Beckwith Design Associates Limited,Ltd - Accounts

BECKWITH DESIGN ASSOCIATES LIMITED - Company Information

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Beckwith Design Associates Limited

For the year ended 31 March 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 04838177

Contents Page

Beckwith Design Associates Limited

For the year ended 31 March 2016

Accountant's Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

Beckwith Design Associates Limited

Accountant's Report

For the year ended 31 March 2016

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the

accounts of Beckwith Design Associates Limited for the year ended 31 March 2016 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and

other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Beckwith Design Associates Limited, as a body, in

accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for

your approval the accounts of Beckwith Design Associates Limited and state those matters that we have agreed to

state to the Board of Directors of Beckwith Design Associates Limited, as a body, in this report in accordance with

the requirements of the Association of Chartered Certified Accountants and as detailed at

http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than Beckwith Design Associates Limited and its Board of Directors as a body for our

work or for this report.

It is your duty to ensure that Beckwith Design Associates Limited has kept adequate accounting records and to

prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of

Beckwith Design Associates Limited. You consider that Beckwith Design Associates Limited is exempt from the

statutory audit requirement for the year.

Paul Watts FCCA

Jack Cottage

Feizor

Nr Austwick

North Yorkshire

LA2 8DF

30 June 2016

Dated:

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Abbreviated Balance Sheet

Beckwith Design Associates Limited

As at 31 March 2016

04838177

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

2,708

3,188

2,708

3,188

Current assets

Debtors

87,086

61,998

Cash at bank and in hand

58,220

120,218

87,090

Creditors: amounts falling due within one year

(70,428)

(89,118)

16,662

31,100

Net current assets

Total assets less current liabilities

33,808

19,850

(403)

(469)

Provisions for liabilities

33,405

Net assets

19,381

Capital and reserves

Called up share capital

125

Profit and loss account

33,280

19,256

33,405

19,381

Shareholders funds

For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Date approved by the board: 30 June 2016

Mr A Lupton Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Beckwith Design Associates Limited

For the year ended 31 March 2016

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

Deferred taxation

Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.

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Notes to the Abbreviated Financial Statements

Beckwith Design Associates Limited

For the year ended 31 March 2016

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

25% Reducing balance

Fixtures and Fittings

25% Reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

17,473

At 01 April 2015

422

Additions

At 31 March 2016

17,895

Depreciation

14,285

At 01 April 2015

902

Charge for year

15,187

At 31 March 2016

Net book values

At 31 March 2016

2,708

3,188

At 31 March 2015

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Notes to the Abbreviated Financial Statements

Beckwith Design Associates Limited

For the year ended 31 March 2016

2016

3 Creditors: amounts falling due within one year

2015

4,143

Bank loans and overdrafts (secured)

The bank hold a £15,000 personal guarantee from Mr A & Mrs K S Lupton, directors of the company.

4 Share capital

Allotted called up and fully paid

2016

2015

125 Class A shares of £1.00 each

125

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