Company Registration No. 00579002 (England and Wales)
BRYDEN JOHNSON PAYROLL SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
PAGES FOR FILING WITH REGISTRAR
BRYDEN JOHNSON PAYROLL SERVICES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
BRYDEN JOHNSON PAYROLL SERVICES LIMITED
BALANCE SHEET
AS AT 31 MARCH 2019
31 March 2019
- 1 -
2019
2018
Notes
£
£
£
£
Current assets
Debtors
3
30,942
82,346
Cash at bank and in hand
31,625
34,463
62,567
116,809
Creditors: amounts falling due within one year
4
(59,599)
(35,865)
Net current assets
2,968
80,944
Capital and reserves
Called up share capital
5
707
707
Profit and loss reserves
2,261
80,237
Total equity
2,968
80,944
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 19 December 2019 and are signed on its behalf by:
Mr N F K Johnson
Director
Company Registration No. 00579002
BRYDEN JOHNSON PAYROLL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
- 2 -
1
Accounting policies
Company information
Bryden Johnson Payroll Services Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Kings Parade, Lower Coombe Street, Croydon, Surrey, CR0 1AA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration receivable for services provided in the normal course of business
, and
is shown net of VAT
.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
25% Straight line method
1.4
Cash at bank and in hand
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
1.6
Taxation
The tax expense represents the sum of the tax currently payable
.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
BRYDEN JOHNSON PAYROLL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2019
1
Accounting policies
(Continued)
- 3 -
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2018 and 31 March 2019
12,193
Depreciation and impairment
At 1 April 2018 and 31 March 2019
12,193
Carrying amount
At 31 March 2019
-
At 31 March 2018
-
3
Debtors
2019
2018
Amounts falling due within one year:
£
£
Trade debtors
30,876
33,154
Other debtors
66
49,192
30,942
82,346
4
Creditors: amounts falling due within one year
2019
2018
£
£
Trade creditors
3,427
497
Amounts owed to group undertakings
37,000
-
Corporation tax
13,807
30,696
Other taxation and social security
5,365
4,672
59,599
35,865
BRYDEN JOHNSON PAYROLL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2019
- 4 -
5
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and not fully paid
640 Ordinary Shares of £1 each
640
640
67 Ordinary A, B, C, D, E & F Shares of 10p each
67
67
707
707
6
Related party transactions
During the year, a management charge of £145,113 (2018: £54,538 ) was charged by Bryden Johnson Ltd, N F K Johnson, S A Dorman and J K Wilding also are the directors of the company.