|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MAY 2018 |
|
FOR |
|
ALISTAIR BURROUGHS DESIGN PARTNERSHIP |
LIMITED |
T/A |
BURROUGHS |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MAY 2018 |
|
FOR |
|
ALISTAIR BURROUGHS DESIGN PARTNERSHIP |
LIMITED |
T/A |
BURROUGHS |
ALISTAIR BURROUGHS DESIGN PARTNERSHIP |
LIMITED (REGISTERED NUMBER: 02256733) |
T/A BURROUGHS |
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2018 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
ALISTAIR BURROUGHS DESIGN PARTNERSHIP |
LIMITED |
T/A BURROUGHS |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MAY 2018 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
5 Ash Tree Court |
Woodsy Close |
Cardiff Gate Business Park |
Cardiff |
CF23 8RW |
ALISTAIR BURROUGHS DESIGN PARTNERSHIP |
LIMITED (REGISTERED NUMBER: 02256733) |
T/A BURROUGHS |
|
BALANCE SHEET |
31 MAY 2018 |
|
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Debtors | 5 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
ALISTAIR BURROUGHS DESIGN PARTNERSHIP |
LIMITED (REGISTERED NUMBER: 02256733) |
T/A BURROUGHS |
|
BALANCE SHEET - continued |
31 MAY 2018 |
|
|
|
|
|
|
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. |
|
|
|
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 on
its behalf by: |
|
|
|
|
|
|
|
ALISTAIR BURROUGHS DESIGN PARTNERSHIP |
LIMITED (REGISTERED NUMBER: 02256733) |
T/A BURROUGHS |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2018 |
|
|
1. | STATUTORY INFORMATION |
|
Alistair Burroughs Design Partnership Limited is a
|
England and Wales. The company's registered number and registered office address can be found on |
the Company Information page. |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover represents the fair value of services provided during the year on client assignments. |
Turnover is recognised as contract activity progresses and the right to consideration earned. |
|
In respect of long-term contracts and contracts for ongoing services, turnover represents the value of |
work done in the year, including estimates of amounts not invoiced and adjusted for those invoiced but |
relating to next year, and is recognised by reference to the stage of project completion. |
|
Tangible fixed assets |
|
Plant and machinery | - |
|
Fixtures and fittings | - |
|
|
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. |
ALISTAIR BURROUGHS DESIGN PARTNERSHIP |
LIMITED (REGISTERED NUMBER: 02256733) |
T/A BURROUGHS |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2018 |
|
|
2. | ACCOUNTING POLICIES - continued |
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
period of the lease. |
|
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets |
and depreciated over the shorter of the lease term and their useful lives. Obligations under such |
agreements are included in creditors net of the finance charge allocated to future periods. The finance |
element of the rentals payment is charged to the profit nad loss account so as to produce constant |
periodic rates of charge on the net obligations outstanding in each period. |
|
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
|
|
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and |
machinery | fittings | Totals |
£ | £ | £ |
COST |
At 1 June 2017 |
|
|
|
Additions |
|
|
|
At 31 May 2018 |
|
|
|
DEPRECIATION |
At 1 June 2017 |
|
|
|
Charge for year |
|
|
|
At 31 May 2018 |
|
|
|
NET BOOK VALUE |
At 31 May 2018 |
|
|
|
At 31 May 2017 |
|
|
|
|
Tangible fixed assets above include assets held under finance leases or hire purchase contracts. The |
net book value of assets held under such agreements and carried forward in the above is £34,646 |
(2017 - £38,890) and depreciation has been charged for the year relating to assets on hire purchase of |
£13,016 (2017 - £10,046) |
ALISTAIR BURROUGHS DESIGN PARTNERSHIP |
LIMITED (REGISTERED NUMBER: 02256733) |
T/A BURROUGHS |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2018 |
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
|
|
Amounts recoverable on contracts |
|
|
Prepayments |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Finance leases |
|
|
Trade creditors |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
VAT | 281,337 | 127,826 |
Other creditors |
|
|
Accruals and deferred income |
|
|
|
|
|
7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2018 | 2017 |
£ | £ |
Finance leases |
|
|
|
8. | FINANCIAL COMMITMENTS |
|
The company had total commitments at the balance sheet date of £741 (2017 - £969) |
|
9. | RELATED PARTY DISCLOSURES |
|
During the year, the following transactions took place with Burroughs Stewart Associates Limited (BSA |
Ltd), a company under common control: |
|
Sales made to BSA Ltd: £579,367 (2017 - £289,945) |
Provision for bad debts written off to Income Statement in the year: £nil (2017 - £550) |
Amounts owed by BSA Ltd at Balance Sheet date (net of bad debt provision): £159,838 (2017 - |
£134,558) |
|
Sub-consultancy fees charged by BSA Ltd: £16,096 (2017 - £3,394) |
Amounts owed to BSA Ltd at Balance Sheet date: £27,723 (2017 - £11,802) |