Accounts filed on 31-07-2020


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Registered number: 09399849

William Downie Associates Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/07/2020

Prepared By:
David Reed Associates Ltd
54D Frome Road
Bradford on Avon
Wiltshire
BA15 1LA

William Downie Associates Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/07/2020
DIRECTORS
Mr W Downie
Mrs L M Downie
Mr N A Moore
REGISTERED OFFICE
54D Frome Road
Bradford-On-Avon
Wiltshire
BA15 1LA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09399849
ACCOUNTANTS
David Reed Associates Ltd
54D Frome Road
Bradford on Avon
Wiltshire
BA15 1LA

William Downie Associates Ltd

ACCOUNTS
FOR THEYEARENDED31/07/2020
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

William Downie Associates Ltd

BALANCE SHEET AT 31/07/2020
20202019
Notes££
FIXED ASSETS
Tangible assets24,3035,322
CURRENT ASSETS
Debtors362,19246,104
Cash at bank and in hand103,44689,111
165,638135,215
CREDITORS: Amounts falling due within one year4140,69786,759
NET CURRENT ASSETS24,94148,456
TOTAL ASSETS LESS CURRENT LIABILITIES29,24453,778
PROVISIONS FOR LIABILITIES AND CHARGES6865905
NET ASSETS28,37952,873
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account28,27952,773
SHAREHOLDERS' FUNDS28,37952,873
For the year ending 31/07/2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 23/12/2020 and signed on their behalf by
.............................
Mr W Downie
Director

William Downie Associates Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2020
1. ACCOUNTING POLICIES
1a. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 20%
1b. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1c. Basis Of Accounting FRS 102 section 1a
The accounts have been prepared under the historical cost convention and in accordance with FRS102 section 1A applicable to small entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1d. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract, the stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/08/20199,0909,090
Additions367367
Disposals(799)(799)
At 31/07/20208,6588,658
Depreciation
At 01/08/20193,7683,768
Disposals(488)(488)
For the year1,0751,075
At 31/07/20204,3554,355
Net Book Amounts
At 31/07/20204,3034,303
At 31/07/20195,3225,322

William Downie Associates Ltd

3. DEBTORS 20202019
££
Amounts falling due within one year
Trade debtors61,64843,926
Other debtors-1,692
Prepayments544486
62,19246,104
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20202019
££
Other tax and social security34,35546,103
VAT23,395-
Directors current account - WD42,198-
Directors current account - NM15,298-
Trade creditors23,02610,566
Other creditors-24,864
Accruals2,4255,226
140,69786,759
5. EMPLOYEES
20202019
No.No.
Average number of employees33
6. PROVISIONS FOR LIABILITIES 20202019
££
Deferred taxation865905
865905

William Downie Associates Ltd

7. SHARE CAPITAL 20202019
££
Allotted, issued and fully paid:
51 Ordinary A of £1 each5151
39 Ordinary B of £1 each3939
10 Class C shares of £1 each1010
100100