Brendan E Coles & Associates Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01908289 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

FOR

BRENDAN E COLES & ASSOCIATES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B E Coles

Miss R S L Tovey

SECRETARY:

Miss R S L Tovey

REGISTERED OFFICE:

Hill Cottage

Hasfield

Gloucester

GL19 4LJ

REGISTERED NUMBER:

01908289 (England and Wales)

ACCOUNTANTS:

Shiner Mitchell Fisher & Co. Ltd

Smith House

George Street

Nailsworth

Stroud

Gloucestershire

GL6 0AG

FIXED ASSETS

Tangible assets

4

7,385

9,231

CURRENT ASSETS

Debtors

5

65,305

42,566

Cash at bank and in hand

400

1,838

65,705

44,404

CREDITORS

Amounts falling due within one year

6

45,597

26,216

NET CURRENT ASSETS

20,108

18,188

TOTAL ASSETS LESS CURRENT LIABILITIES

27,493

27,419

CREDITORS

Amounts falling due after more than one year

7

(24,532

)

(25,000

)

PROVISIONS FOR LIABILITIES

(1,286

)

(941

)

NET ASSETS

1,675

1,478

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,575

1,378

SHAREHOLDERS' FUNDS

1,675

1,478

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 23 March 2022 and were signed on its behalf by:

Mr B E Coles - Director

1.	STATUTORY INFORMATION

Brendan E Coles & Associates Ltd 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.	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.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2020

and 30 June 2021

46,392

DEPRECIATION

At 1 July 2020

37,161

Charge for year

1,846

At 30 June 2021

39,007

NET BOOK VALUE

At 30 June 2021

7,385

At 30 June 2020

9,231

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Trade debtors

48,427

27,845

Other debtors

16,878

14,721

65,305

42,566

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Bank loans and overdrafts

9,635

-

Trade creditors

10,271

2,869

Taxation and social security

25,691

23,347

45,597

26,216

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.21

30.6.20

£

£

Bank loans

24,532

25,000

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous years by its directors, Mr B E Coles and Miss R S L Tovey, who between them own 100% of the company's ordinary share capital.