ACCOUNTS - Final Accounts


Caseware UK (AP4) 2016.0.181 2016.0.1812018-03-312018-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseThe principal activity of the company is that of consultancy.false2017-04-01061800562017-04-012018-03-31061800562016-04-012017-03-31061800562018-03-31061800562017-03-3106180056 c:Director1 2017-04-012018-03-3106180056 d:FurnitureFittings 2017-04-012018-03-3106180056 d:FurnitureFittings 2018-03-3106180056 d:FurnitureFittings 2017-03-3106180056 d:FurnitureFittings d:OwnedOrFreeholdAssets 2017-04-012018-03-3106180056 d:OfficeEquipment 2017-04-012018-03-3106180056 d:OfficeEquipment 2018-03-3106180056 d:OfficeEquipment 2017-03-3106180056 d:OfficeEquipment d:OwnedOrFreeholdAssets 2017-04-012018-03-3106180056 d:OwnedOrFreeholdAssets 2017-04-012018-03-3106180056 d:CurrentFinancialInstruments 2018-03-3106180056 d:CurrentFinancialInstruments 2017-03-3106180056 d:CurrentFinancialInstruments d:WithinOneYear 2018-03-3106180056 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-3106180056 d:ShareCapital 2018-03-3106180056 d:ShareCapital 2017-03-3106180056 d:RetainedEarningsAccumulatedLosses 2018-03-3106180056 d:RetainedEarningsAccumulatedLosses 2017-03-3106180056 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2018-03-3106180056 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2017-03-3106180056 c:FRS102 2017-04-012018-03-3106180056 c:AuditExempt-NoAccountantsReport 2017-04-012018-03-3106180056 c:AbridgedAccounts 2017-04-012018-03-3106180056 c:PrivateLimitedCompanyLtd 2017-04-012018-03-31iso4217:GBPxbrli:pure

Registered number: 06180056









BAUCHER & CO LIMITED








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018


 
BAUCHER & CO LIMITED
REGISTERED NUMBER:06180056

BALANCE SHEET
AS AT 31 MARCH 2018

2018
2017
Note
£
£

Fixed assets
  

Tangible assets
 4 
812
1,082

  
812
1,082

Current assets
  

Debtors
  
61,753
32,798

Cash at bank and in hand
  
6,668
2,379

  
68,421
35,177

Creditors: amounts falling due within one year
 7 
(20,032)
(19,032)

Net current assets
  
 
 
48,389
 
 
16,145

Total assets less current liabilities
  
49,201
17,227

Net assets
  
49,201
17,227


Capital and reserves
  

Called up share capital 
  
120
120

Profit and loss account
  
49,081
17,107

  
49,201
17,227


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 26 July 2018.

N G J Baucher
Director
The notes on pages 3 to 7 form part of these financial statements.
Page 1


 
BAUCHER & CO LIMITED
REGISTERED NUMBER:06180056
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2018


Page 2


 
BAUCHER & CO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1.


General information

The Company is incorporated in England and Wales and is limited by shares.  The registered office is located at Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA. 
The Company's principal activity throughout the period continued to be that of property consultancy.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
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.

Page 3


 
BAUCHER & CO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25%
Reducing balance
Office equipment
-
25%
Reducing balance

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. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, 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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Financial instruments

The Company only enters into basic financial instrument 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, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Page 4


 
BAUCHER & CO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

2.Accounting policies (continued)

 
2.7

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

 
2.9

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.10

Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2017 - 3).

Page 5


 
BAUCHER & CO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

4.


Tangible fixed assets





Fixtures & fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2017
7,406
2,846
10,252



At 31 March 2018

7,406
2,846
10,252



Depreciation


At 1 April 2017
6,665
2,505
9,170


Charge for the year on owned assets
185
85
270



At 31 March 2018

6,850
2,590
9,440



Net book value



At 31 March 2018
556
256
812



At 31 March 2017
741
341
1,082


5.


Debtors

2018
2017
£
£


Trade debtors
-
3,298

Other debtors
61,753
29,500

61,753
32,798



6.


Cash and cash equivalents

2018
2017
£
£

Cash at bank and in hand
6,668
2,379

6,668
2,379


Page 6


 
BAUCHER & CO LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

7.


Creditors: Amounts falling due within one year

2018
2017
£
£

Corporation tax
9,518
8,392

Other creditors
8,341
8,467

Accruals and deferred income
2,173
2,173

20,032
19,032



8.


Financial instruments

2018
2017
£
£

Financial assets


Financial assets measured at fair value through profit or loss
6,668
2,379

6,668
2,379





Financial assets measured at fair value through profit or loss comprise cash.


9.


Related party transactions

The directors, Mr J M Baucher and Mr N G J Baucher, are also directors and shareholders in Tears for Tigers Limited, a company incorporated in England and Wales.
During the year, the company issued a loan to Tears for Tigers Limited amounting to £2,233 (2017 - £10,000).
At the year end there was an outstanding amount of £31,733 (2017 - £29,500) and is included in other
debtors.


10.


Controlling party

The company was controlled throughout the current and previous period by its directors, Mr N G J Baucher and Mrs A C Baucher, by virtue of the fact that between them they own all of the company’s ordinary issued share capital.

 
Page 7