Aukett Brockliss Guy Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03781910 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

AUKETT BROCKLISS GUY LIMITED

TRADING AS

ABG DESIGN

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

H Miles

SECRETARY:

Mrs S M Robson

REGISTERED OFFICE:

The Old Carriage Works

Moresk Road

TRURO

Cornwall

TR1 1DG

REGISTERED NUMBER:

03781910 (England and Wales)

ACCOUNTANTS:

Lang Bennetts

The Old Carriage Works

Moresk Road

TRURO

Cornwall

TR1 1DG

FIXED ASSETS

Tangible assets

5

551

1,211

CURRENT ASSETS

Debtors

6

18,542

11,827

Cash at bank and in hand

42

80

18,584

11,907

CREDITORS

Amounts falling due within one year

7

43,659

53,018

NET CURRENT LIABILITIES

(25,075

)

(41,111

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(24,524

)

(39,900

)

CREDITORS

Amounts falling due after more than one year

8

13,579

10,414

NET LIABILITIES

(38,103

)

(50,314

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(39,103

)

(51,314

)

SHAREHOLDERS' FUNDS

(38,103

)

(50,314

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 September 2022 and were signed by:

H Miles - Director

1.	STATUTORY INFORMATION

Aukett Brockliss Guy 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The company has net liabilities of £38,103 in its balance sheet at the year end. The company is supported by loans from its director and an overdraft facility. The director has indicated that he expects this support to continue and accordingly the accounts have been prepared on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

33% on cost

Fixtures and fittings

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2021

and 31 December 2021

51,697

6,520

58,217

DEPRECIATION

At 1 January 2021

50,486

6,520

57,006

Charge for year

660

-

660

At 31 December 2021

51,146

6,520

57,666

NET BOOK VALUE

At 31 December 2021

551

-

551

At 31 December 2020

1,211

-

1,211

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

10,908

3,600

Other debtors

3,682

4,109

Tax

-

499

VAT

327

-

Prepayments and accrued income

3,625

3,619

18,542

11,827

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

19,070

17,232

Other loans

-

12,881

Trade creditors

3,504

5,500

Tax

1,949

-

Social security and other taxes

1,523

1,563

VAT

-

6,680

Other creditors

-

116

Company credit card

7,815

2,664

Directors' loan accounts

7,588

3,297

Accruals and deferred income

2,210

3,085

43,659

53,018

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Other loans

-

10,414

Directors' loan accounts

13,579

-

13,579

10,414

9.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank overdrafts

19,070

17,232

10.	RELATED PARTY DISCLOSURES

At the year end, loans made to the company by directors were outstanding as follows:

2021

2020

£

£

H Miles

21,167

3,297

Total

21,167

3,297

11.	ULTIMATE CONTROLLING PARTY