Hadland Manning Bullock & Partners Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04349128 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

HADLAND MANNING BULLOCK & PARTNERS

LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R H Trotman

O H Fickling

REGISTERED OFFICE:

Apollo Park

Wroxton

Banbury

Oxfordshire

OX15 6AY

REGISTERED NUMBER:

04349128 (England and Wales)

ACCOUNTANTS:

DNG Dove Naish

Chartered Accountants

Eagle House

28 Billing Road

Northampton

NN1 5AJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,509

5,256

3,509

5,256

CURRENT ASSETS

Debtors

6

215,881

196,640

Cash at bank and in hand

103,008

103,174

318,889

299,814

CREDITORS

Amounts falling due within one year

7

48,467

33,917

NET CURRENT ASSETS

270,422

265,897

TOTAL ASSETS LESS CURRENT LIABILITIES

273,931

271,153

PROVISIONS FOR LIABILITIES

702

1,051

NET ASSETS

273,229

270,102

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

273,129

270,002

SHAREHOLDERS' FUNDS

273,229

270,102

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 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 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 Board of Directors on 23 June 2017 and were signed on its behalf by:

R H Trotman - Director

O H Fickling - Director

1.	STATUTORY INFORMATION

Hadland Manning Bullock & Partners 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents revenue earned under service contracts. Revenue is recognised as earned when,

and to the extent that, a right to consideration arises in exchange for the performance of obligations

under these contracts. It is measured at the fair value of the right to consideration, which represents

the amounts billable to clients, including expenses and disbursements but excluding value added tax.

In respect of incomplete contracts, and to the extent that a right to consideration arises, the amount of

revenue recognised reflects the accrual of the right to this consideration by reference to the value of

work performed to date. Revenue not billed to clients is included in debtors.

Goodwill

Goodwill has been fully amortised.

Tangible fixed assets

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

Improvements to leasehold property

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Office equipment

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

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.

First year adoption

This is the first year in which the financial statements have been prepared under FRS 102 (1A). Any

adjustments on transition are explained in the notes to the accounts.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term

deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are

recorded at transaction price. Any losses arising from impairment are recognised in the statement of

comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in

the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a

similar debt instrument, those financial instruments are classed as financial liabilities. Financial

liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to

financial liabilities are included in the profit and loss account. Finance costs are calculated so as to

produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a

financial liability then this is classed as an equity instrument. Dividends and distributions relating to

equity instruments are debited direct to equity.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2016 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

145,000

AMORTISATION

At 1 April 2016

and 31 March 2017

145,000

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

Fixtures

leasehold

and

Office

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2016

10,519

5,233

9,936

25,688

Additions

-

-

291

291

At 31 March 2017

10,519

5,233

10,227

25,979

DEPRECIATION

At 1 April 2016

10,519

3,025

6,888

20,432

Charge for year

-

552

1,486

2,038

At 31 March 2017

10,519

3,577

8,374

22,470

NET BOOK VALUE

At 31 March 2017

-

1,656

1,853

3,509

At 31 March 2016

-

2,208

3,048

5,256

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

138,204

128,020

Amounts owed by group undertakings

75,500

65,332

Prepayments and accrued income

2,177

3,288

215,881

196,640

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

7,212

884

Tax

17,385

6,173

Social security and other taxes

2,105

1,979

VAT

19,515

22,681

Accruals and deferred income

2,250

2,200

48,467

33,917

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

80

Ordinary

£1

80

80

20

A-Ordinary

£1

20

20

100

100

9.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held

separately from those of the company in an independently administered fund. The pension cost charge

represents contributions payable by the company and no contributions were outstanding at the year

end.

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related

party transactions with wholly owned subsidiaries within the group.

11.	ULTIMATE CONTROLLING PARTY

The immediate parent company is HMBP Holdings Limited.

12.	FIRST YEAR ADOPTION

This is the first year in which the financial statements have been produced under FRS 102. There have

been no adjustments to the reported profit for the year or the opening and closing shareholders' funds

as a result of the transition