Bednall Associates (Ripley) Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 02833125 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

BEDNALL ASSOCIATES (RIPLEY) LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

Mr P Bednall

REGISTERED OFFICE:

17 Copper Beeches

Ripley

Derby

Derbyshire

DE5 3ED

REGISTERED NUMBER:

02833125 (England and Wales)

ACCOUNTANTS:

Cobb Burgin & Co

Chartered Accountants

129a Middleton Boulevard

Wollaton Park

Nottingham

NG8 1FW

FIXED ASSETS

Tangible assets

4

599

799

CURRENT ASSETS

Debtors

5

25,829

24,883

Cash at bank

7,416

18,090

33,245

42,973

CREDITORS

Amounts falling due within one year

6

(12,058

)

(25,743

)

NET CURRENT ASSETS

21,187

17,230

TOTAL ASSETS LESS CURRENT LIABILITIES

21,786

18,029

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

21,766

18,009

SHAREHOLDERS' FUNDS

21,786

18,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 30 May 2017 and were signed by:

Mr P Bednall - Director

1.	STATUTORY INFORMATION

Bednall Associates (Ripley) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

In preparing the financial statements, the directors have considered whether in applying the accounting

policies required by FRS 102 Section 1a, a restatement of comparative items was needed.

No restatements were required.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

25% on reducing balance

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 April 2016

and 31 March 2017

8,573

DEPRECIATION

At 1 April 2016

7,774

Charge for year

200

At 31 March 2017

7,974

NET BOOK VALUE

At 31 March 2017

599

At 31 March 2016

799

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

5,779

4,883

Other debtors

20,000

20,000

Accruals

50

-

25,829

24,883

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

2,739

6,295

Social security and other taxes

2,431

3,216

VAT

4,100

2,861

Directors' current accounts

2,074

12,675

Accruals and deferred income

714

696

12,058

25,743

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and

31 March 2016:

2017

2016

£

£

Mr P Bednall

Balance outstanding at start of year

(12,675

)

6,841

Amounts advanced

10,601

-

Amounts repaid

-

(19,516

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,074

)

(12,675

)

During the year the company paid Mr Bednall interest in the sum of £498.

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £7,000 (2016 - £24,500) were paid to the director .