Burrell Blain Wilson Associates Limited Filleted accounts for Companies House (small and micro)
Burrell Blain Wilson Associates Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
02910998
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Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Investments |
6 |
– |
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Current assets
Debtors |
7 |
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Cash at bank and in hand |
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-------- |
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Creditors: amounts falling due within one year |
8 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
9 |
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Net assets |
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Capital and reserves
Called up share capital |
10 |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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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
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
10 March 2021
, and are signed on behalf of the board by:
Company registration number:
02910998
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Notes to the Financial Statements |
Year ended 31 March 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 Counsells, Smithbrook Kilns, Cranleigh, Surrey, GU6 8JJ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
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:
Office equipment |
- |
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Furniture and fixtures |
- |
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Library |
- |
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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 joint ventures
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Tax on profit
Major components of tax expense
2020 |
2019 |
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£ |
£ |
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Current tax:
UK current tax expense |
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------- |
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Tax on profit |
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------- |
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5.
Tangible assets
Land and buildings |
Office equipment |
Fixtures and fittings |
Library |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 April 2019 and 31 March 2020 |
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Depreciation |
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At 1 April 2019 |
– |
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Charge for the year |
– |
– |
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– |
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--------- |
------- |
---- |
------- |
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At 31 March 2020 |
– |
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---- |
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Carrying amount |
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At 31 March 2020 |
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– |
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– |
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------- |
---- |
------- |
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At 31 March 2019 |
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– |
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– |
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---- |
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6.
Investments
Other investments other than loans |
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£ |
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Cost |
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At 1 April 2019 |
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Disposals |
(
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At 31 March 2020 |
– |
-------- |
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Impairment |
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At 1 April 2019 and 31 March 2020 |
– |
-------- |
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Carrying amount |
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At 31 March 2020 |
– |
-------- |
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At 31 March 2019 |
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7.
Debtors
2020 |
2019 |
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£ |
£ |
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Trade debtors |
– |
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Other debtors |
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Included in other debtors is a balance due from the director of £96,160.
8.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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--------- |
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9.
Creditors:
amounts falling due after more than one year
2020 |
2019 |
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£ |
£ |
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Bank loans and overdrafts |
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10.
Called up share capital
Issued, called up and fully paid
2020 |
2019 |
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No. |
£ |
No. |
£ |
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2 |
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2 |
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11.
Related party transactions
During the year, the company received professional fees for work undertaken for Enthusiast Publishing Limited. The fees were charged on a normal commercial basis and were at arms length. Included in other creditors is an amount owed to Enthusiast Publishing Limited of £255,619 (2019: £141,900).
D E Blain
is a director and shareholder of Enthusiast Publishing Limited.