M J Bullock Limited - Accounts to registrar (filleted) - small 18.2

M J Bullock Limited - Accounts to registrar (filleted) - small 18.2

M J BULLOCK LIMITED - Company Information

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REGISTERED NUMBER: 06447941 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2020

for

M J BULLOCK LIMITED
M J BULLOCK LIMITED (REGISTERED NUMBER: 06447941)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M J BULLOCK LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2020







DIRECTORS: M J Bullock
S L Bullock





SECRETARY: S L Bullock





REGISTERED OFFICE: Elms Farm
Upper Tockington Road
Tockington
Bristol
BS32 4LQ





REGISTERED NUMBER: 06447941 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
6-8 Bath Street
Bristol
BS1 6HL
Page 1
M J BULLOCK LIMITED (REGISTERED NUMBER: 06447941)

Balance Sheet
31 DECEMBER 2020

2020 2019
Notes £    £   
CURRENT ASSETS
Debtors 5 3,535 660
Cash at bank 29,529 27,967
33,064 28,627
CREDITORS
Amounts falling due within one year 6 (10,436 ) (11,241 )
NET CURRENT ASSETS 22,628 17,386
TOTAL ASSETS LESS CURRENT
LIABILITIES
22,628
17,386

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 22,528 17,286
SHAREHOLDERS' FUNDS 22,628 17,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 27 September 2021 and were signed on its behalf by:





M J Bullock - Director


The notes form part of these financial statements

Page 2
M J BULLOCK LIMITED (REGISTERED NUMBER: 06447941)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2020


1. COMPANY INFORMATION

M J Bullock 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 company's principal activities and nature of its operations are that of business and engineering consultancy.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

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

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that despite the adverse effects COVID-19 is having on both the company and the economy as a whole the company has adequate resources to continue in operational existence for the foreseeable future. On this basis, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost

Government grants
Government grants received relate to the Job Retention Scheme, Business Support Grant and Bounce Back Loan Scheme set up by the government in response to the COVID-19 pandemic.

Government grants are recognised in the profit and loss account over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Page 3 continued...
M J BULLOCK LIMITED (REGISTERED NUMBER: 06447941)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2020


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

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.

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.

Page 4 continued...
M J BULLOCK LIMITED (REGISTERED NUMBER: 06447941)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2020


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2020
and 31 December 2020 2,013
DEPRECIATION
At 1 January 2020
and 31 December 2020 2,013
NET BOOK VALUE
At 31 December 2020 -
At 31 December 2019 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 3,535 660

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 1,219 394
Tax 4,631 6,345
Social security and other taxes 160 169
Other creditors 188 101
Directors' current accounts 2,834 2,834
Accruals 1,404 1,398
10,436 11,241

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
100 Ordinary 100 100 100

Page 5