Bob Parry (Survey & Valuation) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04295191 (England and Wales)

BOB PARRY (SURVEY & VALUATION) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G D Thomas Esq

D P Jones Esq

SECRETARY:

Mrs S K Thomas

REGISTERED OFFICE:

First Floor Suite

23 Trinity Square

LLANDUDNO

North Wales

LL30 2RH

REGISTERED NUMBER:

04295191 (England and Wales)

ACCOUNTANTS:

Hawley and Company

Chartered Accountants & Chartered Tax Advisers

First Floor Suite

23 Trinity Square

LLANDUDNO

North Wales

LL30 2RH

FIXED ASSETS

Intangible assets

4

800

1,200

Tangible assets

5

39,949

52,054

40,749

53,254

CURRENT ASSETS

Stocks

250

250

Debtors

6

75,694

69,426

75,944

69,676

CREDITORS

Amounts falling due within one year

7

86,119

78,222

NET CURRENT LIABILITIES

(10,175

)

(8,546

)

TOTAL ASSETS LESS CURRENT LIABILITIES

30,574

44,708

CREDITORS

Amounts falling due after more than one year

8

(23,183

)

(35,279

)

PROVISIONS FOR LIABILITIES

11

(7,195

)

(9,400

)

NET ASSETS

196

29

CAPITAL AND RESERVES

Called up share capital

12

10

10

Retained earnings

186

19

SHAREHOLDERS' FUNDS

196

29

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 6 March 2020 and were signed on its behalf by:

G D Thomas Esq - Director

1.	STATUTORY INFORMATION

Bob Parry (Survey & Valuation) 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.

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.

Revenue recognition

Turnover represents net invoiced sales of services excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year 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 statement of financial position date.

Deferred tax

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

statement of financial position 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

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

Pension contributions paid on behalf of staff and are charged against profits in the accounting period in which

they are paid.

Trade and other debtors

Trade and other debtors are initially recognised at their transaction price, less impairment losses for bad and

doubtful debts.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term

highly liquid investments with original maturities of 3 months or less.

Trade and other creditors

Trade and other creditors are initially recognised at their transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2018

and 30 June 2019

8,000

AMORTISATION

At 1 July 2018

6,800

Charge for year

400

At 30 June 2019

7,200

NET BOOK VALUE

At 30 June 2019

800

At 30 June 2018

1,200

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2018

1,235

11,948

49,377

34,314

96,874

Additions

-

416

-

649

1,065

At 30 June 2019

1,235

12,364

49,377

34,963

97,939

DEPRECIATION

At 1 July 2018

1,136

10,192

-

33,492

44,820

Charge for year

15

326

12,344

485

13,170

At 30 June 2019

1,151

10,518

12,344

33,977

57,990

NET BOOK VALUE

At 30 June 2019

84

1,846

37,033

986

39,949

At 30 June 2018

99

1,756

49,377

822

52,054

6.

DEBTORS

2019

2018

£

£

Amounts falling due within one year:

Trade debtors

1,924

3,943

Other debtors

15,207

27,785

Amount owed by related company

262

262

Directors' current accounts

47,943

28,937

Prepayments

1,075

2,124

66,411

63,051

Amounts falling due after more than one year:

Corporation tax recoverable

9,283

6,375

Aggregate amounts

75,694

69,426

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

28,467

8,142

Hire purchase contracts (see note 9)

12,095

12,095

Trade creditors

857

1,028

Tax

32,910

46,474

Social security and other taxes

5,706

-

Other creditors

2,500

2,500

Accruals

3,584

7,983

86,119

78,222

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts (see note 9)

23,183

35,279

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2019

2018

£

£

Gross obligations repayable:

Within one year

13,279

13,279

Between one and five years

25,452

38,732

38,731

52,011

Finance charges repayable:

Within one year

1,184

1,184

Between one and five years

2,269

3,453

3,453

4,637

Net obligations repayable:

Within one year

12,095

12,095

Between one and five years

23,183

35,279

35,278

47,374

Non-cancellable operating

leases

2019

2018

£

£

Within one year

928

3,243

Between one and five years

-

2,263

928

5,506

10.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank overdrafts

12,519

8,142

The bank overdraft is secured by a fixed and floating charge over the assets of the company.

11.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

7,195

9,400

Deferred

tax

£

Balance at 1 July 2018

9,400

Accelerated capital allowances

(2,205

)

Balance at 30 June 2019

7,195

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

10

Ordinary

£1

10

10

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2019 and

30 June 2018:

2019

2018

£

£

G D Thomas Esq

Balance outstanding at start of year

28,937

19,987

Amounts advanced

19,006

8,950

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

47,943

28,937

The purpose of the loan was to meet personal expenditure. The loan is interest-free.