Bonner & Hindley Marketing & PR Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03938518 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 December 2018

for

Bonner & Hindley Marketing & Public

Relations Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

15,490

2,920

15,490

2,920

CURRENT ASSETS

Debtors

6

98,040

98,510

Cash at bank

88,044

81,867

186,084

180,377

CREDITORS

Amounts falling due within one year

7

136,246

103,969

NET CURRENT ASSETS

49,838

76,408

TOTAL ASSETS LESS CURRENT LIABILITIES

65,328

79,328

PROVISIONS FOR LIABILITIES

1,643

541

NET ASSETS

63,685

78,787

CAPITAL AND RESERVES

Called up share capital

9

50

100

Capital redemption reserve

50

-

Retained earnings

63,585

78,687

SHAREHOLDERS' FUNDS

63,685

78,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 11 April 2019 and were signed by:

D Hindley - Director

1.	STATUTORY INFORMATION

Bonner & Hindley Marketing & Public Relations Limited is a private company, limited by shares ,

registered in England and Wales. The company's registered number and registered office address are

as below:

Registered number:

03938518

Registered office:

Unit 9 Acorn Business Park

Killingbeck Drive

Leeds

West Yorkshire

LS14 6UF

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102

"The Financial Reporting Standard applicable in UK and Republic of Ireland" and 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 have been prepared under the historical cost convention.

Turnover

Turnover from the supply of services represents the value of services provided under contracts to the

extent that there is a right to consideration and is recorded at the fair value of the consideration

received or receivable. Where a contract has only been partially completed at the balance sheet date

turnover represents the fair value of the service provided to date based on the stage of completion and

the contract activity at the balance sheet date. Where payments are received from customers in

advance of services provided, the amounts are recorded as deferred income and included as part of

creditors due within one year.

Goodwill

Goodwill arising on the acquisition of subsidiary undertakings and businesses, representing any

excess of fair value of the consideration given over the fair value of the identifiable assets and liabilities

acquired, is capitalised and written off on a straight line basis over its economic life, which is ten years.

Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at purchase cost, net of depreciation.

Depreciation is provided on all tangible assets at rates calculated to write off the cost less estimated

residual value of each asset over its expected useful life as follows:

Improvements to property

- 20% on cost

Fixtures and fittings

- 25% on cost

Computer equipment

- 25% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an

asset after deducting estimated costs of disposal, if the asset were already at an age and in the

condition expected at the end of its estimated useful life.

The gain or loss arising on the disposal of an asset is determined on the difference between the sale

proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

Taxation

Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered)

using the tax rates and laws that have been enacted or substantively enacted by the balance sheet

date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date where transactions or events that result in an obligation to pay more tax in the

future or a right to pay less tax in the future have occurred at the balance sheet date. Timing

differences are differences between the company's taxable profits and its results as stated in the

financial statements that arise from the inclusion of gains and losses in tax assessments in periods

different from those in which they are recognised in the financial statements. Deferred tax is measured

using the tax rates and laws that have been enacted or substantively enacted by the balance sheet

date and are expected to apply to the reversal of the timing difference.

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.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are

recognised when paid. Final equity dividends are recognised when approved by the shareholders at an

Annual General Meeting.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the

contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in

the assets of the company after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction

costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a

financing transaction, the financial asset or financial liability is measured at the present value of the

future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - trade debtors, cash

and bank balances and trade creditors.

Trade debtors, cash and bank balances and trade creditors are measured at the amortised cost

equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

Impairment of assets

Assets are assessed for indicators of impairment at each balance sheet date. If there is objective

evidence of impairment, an impairment loss is recognised in profit and loss as described below.

Non financial assets

An asset is impaired when there is objective evidence that, as a result of one or more events that

occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The

recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Financial assets

For financial assets carried at cost less impairment, the impairment loss is the difference between the

asset's carrying amount and the best estimate of the amount that would be received for the asset if it

were sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively

to an event occurring after the impairment was recognised, the prior impairment loss is tested to

determine reversal. An impairment loss is reversed on an individual impaired financial asset to the

extent that the revised recoverable value does not lead to a revised carrying amount higher than the

carrying value had the impairment loss not been recognised.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2017 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2018

and 31 December 2018

35,000

AMORTISATION

At 1 January 2018

and 31 December 2018

35,000

NET BOOK VALUE

At 31 December 2018

-

At 31 December 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

18,372

Additions

14,812

At 31 December 2018

33,184

DEPRECIATION

At 1 January 2018

15,452

Charge for year

2,242

At 31 December 2018

17,694

NET BOOK VALUE

At 31 December 2018

15,490

At 31 December 2017

2,920

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

90,388

84,098

Other debtors

7,652

14,412

98,040

98,510

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

11,356

-

Trade creditors

5,475

16,166

Taxation and social security

50,758

41,541

Other creditors

68,657

46,262

136,246

103,969

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

1,304

-

Between one and five years

2,609

-

3,913

-

9.	CALLED UP SHARE CAPITAL

2018

2017

£

£

Allotted, issued and fully paid

50

100

During the period the company repurchased 50 ordinary shares of £1 each for a consideration of

£35,000. These shares were cancelled upon repurchase and the nominal value, being £50 has been

transferred to the capital redemption reserve.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2018

and 31 December 2017:

2018

2017

£

£

D Hindley

Balance outstanding at start of year

619

1,249

Amounts advanced

580

2,977

Amounts repaid

(1,199

)

(3,607

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

619