Lucy Bristow Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04705364 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

LUCY BRISTOW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss L Bristow

REGISTERED OFFICE:

12 Orchard Street

Bristol

BS1 5EH

REGISTERED NUMBER:

04705364 (England and Wales)

ACCOUNTANTS:

Keller & Co

367b Church Road

Frampton Cotterell

Bristol

BS36 2AQ

FIXED ASSETS

Intangible assets

4

263,057

292,286

Tangible assets

5

10,754

15,895

273,811

308,181

CURRENT ASSETS

Work in progress

-

8,156

Debtors

6

228,545

196,661

Cash at bank and in hand

150,442

222,988

378,987

427,805

CREDITORS

Amounts falling due within one year

7

(125,314

)

(106,001

)

NET CURRENT ASSETS

253,673

321,804

TOTAL ASSETS LESS CURRENT LIABILITIES

527,484

629,985

PROVISIONS FOR LIABILITIES

-

(807

)

NET ASSETS

527,484

629,178

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

527,384

629,078

SHAREHOLDERS' FUNDS

527,484

629,178

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 her 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 25 September 2017 and were signed by:

Miss L Bristow - Director

1.	STATUTORY INFORMATION

Lucy Bristow 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.

Turnover

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

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised

over its remaining estimated useful life of 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

life:

Office equipment - 20% on cost

Depreciation has been included for motor vehicles this year so that the net book value reflects the market value

as at 31 March 2017.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing work in progress to their present location and condition.

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 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 5 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

496,554

AMORTISATION

At 1 April 2016

204,268

Charge for year

29,229

At 31 March 2017

233,497

NET BOOK VALUE

At 31 March 2017

263,057

At 31 March 2016

292,286

5.	TANGIBLE FIXED ASSETS

Office

Motor

Equipment

vehicles

Totals

£

£

£

COST

At 1 April 2016

100,428

34,288

134,716

Additions

160

-

160

At 31 March 2017

100,588

34,288

134,876

DEPRECIATION

At 1 April 2016

89,956

28,865

118,821

Charge for year

4,078

1,223

5,301

At 31 March 2017

94,034

30,088

124,122

NET BOOK VALUE

At 31 March 2017

6,554

4,200

10,754

At 31 March 2016

10,472

5,423

15,895

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

165,666

121,552

Other debtors

62,879

75,109

228,545

196,661

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

17,605

12,556

Taxation and social security

70,762

56,479

Other creditors

36,947

36,966

125,314

106,001

8.	OTHER FINANCIAL COMMITMENTS

As at 31 March 2017 the company has future commitments of £23,500 for rent of the office premises and £373

for the leasing of equipment.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2017 the company is owed £41,815 from the director Miss C L Bristow, being the balance of the

directors loan account. This was cleared on 6 April 2017.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £54,000 were paid to the director .

The company is owned and controlled by the director Miss C L Bristow.