B J Hammond & Co Ltd - Filleted accounts

B J Hammond & Co Ltd - Filleted accounts

B J HAMMOND & CO LIMITED - Company Information

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Registered number
07384069
B J Hammond & Co Ltd
Filleted Accounts
30 September 2018
B J Hammond & Co Ltd
Registered number: 07384069
Balance Sheet
as at 30 September 2018
Notes 2018 2017
£ £
Fixed assets
Intangible assets 3 23,112 28,890
Current assets
Debtors 5 9,650 12,471
Cash at bank and in hand 28,834 10,368
38,484 22,839
Creditors: amounts falling due within one year 6 (56,730) (51,064)
Net current liabilities (18,246) (28,225)
Net assets 4,866 665
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,766 565
Shareholder's funds 4,866 665
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B Hammond
Director
Approved by the board on 13 March 2019
B J Hammond & Co Ltd
Notes to the Accounts
for the year ended 30 September 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2018 2017
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2017 50,000
At 30 September 2018 50,000
Amortisation
At 1 October 2017 21,110
Provided during the year 5,778
At 30 September 2018 26,888
Net book value
At 30 September 2018 23,112
At 30 September 2017 28,890
Goodwill is being written off in equal annual instalments over its estimated economic life of 15 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2017 1,686
At 30 September 2018 1,686
Depreciation
At 1 October 2017 1,686
At 30 September 2018 1,686
Net book value
At 30 September 2018 -
5 Debtors 2018 2017
£ £
Trade debtors 9,454 12,094
Other debtors 196 377
9,650 12,471
6 Creditors: amounts falling due within one year 2018 2017
£ £
Trade creditors - 59
Corporation tax 5,677 7,168
Other taxes and social security costs 4,743 3,334
Other creditors 46,310 40,503
56,730 51,064
7 Other information
B J Hammond & Co Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite FF2
Heybridge business centre
Maldon
Essex
CM9 4PD
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