Wyatt And Ackerman (Bristol) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04258874 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2019

FOR

WYATT AND ACKERMAN (BRISTOL) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

M Lewis

Mrs J M Lewis

SECRETARY:

Mrs J M Lewis

REGISTERED OFFICE:

30 North Street

Bedminster

Bristol

BS3 1HW

REGISTERED NUMBER:

04258874 (England and Wales)

ACCOUNTANTS:

PJE Chartered Accountants

2 Oakfield Road

Clifton

Bristol

BS8 2AL

FIXED ASSETS

Intangible assets

4

5,700

8,550

Tangible assets

5

2,201

2,749

7,901

11,299

CURRENT ASSETS

Stocks

100,202

106,565

Debtors

6

237,063

316,622

Cash at bank

517,885

271,176

855,150

694,363

CREDITORS

Amounts falling due within one year

7

271,758

168,531

NET CURRENT ASSETS

583,392

525,832

TOTAL ASSETS LESS CURRENT
LIABILITIES

591,293

537,131

PROVISIONS FOR LIABILITIES

418

522

NET ASSETS

590,875

536,609

CAPITAL AND RESERVES

Called up share capital

9

2

Retained earnings

590,873

536,607

SHAREHOLDERS' FUNDS

590,875

536,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 30 May 2020
and were signed on its behalf by:

M Lewis - Director

1.	STATUTORY INFORMATION

Wyatt And Ackerman (Bristol) Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. 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.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of

the goods have transferred to the buyer.

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

-

25% on cost and 10% on cost

Motor vehicles

-

25% on cost

Stocks

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

obsolete and slow moving items.

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 balance sheet date.

Deferred tax

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

the balance sheet 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.

Leased assets

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2018 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2018

and 31 July 2019

57,000

AMORTISATION

At 1 August 2018

48,450

Amortisation for year

2,850

At 31 July 2019

51,300

NET BOOK VALUE

At 31 July 2019

5,700

At 31 July 2018

8,550

Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 August 2018

and 31 July 2019

12,399

34,767

47,166

DEPRECIATION

At 1 August 2018

9,650

34,767

44,417

Charge for year

548

-

548

At 31 July 2019

10,198

34,767

44,965

NET BOOK VALUE

At 31 July 2019

2,201

-

2,201

At 31 July 2018

2,749

-

2,749

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

Trade debtors

234,606

194,117

Other debtors

2,457

2,539

Directors' loan accounts

-

119,966

237,063

316,622

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

Trade creditors

166,236

123,233

Tax

24,151

21,451

Social security and other taxes

798

1,446

VAT

14,271

14,994

Other creditors

444

1,628

Directors' loan accounts

59,820

-

Accrued expenses

6,038

5,779

271,758

168,531

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.7.19

31.7.18

£

Within one year

8,388

3,701

Between one and five years

12,575

800

20,963

4,501

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.19

31.7.18

value:

£

2

Ordinary

£1

2

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2019 and

31 July 2018:

31.7.19

31.7.18

£

M Lewis

Balance outstanding at start of year

59,983

-

Amounts advanced

-

59,983

Amounts repaid

(89,893

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(29,910

)

59,983

Mrs J M Lewis

Balance outstanding at start of year

59,983

-

Amounts advanced

-

59,983

Amounts repaid

(89,893

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(29,910

)

59,983

The maximum loan outstanding in respect of each director during the year was £59,983 (2018 -

£59,983). Interest was charged on the loans at 2.5% on overdrawn balances. At the year end the above

credit balances of £29,910 were extant on each director's account with the company.

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Directors are not required to be filed with the

Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Wyatt And Ackerman (Bristol) Ltd for the year ended 31 July 2019

which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes

from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Wyatt And Ackerman (Bristol) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wyatt And Ackerman (Bristol) Ltd and state those matters that we have agreed to state to the Board of Directors of Wyatt And Ackerman (Bristol) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wyatt And Ackerman (Bristol) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wyatt And Ackerman (Bristol) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wyatt And Ackerman (Bristol) Ltd. You consider that Wyatt And Ackerman (Bristol) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wyatt And Ackerman (Bristol) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

PJE Chartered Accountants

2 Oakfield Road

Clifton

Bristol

BS8 2AL

30 May 2020