Toby Burnham Communications Limited - Period Ending 2018-02-28

Registration number: 08416311

Toby Burnham Communications Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2018

Toby Burnham Communications Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 5

Toby Burnham Communications Limited

(Registration number: 08416311)
Balance Sheet as at 28 February 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	4	-	547
Current assets
Debtors	5	36,842	50,065
Cash at bank and in hand		24,288	1,913
		61,130	51,978
Creditors: Amounts falling due within one year	6	(56,694)	(52,418)
Net current assets/(liabilities)		4,436	(440)
Net assets		4,436	107
Capital and reserves
Called up share capital		100	100
Profit and loss account		4,336	7
Total equity		4,436	107

For the financial year ending 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 27 February 2019 and signed on its behalf by:
 

.........................................

TE Burnham
Director

The notes on pages 2 to 5 form an integral part of these financial statements.

Page 1

Toby Burnham Communications Limited

Notes to the Financial Statements for the Year Ended 28 February 2018

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
31A Charnham Street
Hungerford
Berkshire
RG17 0EJ
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 2

Toby Burnham Communications Limited

Notes to the Financial Statements for the Year Ended 28 February 2018

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2017 - 2).

Page 3

Toby Burnham Communications Limited

Notes to the Financial Statements for the Year Ended 28 February 2018

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 March 2017	2,187	2,187
At 28 February 2018	2,187	2,187
Depreciation
At 1 March 2017	1,640	1,640
Charge for the year	547	547
At 28 February 2018	2,187	2,187
Carrying amount
At 28 February 2018	-	-
At 28 February 2017	547	547

5

Debtors

	2018 £	2017 £
Trade debtors	36,842	20,700
Other debtors	-	29,365
	36,842	50,065

6

Creditors

Creditors: amounts falling due within one year

	2018 £	2017 £
Due within one year
Trade creditors	1,663	-
Taxation and social security	52,240	48,660
Other creditors	2,791	3,758
	56,694	52,418

Page 4

Toby Burnham Communications Limited

Notes to the Financial Statements for the Year Ended 28 February 2018

7	Related party transactions

Other transactions with directors

During the year the directors made loans to and received loans from the company. At the balance sheet date the amount owed to the directors was £1,542. At 28th February 2017 the amount owed to the company was £29,364. Interest has been charged on the loans.

Page 5