Nabarro McAllister & Co Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04657451 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020

FOR

NABARRO MCALLISTER & CO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S G Nabarro

SECRETARY:

Mrs J V Nabarro

REGISTERED OFFICE:

Devonshire Lodge

Devonshire Avenue

Leeds

LS8 1AY

REGISTERED NUMBER:

04657451 (England and Wales)

ACCOUNTANTS:

Sedulo Leeds Limited

St Paul's House

23 Park Square

Leeds

West Yorkshire

LS1 2ND

FIXED ASSETS

Intangible assets

4

93,750

131,250

Tangible assets

5

577,242

579,852

670,992

711,102

CURRENT ASSETS

Debtors

6

438,163

341,623

Cash at bank and in hand

396,356

316,776

834,519

658,399

CREDITORS

Amounts falling due within one year

7

226,522

203,941

NET CURRENT ASSETS

607,997

454,458

TOTAL ASSETS LESS CURRENT LIABILITIES

1,278,989

1,165,560

PROVISIONS FOR LIABILITIES

1,609

1,535

NET ASSETS

1,277,380

1,164,025

CAPITAL AND RESERVES

Called up share capital

8

995

995

Retained earnings

1,276,385

1,163,030

SHAREHOLDERS' FUNDS

1,277,380

1,164,025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 March 2021 and were signed by:

S G Nabarro - Director

1.	STATUTORY INFORMATION

Nabarro McAllister & Co 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 principal activity of the Company in the year under review was that of Chartered Surveyors.

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.

The financial statements are prepared in pound sterling £, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest pound.

In common with virtually every other business in the country, the Company has been experiencing the effects of the Coronavirus pandemic. Whilst the full impact of this exceptional situation on the Company cannot be assessed with complete certainty at the current time, the Directors believe they have taken all possible steps to protect the Company including accessing relevant Government assistance.

At the time of signing these accounts the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax as adjusted for the effect of revenue recognition. In respect of service contracts turnover is recognised when the right to consideration has been obtained through performance under each contract. Consideration accrues as contract activity progresses by reference to the value of the work performed.

Goodwill

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

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 etc

-

25% on reducing balance and 15% on reducing balance

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 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

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

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2019 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2019

and 30 June 2020

750,000

AMORTISATION

At 1 July 2019

618,750

Charge for year

37,500

At 30 June 2020

656,250

NET BOOK VALUE

At 30 June 2020

93,750

At 30 June 2019

131,250

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2019

566,061

81,266

647,327

Additions

-

3,806

3,806

At 30 June 2020

566,061

85,072

651,133

DEPRECIATION

At 1 July 2019

3,500

63,975

67,475

Charge for year

3,500

2,916

6,416

At 30 June 2020

7,000

66,891

73,891

NET BOOK VALUE

At 30 June 2020

559,061

18,181

577,242

At 30 June 2019

562,561

17,291

579,852

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Trade debtors

387,562

311,951

Other debtors

50,601

29,672

438,163

341,623

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Trade creditors

5,424

9,734

Taxation and social security

201,700

142,739

Other creditors

19,398

51,468

226,522

203,941

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class

Nominal

2020

2019

Value:

£

£

988

Ordinary

£1

988

988

5

Ordinary A

£1

-

-

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

5

Ordinary D

£1

5

5

995

995

All shares have attached to them full voting, dividend and capital distribution (including on winding up) rights and are not redeemable.