ACCOUNTS - Final Accounts preparation

BURLEIGH STREET PUBLISHING LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-07-312022-07-31trueNo description of principal activityfalse2021-08-0111trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08622998 2021-08-01 2022-07-31 08622998 2020-08-01 2021-07-31 08622998 2022-07-31 08622998 2021-07-31 08622998 c:Director1 2021-08-01 2022-07-31 08622998 d:ComputerEquipment 2021-08-01 2022-07-31 08622998 d:ComputerEquipment 2022-07-31 08622998 d:ComputerEquipment 2021-07-31 08622998 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-08-01 2022-07-31 08622998 d:CurrentFinancialInstruments 2022-07-31 08622998 d:CurrentFinancialInstruments 2021-07-31 08622998 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 08622998 d:CurrentFinancialInstruments d:WithinOneYear 2021-07-31 08622998 d:ShareCapital 2022-07-31 08622998 d:ShareCapital 2021-07-31 08622998 d:RetainedEarningsAccumulatedLosses 2022-07-31 08622998 d:RetainedEarningsAccumulatedLosses 2021-07-31 08622998 c:FRS102 2021-08-01 2022-07-31 08622998 c:AuditExempt-NoAccountantsReport 2021-08-01 2022-07-31 08622998 c:FullAccounts 2021-08-01 2022-07-31 08622998 c:PrivateLimitedCompanyLtd 2021-08-01 2022-07-31 iso4217:GBP xbrli:pure

Registered number: 08622998

BURLEIGH STREET PUBLISHING LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2022

BURLEIGH STREET PUBLISHING LIMITED

REGISTERED NUMBER: 08622998

STATEMENT OF FINANCIAL POSITION

AS AT 31 JULY 2022

		2022		2021
Note		£		£

Fixed assets
Tangible assets	5		4,552		4,667
Current assets
Stocks	6	27,733		25,421
Debtors: amounts falling due within one year	7	817		4,444
Cash at bank and in hand		138		825
		28,688		30,690
Creditors: amounts falling due within one year	8	(48,844)		(38,747)
Net current liabilities			(20,156)		(8,057)
Total assets less current liabilities			(15,604)		(3,390)

Net liabilities			(15,604)		(3,390)

Capital and reserves
Called up share capital	1	1
Profit and loss account	(15,605)	(3,391)
	(15,604)	(3,390)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 April 2023.

R Gubbay

Director

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BURLEIGH STREET PUBLISHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

1.	General information

Burleigh Street Publishing Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Going concern

The Company is showing net liabilities, at the reporting date. In order to continue trading it is dependent on the continued financial support of its sole shareholder and sole director, Mr R Gubbay, who has confirmed his intention to continue to support the company for the foreseeable future.
On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result in the withdrawal of the aforementioned support.

2.3

Functional and presentation currency

The Company's functional and presentational currency is GBP.

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The Company earns royalty income from book sales in line with the contracted terms it has with its distributor. Revenue is recognised on reciept of the funds and a corresponding income statement from its distributor.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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BURLEIGH STREET PUBLISHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

2.Accounting policies (continued)

2.5

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

33%

Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Stocks - Book production costs

Stocks comprise costs incurred in the production of books, which are stated at the lower of cost and estimated net realisable value.

2.7

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from related parties.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of the estimation means that actual outcomes could differ from those estimates.
Book production costs

Book production costs are held as a current asset on the statement of financial position and are amortised over the expected revenue from the date the book is published.
Accruals
The Company makes an estimate of accruals at the year end based on invoices received after the year end and work undertaken which has not been invoiced based on quotations or estimates of amounts that are due for payment.

Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).

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BURLEIGH STREET PUBLISHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

5.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 August 2021	4,800
	Additions	1,485
	At 31 July 2022	6,285
	Depreciation
	At 1 August 2021	133
	Charge for the year on owned assets	1,600
	At 31 July 2022	1,733
	Net book value
	At 31 July 2022	4,552
	At 31 July 2021	4,667

6.	Stocks - Book production costs
		2022	2021
		£	£

	Book production costs	27,733	25,421

Debtors

					2022	2021
					£	£


Other debtors	372	1,900
Prepayments and accrued income	445	2,544
	817	4,444

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BURLEIGH STREET PUBLISHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

8.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

	Other creditors	48,844	38,747

9.	Related party transactions
	At the reporting date, the Company owed Mr R Gubbay, £48,844 (2021: £38,747), which is included in other creditors. The balance was provided interest free and is repayable on demand. There were no further transactions with related parties that are material and have not been conducted under normal market conditions.

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