Scott Brown Risk Management Surveyors Limited Filleted accounts for Companies House (small and micro)

SCOTT BROWN RISK MANAGEMENT SURVEYORS LIMITED - Company Information

0 false false false false false false false false false true false false false false false false No description of principal activity 2019-02-01 Sage Accounts Production Advanced 2020 - FRS102_2019 5,000 5,000 5,000 xbrli:pure xbrli:shares iso4217:GBP 07025511 2019-02-01 2020-01-31 07025511 2020-01-31 07025511 2019-01-31 07025511 2018-02-01 2019-01-31 07025511 2019-01-31 07025511 core:LandBuildings core:LongLeaseholdAssets 2019-02-01 2020-01-31 07025511 core:FurnitureFittings 2019-02-01 2020-01-31 07025511 bus:LeadAgentIfApplicable 2019-02-01 2020-01-31 07025511 bus:Director3 2019-02-01 2020-01-31 07025511 bus:Director2 2019-02-01 2020-01-31 07025511 core:LandBuildings 2019-01-31 07025511 core:FurnitureFittings 2019-01-31 07025511 core:FurnitureFittings 2020-01-31 07025511 core:WithinOneYear 2020-01-31 07025511 core:WithinOneYear 2019-01-31 07025511 core:LandBuildings 2019-02-01 2020-01-31 07025511 core:ShareCapital 2020-01-31 07025511 core:ShareCapital 2019-01-31 07025511 core:RetainedEarningsAccumulatedLosses 2020-01-31 07025511 core:RetainedEarningsAccumulatedLosses 2019-01-31 07025511 core:BetweenOneFiveYears 2019-01-31 07025511 core:CostValuation core:Non-currentFinancialInstruments 2020-01-31 07025511 core:Non-currentFinancialInstruments 2020-01-31 07025511 core:Non-currentFinancialInstruments 2019-01-31 07025511 core:FurnitureFittings 2019-01-31 07025511 bus:Director2 2019-01-31 07025511 bus:Director2 2020-01-31 07025511 bus:Director2 2018-01-31 07025511 bus:Director2 2019-01-31 07025511 bus:Director2 2018-02-01 2019-01-31 07025511 bus:SmallEntities 2019-02-01 2020-01-31 07025511 bus:AuditExemptWithAccountantsReport 2019-02-01 2020-01-31 07025511 bus:FullAccounts 2019-02-01 2020-01-31 07025511 bus:SmallCompaniesRegimeForAccounts 2019-02-01 2020-01-31 07025511 bus:PrivateLimitedCompanyLtd 2019-02-01 2020-01-31 07025511 core:OfficeEquipment 2019-02-01 2020-01-31 07025511 core:OfficeEquipment 2019-01-31 07025511 core:OfficeEquipment 2020-01-31

COMPANY REGISTRATION NUMBER: 07025511

Scott Brown Risk Management Surveyors Limited

Filleted Unaudited Financial Statements

31 January 2020

Scott Brown Risk Management Surveyors Limited

Financial Statements

Year ended 31 January 2020

Contents	Page

Report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Scott Brown Risk Management Surveyors Limited

Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Scott Brown Risk Management Surveyors Limited

Year ended 31 January 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Scott Brown Risk Management Surveyors Limited for the year ended 31 January 2020, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.

JAY & JAY PARTNERSHIP LIMITED Chartered Certified Accountants

2 Chesterfield Buildings Westbourne Place Clifton Bristol BS8 1RU

1 December 2020

Scott Brown Risk Management Surveyors Limited

Statement of Financial Position

31 January 2020

	2020	2019
Note	£	£

Fixed assets

Tangible assets	5	1,604	7,353
Investments	6	5,000	5,000
		-------	--------
		6,604	12,353

Current assets

Debtors	7	60,259	94,775
Cash at bank and in hand		120,147	214,416
		---------	---------
		180,406	309,191

Creditors: amounts falling due within one year	8	9,051	122,107
		---------	---------
Net current assets		171,355	187,084
		---------	---------
Total assets less current liabilities		177,959	199,437
		---------	---------
Net assets		177,959	199,437
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	177,859	199,337
	---------	---------
Shareholders funds	177,959	199,437
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 January 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Scott Brown Risk Management Surveyors Limited

Statement of Financial Position (continued)

31 January 2020

These financial statements were approved by the board of directors and authorised for issue on 1 December 2020 , and are signed on behalf of the board by:

Mr J. Scott Brown

Director

Company registration number: 07025511

Scott Brown Risk Management Surveyors Limited

Notes to the Financial Statements

Year ended 31 January 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Chesterfield Buildings, Westbourne Place, Clifton, Bristol, BS8 1RU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold improvements	-	25% straight line
Fixtures and fittings	-	15% reducing balance
Equipment	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2019: 9 ).

5. Tangible assets

	Land and buildings	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 February 2019	2,983	8,240	16,644	27,867
Disposals	( 2,983)	( 7,460)	( 13,186)	( 23,629)
	-------	-------	--------	--------
At 31 January 2020	–	780	3,458	4,238
	-------	-------	--------	--------
Depreciation
At 1 February 2019	2,983	5,320	12,211	20,514
Charge for the year	–	57	430	487
Disposals	( 2,983)	( 4,916)	( 10,468)	( 18,367)
	-------	-------	--------	--------
At 31 January 2020	–	461	2,173	2,634
	-------	-------	--------	--------
Carrying amount
At 31 January 2020	–	319	1,285	1,604
	-------	-------	--------	--------
At 31 January 2019	–	2,920	4,433	7,353
	-------	-------	--------	--------

6. Investments

	Other investments other than loans
	£
Cost
At 1 February 2019 and 31 January 2020	5,000
	-------
Impairment
At 1 February 2019 and 31 January 2020	–
	-------

Carrying amount
At 31 January 2020	5,000
	-------
At 31 January 2019	5,000
	-------

The company has invested £5,000 in Rebuild cost assessment Ltd (formerly Desktop Surveys (Homes) Ltd). The investment represents the acquisition of 5,000 SB shares out of a total of 5,000 SB shares and 5,000 R shares in issue.

7. Debtors

	2020	2019
	£	£
Trade debtors	21,512	83,016
Other debtors	38,747	11,759
	--------	--------
	60,259	94,775
	--------	--------

8. Creditors: amounts falling due within one year

	2020	2019
	£	£
Bank loans and overdrafts	6,017	–
Trade creditors	–	22,100
Corporation tax	–	41,597
Social security and other taxes	–	40,157
Other creditors	3,034	18,253
	-------	---------
	9,051	122,107
	-------	---------

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2020	2019
	£	£
Not later than 1 year	–	9,223
Later than 1 year and not later than 5 years	–	8,687
	----	--------
	–	17,910
	----	--------

10. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2020
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr and Mrs J Scott Brown	( 51)	–	( 33)	( 84)
	----	----	----	----

	2019
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr and Mrs J Scott Brown	( 68)	1,179	( 1,162)	( 51)
	----	-------	-------	----

This loan is interest free and repayable on demand.