Company Registration No. 04311222 (England and Wales)
BJ CUNNINGHAM LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2020
PAGES FOR FILING WITH REGISTRAR
BJ CUNNINGHAM LIMITED
CONTENTS
- 1 -
Page
Balance sheet
2 - 3
Notes to the financial statements
4 - 6
BJ CUNNINGHAM LIMITED
BALANCE SHEET
AS AT 31 OCTOBER 2020
31 October 2020
- 2 -
2020
2019
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,117
2,467
Current assets
Debtors
72,758
43,081
Cash at bank and in hand
151
116
72,909
43,197
Creditors: amounts falling due within one year
4
(67,948)
(79,243)
Net current assets/(liabilities)
4,961
(36,046)
Total assets less current liabilities
9,078
(33,579)
Creditors: amounts falling due after more than one year
(49,205)
Net liabilities
(40,127)
(33,579)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(40,128)
(33,580)
Total equity
(40,127)
(33,579)
In accordance with section 444 of the Companies Act 2006 all
of
the members of the company have consented to the
preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (S.I. 2008/409)(b).
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 October 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his 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.
BJ CUNNINGHAM LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2020
31 October 2020
- 3 -
The financial statements were approved and signed by the director and authorised for issue on 19 July 2021
Mr J A Cunningham
Director
Company Registration No. 04311222
BJ CUNNINGHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2020
- 4 -
1
Accounting policies
Company information
BJ Cunningham Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
.
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 £.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
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:
Computers
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
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.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
1.5
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation
in the period
are included in profit or loss.
BJ CUNNINGHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2020
- 5 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2020
2019
Number
Number
Total
1
1
3
Tangible fixed assets
Total
£
Cost
At 1 November 2019
29,875
Additions
2,841
At 31 October 2020
32,716
Depreciation and impairment
At 1 November 2019
27,408
Depreciation charged in the year
1,191
At 31 October 2020
28,599
Carrying amount
At 31 October 2020
4,117
At 31 October 2019
2,467
4
Creditors: amounts falling due within one year
2020
2019
£
£
Bank loans and overdrafts
2,779
13,548
Trade creditors
3,644
14,259
Corporation tax
1,983
Other taxation and social security
7,302
13,804
Other creditors
54,223
35,649
67,948
79,243
5
Related party transactions
The company
is owed £3,297 from Et In Arcadia Ego Limited
, of which Mr J A Cunningham is
also a
director
.
BJ CUNNINGHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2020
- 6 -
6
Directors' transactions
Dividends totalling £0 (2019 - £0) were paid in the year in respect of shares held by the company's directors.
Description
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Mr J A Cunningham -
27,176
25,046
(8,667)
43,555
27,176
25,046
(8,667)
43,555