Built Environment Reality Capture Ltd - Accounts to registrar (filleted) - small 18.2

Built Environment Reality Capture Ltd - Accounts to registrar (filleted) - small 18.2

BUILT ENVIRONMENT REALITY CAPTURE LIMITED - Company Information

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REGISTERED NUMBER: 11090214 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

30 NOVEMBER 2017 TO 31 MARCH 2019

FOR

BUILT ENVIRONMENT REALITY CAPTURE LTD
BUILT ENVIRONMENT REALITY CAPTURE LTD (REGISTERED NUMBER: 11090214)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 NOVEMBER 2017 TO 31 MARCH 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUILT ENVIRONMENT REALITY CAPTURE LTD

COMPANY INFORMATION
FOR THE PERIOD 30 NOVEMBER 2017 TO 31 MARCH 2019







DIRECTORS: K Pallas
CP Hill
AJ Morley





REGISTERED OFFICE: Multivista B.10
27-31 Clerkenwell Close
London
EC1R 0AT





REGISTERED NUMBER: 11090214 (England and Wales)
Page 1
BUILT ENVIRONMENT REALITY CAPTURE LTD (REGISTERED NUMBER: 11090214)

BALANCE SHEET
31 MARCH 2019

Notes £    £   
FIXED ASSETS
Intangible assets 4 137,513
Tangible assets 5 22,689
160,202

CURRENT ASSETS
Debtors 6 388,344
Cash at bank 204,172
592,516
CREDITORS
Amounts falling due within one year 7 528,332
NET CURRENT ASSETS 64,184
TOTAL ASSETS LESS CURRENT
LIABILITIES
224,386

PROVISIONS FOR LIABILITIES 4,311
NET ASSETS 220,075

CAPITAL AND RESERVES
Called up share capital 100
Share premium 74,982
Retained earnings 144,993
220,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these financial statements

Page 2 continued...
BUILT ENVIRONMENT REALITY CAPTURE LTD (REGISTERED NUMBER: 11090214)

BALANCE SHEET - continued
31 MARCH 2019


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 Board of Directors on 30 August 2019 and were signed on its behalf by:




CP Hill - Director



K Pallas - Director


The notes form part of these financial statements

Page 3
BUILT ENVIRONMENT REALITY CAPTURE LTD (REGISTERED NUMBER: 11090214)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 NOVEMBER 2017 TO 31 MARCH 2019


1. STATUTORY INFORMATION

Built Environment Reality Capture Ltd is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

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 the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Revenue comprises the fair value of the sale of services, excluding value added tax. The company provides construction
photography services to customers under standard terms and conditions. In all cases revenue is recognised when the risks and
rewards of ownership are transferred and this is defined to be on the date the work is performed.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

TAXATION
Taxation for the period 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 period 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.

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.

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.

Page 4 continued...
BUILT ENVIRONMENT REALITY CAPTURE LTD (REGISTERED NUMBER: 11090214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 NOVEMBER 2017 TO 31 MARCH 2019


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 157,158
At 31 March 2019 157,158
AMORTISATION
Charge for period 19,645
At 31 March 2019 19,645
NET BOOK VALUE
At 31 March 2019 137,513

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
Additions 2,664 23,612 26,276
At 31 March 2019 2,664 23,612 26,276
DEPRECIATION
Charge for period 291 3,296 3,587
At 31 March 2019 291 3,296 3,587
NET BOOK VALUE
At 31 March 2019 2,373 20,316 22,689

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 383,619
Other debtors 4,725
388,344

Page 5 continued...
BUILT ENVIRONMENT REALITY CAPTURE LTD (REGISTERED NUMBER: 11090214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 NOVEMBER 2017 TO 31 MARCH 2019


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 115,965
Taxation and social security 160,569
Other creditors 251,798
528,332

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Loan 55,000

The loan from Mr A Morley, a director of the company is secured by way of a fixed and floating charge over the undertaking of
the company.

9. RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £86,493 owed to the Directors.

Page 6