The Bush Consultancy Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02417457 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2019

for

THE BUSH CONSULTANCY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Davis

M J Kendall

T Hussain

T Partridge

J James

SECRETARY:

M J Kendall

REGISTERED OFFICE:

5:20 Paintworks

Bath Road

Arnos Vale

Bristol

BS4 3EH

REGISTERED NUMBER:

02417457 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

6 - 8 Bath Street

Bristol

BS1 6HL

FIXED ASSETS

Tangible assets

4

14,837

23,720

CURRENT ASSETS

Work in progress

5

57,859

30,776

Debtors

6

332,741

486,459

Cash at bank and in hand

38,287

123,740

428,887

640,975

CREDITORS

Amounts falling due within one year

7

170,245

267,899

NET CURRENT ASSETS

258,642

373,076

TOTAL ASSETS LESS CURRENT LIABILITIES

273,479

396,796

PROVISIONS FOR LIABILITIES

2,360

4,285

NET ASSETS

271,119

392,511

CAPITAL AND RESERVES

Called up share capital

36,666

36,666

Capital redemption reserve

18,334

18,334

Retained earnings

216,119

337,511

SHAREHOLDERS' FUNDS

271,119

392,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors on 12 November 2019 and were signed on its behalf by:

R A Davis - Director

M J Kendall - Director

1.	COMPANY INFORMATION

The Bush Consultancy Limited 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.

The company's principal activities and nature of its operations are disclosed in the Directors' Report.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small

Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and

Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary

amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting

policies adopted are set out below.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company

has adequate resources to continue in operational existence for the foreseeable future. Thus the directors

continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts

receivable for services provided in the normal course of business, net of discounts, VAT and other sales related

taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% - 33% on cost

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Turnover on long-term contracts is recognised by reference to the stage of completion. The stage of completion

of a contract is determined by reference to the proportion that contract costs incurred for work performed to

date bear to the estimated total contract costs relating to a discrete stage of that contract. An estimate of the

profit attributable to work completed is recognised once the outcome of the contract can be assessed with

reasonable certainty.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid

investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown

within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are

recognised when the company becomes party to the contractual provisions of the instrument. Financial assets

and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally

enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise

the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, amounts due from related undertakings and cash

and bank balances, are initially measured at transaction price including transaction costs and are subsequently

carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows

from the asset expire or are settled, or when the company transfers the financial asset and substantially all the

risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are

retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an

unrelated third party.

Basic financial liabilities, including trade and other creditors and amounts due to related undertakings are

initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the

debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial

liabilities are derecognised when, and only when, the company's contractual obligations are discharged,

cancelled, or they expire.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account,

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 year 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of future payments is treated as a liability.

Rentals paid under operating leases are charged to profit and 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 and the pension charge represents the amounts

payable by the company to the fund in respect of the year. The assets of the scheme are held separately from

those of the company in an independently administered fund.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2018 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 July 2018

and 30 June 2019

65,690

DEPRECIATION

At 1 July 2018

41,970

Charge for year

8,883

At 30 June 2019

50,853

NET BOOK VALUE

At 30 June 2019

14,837

At 30 June 2018

23,720

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as

follows:

Fixtures

and

fittings

£

COST

At 1 July 2018

4,980

Transfer to ownership

(4,980

)

At 30 June 2019

-

DEPRECIATION

At 1 July 2018

1,740

Transfer to ownership

(1,740

)

At 30 June 2019

-

NET BOOK VALUE

At 30 June 2019

-

At 30 June 2018

3,240

5.	WORK IN PROGRESS

2019

2018

£

£

Work-in-progress

57,859

30,776

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

288,465

449,478

Other debtors

24,190

24,422

Prepayments and accrued income

20,086

12,559

332,741

486,459

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

38,956

23,673

Tax

5,213

45,101

Social security and other taxes

107,778

144,047

Other creditors

13,828

10,498

Hire Purchase

-

1,660

Accruals and deferred income

4,470

42,920

170,245

267,899

Included in others creditors is a balance of £4,236 (2018 - £903) that had been deducted from salaries but not

paid over to the pension fund administrators. This was paid shortly after the year-end.

8.	RELATED PARTY DISCLOSURES

At the year end date the company was owed £24,156 (2018 - £24,156) by Canopy Projects Limited. No interest

is being charged on this loan.

During the year the company paid rent charges of £48,500 (2018 - £48,500) to Canopy Projects

Limited, a company of which R A Davis and M J Kendall are also directors.

During the year services charges in the sum of £7,950 (2018 - £6,846) were recharged to the company by

Canopy Projects Limited.