amounts falling due within one year

7

(49,104

)

(52,228

)

NET CURRENT ASSETS

11,692

8,141

TOTAL ASSETS LESS CURRENT LIABILITIES

15,979

13,513

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

15,879

13,413

SHAREHOLDERS' FUNDS

15,979

13,513

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 26 April 2018 and were signed by:

S F Beesley - Director

1.	STATUTORY INFORMATION

Stuart F Beesley & Co Limited is a private company, limited by shares, registered in England and Wales. The

company's registered number is 05874687 and the registered office address is The Exchange, 5 Bank Street,

Bury, BL9 0DN.

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 company has transitioned to Financial Reporting Standard 102 and the Companies Act 2006 from UK

Generally Accepted Accounting Practice. The date of transition to FRS 102 was 1 August 2015. There have not

been any changes to the comparative figures as a result of the transition.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make estimates and

judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ

from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which

the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying

amount of assets and liabilities are outlined below.

Estimating the useful economic life of an asset and the anticipated residual value are considered key judgement

in calculating an appropriate depreciation charge.

Making judgement based on historical experience on the level of provision required for bad debts. Further

information received after the statement of financial position date may impact on the level of provision required.

Revenue

Revenue represents amounts chargeable to clients for professional services provided during the year, inclusive of

direct expenses incurred on client assignments but excluding value added tax. Revenue is recognised when a

right to consideration has been obtained through performance under each contract. Consideration accrues as

contract activity progresses by reference to the value of the work performed. Revenue is not recognised where

the right to receive payment is contingent on events outside the control of the company.

Unbilled revenue is included in debtors as 'Amounts recoverable on contracts'.

Goodwill

Goodwill, being the amount introduced in connection with the transfer of a business in 2006, is being amortised

evenly over its estimated useful life of ten years.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

The residual values, estimated useful lives and depreciation method of property, plant and equipment are

reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision

are recognised in the income statement when the change arises.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

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

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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 profits.

Leasing commitments

Rentals paid under operating leases are charged to the income statement 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 the income statement in the period to which they relate.

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 accounts receivable and payable, loans from banks and other third

parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for

objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised

in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost,

being the transaction price less any amounts settled.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2016

and 31 July 2017

123,490

AMORTISATION

At 1 August 2016

and 31 July 2017

123,490

NET BOOK VALUE

At 31 July 2017

-

At 31 July 2016

-

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 August 2016

and 31 July 2017

30,681

DEPRECIATION

At 1 August 2016

25,309

Charge for year

1,085

At 31 July 2017

26,394

NET BOOK VALUE

At 31 July 2017

4,287

At 31 July 2016

5,372

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

51,687

52,815

Other debtors

3,672

1,336

55,359

54,151

Client monies

During the current and previous year the company, as part of the trading activities, has held client money in

accordance with the rules of The Royal Institution of Chartered Surveyors. Neither the asset nor the liability are

reflected in these financial statements.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

4,088

6,034

Taxation and social security

40,416

40,557

Other creditors

4,600

5,637

49,104

52,228