Abbreviated Company Accounts - BUTTERWORTH SPENGLER PROFESSIONAL RISKS LIMITED

BUTTERWORTH SPENGLER PROFESSIONAL RISKS LIMITED - Company Information

06808611 BUTTERWORTH SPENGLER PROFESSIONAL RISKS LIMITED 2013-12-31 false 2012-07-01 2013-12-31 true 06808611 2012-07-01 2013-12-31 06808611 2013-12-31 06808611 2012-06-30 06808611 uk-gaap-cd-bus:Director1 2012-07-01 2013-12-31 06808611 uk-gaap-cd-bus:Director2 2012-07-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-07-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-06-30 iso4217:GBP shares

Registered Number 06808611

BUTTERWORTH SPENGLER PROFESSIONAL RISKS LIMITED

Abbreviated Accounts

31 December 2013

BUTTERWORTH SPENGLER PROFESSIONAL RISKS LIMITED Registered Number 06808611

Abbreviated Balance Sheet as at 31 December 2013

	Notes	31/12/2013	30/06/2012
		£	£
Current assets
Debtors		7,230	32,386
Cash at bank and in hand		34,216	3,808
		41,446	36,194
Creditors: amounts falling due within one year		(9,799)	(11,280)
Net current assets (liabilities)		31,647	24,914
Total assets less current liabilities		31,647	24,914
Total net assets (liabilities)		31,647	24,914
Capital and reserves
Called up share capital	2	100	100
Other reserves		10,000	10,000
Profit and loss account		21,547	14,814
Shareholders' funds		31,647	24,914

For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.

Approved by the Board on 30 September 2014

And signed on their behalf by:
G N Spengler, Director

BUTTERWORTH SPENGLER PROFESSIONAL RISKS LIMITED Registered Number 06808611

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer equipment - 33% straightline

Other accounting policies
DEFERRED TAXATION
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.

A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.

Deferred tax assets and liabilities are not discounted.

PENSIONS
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the period.

RELATED PARTY TRANSACTIONS
Included in other debtors is an amount owed from Butterworth Spengler Commercial Limited of £3,626 (2012: £23,448).

Other reserves represent a subordinated loan of £10,000 (2012: £10,000) due to Butterworth Spengler Commercial Limited.

G N Spengler, J C Lacey and L M Saunders are all directors and shareholders of both companies.

All transactions were conducted at an arms length basis.

ULTIMATE CONTROLLING PARTY
There is no ultimate controlling party.

2Called Up Share Capital
Allotted, called up and fully paid:

	31/12/2013 £	30/06/2012 £
100 Ordinary shares of £1 each	100	100