Bob Parry (Survey & Valuation) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04295191 (England and Wales)

BOB PARRY (SURVEY & VALUATION) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G D Thomas Esq

D P Jones Esq

SECRETARY:

Mrs S K Thomas

REGISTERED OFFICE:

First Floor Suite

23 Trinity Square

LLANDUDNO

North Wales

LL30 2RH

REGISTERED NUMBER:

04295191 (England and Wales)

ACCOUNTANTS:

Hawley and Company

Chartered Accountants & Chartered Tax Advisers

First Floor Suite

23 Trinity Square

LLANDUDNO

North Wales

LL30 2RH

FIXED ASSETS

Intangible assets

4

-

400

Tangible assets

5

24,546

30,436

24,546

30,836

CURRENT ASSETS

Stocks

250

250

Debtors

6

78,627

57,787

Cash at bank

10,821

26,784

89,698

84,821

CREDITORS

Amounts falling due within one year

7

71,432

53,563

NET CURRENT ASSETS

18,266

31,258

TOTAL ASSETS LESS CURRENT LIABILITIES

42,812

62,094

CREDITORS

Amounts falling due after more than one year

8

(38,380

)

(56,112

)

PROVISIONS FOR LIABILITIES

10

(4,400

)

(5,500

)

NET ASSETS

32

482

CAPITAL AND RESERVES

Called up share capital

11

10

10

Retained earnings

22

472

SHAREHOLDERS' FUNDS

32

482

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 28 September 2021 and were signed on its behalf by:

G D Thomas Esq - Director

1.	STATUTORY INFORMATION

Bob Parry (Survey & Valuation) 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.	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.

Revenue recognition

Turnover represents net invoiced sales of services excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Government grants

Government grants of a revenue nature are credited to the income statement so as to match the grants with the expenditure items to which they relate.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Pension contributions paid on behalf of staff and are charged against profits in the accounting period in which they are paid.

Trade and other debtors

Trade and other debtors are initially recognised at their transaction price, less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of 3 months or less.

Trade and other creditors

Trade and other creditors are initially recognised at their transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2020

and 30 June 2021

8,000

AMORTISATION

At 1 July 2020

7,600

Charge for year

400

At 30 June 2021

8,000

NET BOOK VALUE

At 30 June 2021

-

At 30 June 2020

400

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2020

1,359

12,588

49,377

35,057

98,381

Additions

239

-

-

2,060

2,299

At 30 June 2021

1,598

12,588

49,377

37,117

100,680

DEPRECIATION

At 1 July 2020

1,182

10,828

21,602

34,333

67,945

Charge for year

62

264

6,944

919

8,189

At 30 June 2021

1,244

11,092

28,546

35,252

76,134

NET BOOK VALUE

At 30 June 2021

354

1,496

20,831

1,865

24,546

At 30 June 2020

177

1,760

27,775

724

30,436

6.

DEBTORS

2021

2020

£

£

Amounts falling due within one year:

Trade debtors

12,085

1,340

Other debtors

6,069

-

Amount owed by related company

262

262

Directors' current accounts

44,454

46,066

Prepayments

907

836

63,777

48,504

Amounts falling due after more than one year:

Corporation tax recoverable

14,850

9,283

Aggregate amounts

78,627

57,787

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

8,002

1,101

Hire purchase contracts (see note 9)

12,095

12,095

Tax

33,525

26,591

Social security and other taxes

7,353

7,317

Other creditors

2,500

2,500

Deferred income

3,650

-

Accruals

4,307

3,959

71,432

53,563

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loan

33,340

42,000

Hire purchase contracts (see note 9)

5,040

14,112

38,380

56,112

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2021

2020

£

£

Gross obligations repayable:

Within one year

13,279

13,279

Between one and five years

5,533

15,493

18,812

28,772

Finance charges repayable:

Within one year

1,184

1,184

Between one and five years

493

1,381

1,677

2,565

Net obligations repayable:

Within one year

12,095

12,095

Between one and five years

5,040

14,112

17,135

26,207

10.	PROVISIONS FOR LIABILITIES

2021

2020

£

£

Deferred tax

4,400

5,500

Deferred

tax

£

Balance at 1 July 2020

5,500

Accelerated capital allowances

(1,100

)

Balance at 30 June 2021

4,400

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

10

Ordinary

£1

10

10

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2021 and 30 June 2020:

2021

2020

£

£

G D Thomas Esq

Balance outstanding at start of year

46,066

47,943

Amounts advanced

4,125

20,000

Amounts repaid

(5,737

)

(21,877

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

44,454

46,066