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Unaudited Financial Statements for the Year Ended 30 November 2017 |
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RAYMOND BEER & CO LIMITED |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 November 2017 |
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for |
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RAYMOND BEER & CO LIMITED |
RAYMOND BEER & CO LIMITED (REGISTERED NUMBER: 04831115) |
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Contents of the Financial Statements |
for the Year Ended 30 November 2017 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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RAYMOND BEER & CO LIMITED |
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Company Information |
for the Year Ended 30 November 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
30 Star Hill |
Rochester |
Kent |
ME1 1XB |
RAYMOND BEER & CO LIMITED (REGISTERED NUMBER: 04831115) |
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Statement of Financial Position |
30 November 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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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. |
RAYMOND BEER & CO LIMITED (REGISTERED NUMBER: 04831115) |
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Statement of Financial Position - continued |
30 November 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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RAYMOND BEER & CO LIMITED (REGISTERED NUMBER: 04831115) |
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Notes to the Financial Statements |
for the Year Ended 30 November 2017 |
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1. | STATUTORY INFORMATION |
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Raymond Beer & Co Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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The financial statements relate to the individual entity only. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net invoiced sales of services excluding value added tax. |
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Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, has been |
amortised over its estimated useful life of 10 years. |
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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. |
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Tangible fixed assets |
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Improvements to leasehold premises | - |
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Office equipment | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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At each Statement of Financial Position date, the company reviews the carrying amount of its tangible |
fixed assets to determine whether there is any indication that any items have suffered an impairment |
loss. If any such indication exists, the recoverable amount of an asset is estimated in order to |
determine the extent of the impairment loss, if any. |
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Financial instruments |
The Company only enters into basic financial instruments that result in the recognition of financial |
assets and liabilities such as trade and other debtors and creditors. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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RAYMOND BEER & CO LIMITED (REGISTERED NUMBER: 04831115) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2017 |
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2. | ACCOUNTING POLICIES - continued |
Deferred taxation |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the statement of financial position date. |
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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. |
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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. |
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Operating leases |
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership |
remain with the lessor are charged to profit and loss account as incurred. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
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COST |
At 1 December 2016 |
and 30 November 2017 |
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AMORTISATION |
At 1 December 2016 |
and 30 November 2017 |
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NET BOOK VALUE |
At 30 November 2017 |
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At 30 November 2016 |
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RAYMOND BEER & CO LIMITED (REGISTERED NUMBER: 04831115) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2017 |
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5. | TANGIBLE FIXED ASSETS |
Improvements |
to | Fixtures |
leasehold | Office | and | Computer |
premises | equipment | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 December 2016 |
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Additions |
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At 30 November 2017 |
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DEPRECIATION |
At 1 December 2016 |
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Charge for year |
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At 30 November 2017 |
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NET BOOK VALUE |
At 30 November 2017 |
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At 30 November 2016 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Corporation tax |
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Social security and other taxes |
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VAT | 20,165 | 22,253 |
Client monies held | 2,200,432 | 988,757 |
Directors' current accounts | 316 | 316 |
Accruals and deferred income |
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8. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2017 | 2016 |
£ | £ |
Within one year |
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Between one and five years |
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