Bovey & Weston Limited - Period Ending 2018-12-31
Bovey & Weston Limited - Period Ending 2018-12-31
Registration number:
Bovey & Weston Limited
for the Year Ended 31 December 2018
Chartered Accountants
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP
Bovey & Weston Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Bovey & Weston Limited
Company Information
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Directors |
Ms H E Bovey Mr J W Weston |
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Company secretary |
Mr J W Weston |
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Registered office |
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Accountants |
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Page 1 |
Bovey & Weston Limited
(Registration number: 05309620)
Balance Sheet as at 31 December 2018
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2018 |
2017 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Allotted, called up and fully paid share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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 to the Registrar of Companies 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 and directors' report has been taken.
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Page 2 |
Bovey & Weston Limited
(Registration number: 05309620)
Balance Sheet as at 31 December 2018
Approved and authorised by the
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Page 3 |
Bovey & Weston Limited
Notes to the Financial Statements for the Year Ended 31 December 2018
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General information |
The company is a private company limited by share capital incorporated in England and wales registration number: 05309620.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
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.
The presentation currency is £ sterling.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
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.
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Page 4 |
Bovey & Weston Limited
Notes to the Financial Statements for the Year Ended 31 December 2018
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:
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Page 5 |
Bovey & Weston Limited
Notes to the Financial Statements for the Year Ended 31 December 2018
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Asset class |
Depreciation method and rate |
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Fixtures and fittings |
25% reducing balance basis |
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Page 6 |
Bovey & Weston Limited
Notes to the Financial Statements for the Year Ended 31 December 2018
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Tangible assets |
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Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 January 2018 |
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Additions |
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At 31 December 2018 |
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Depreciation |
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At 1 January 2018 |
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Charge for the year |
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At 31 December 2018 |
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Carrying amount |
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At 31 December 2018 |
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At 31 December 2017 |
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Debtors |
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2018 |
2017 |
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Prepayments |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2018 |
2017 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Page 7 |
Bovey & Weston Limited
Notes to the Financial Statements for the Year Ended 31 December 2018
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Related party transactions |
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Other transactions with directors |
During the year advances were taken by the Director of £4,793. The loan is repayable on demand and interest is being charged at the official rate.
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Page 8 |