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BECKWITH DESIGN ASSOCIATES LIMITED - Company Information

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Beckwith Design Associates Limited

Registered Number:04838177

For the year ended 31 March 2017

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2017

Beckwith Design Associates Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 March 2017

Beckwith Design Associates Limited

Statement of Financial Position

Registered Number :

04838177

2016

2017

Notes

Fixed assets

Property, plant and equipment

2,013

2,708

2,013

2,708

Current assets

Trade and other receivables

61,998

42,964

58,220

Cash and cash equivalents

9,835

52,799

120,218

Trade and other payables: amounts falling due within one year

(89,118)

(35,680)

31,100

17,119

Net current assets

Total assets less current liabilities

19,132

33,808

(403)

Provisions for liabilities

18,729

Net assets

33,405

Capital and reserves

Called up share capital

125

Retained earnings

18,604

33,280

18,729

33,405

Shareholders' funds

For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

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 proper 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 Section 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.

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

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.

Mr A Lupton Director

These financial statements were approved and authorised for issue by the Board on 12 September 2017 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2017

Beckwith Design Associates Limited

Notes to the Financial Statements

Statutory Information

Beckwith Design Associates Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 04838177.

Registered address:

The Studio

53 Leeds Road

Bradford

BD1 5AF

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain

assets.

Revenue recognition

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

Property, plant and equipment

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:

25% Reducing balance

Computer equipment

25% Reducing balance

Fixtures and fittings

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.

Inventories

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.

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.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

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For the year ended 31 March 2017

Beckwith Design Associates Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Cost or valuation

At 01 April 2016

17,895

17,113

782

At 31 March 2017

782

17,113

17,895

Provision for depreciation and impairment

At 01 April 2016

15,187

14,429

758

Charge for year

695

671

At 31 March 2017

15,882

15,100

782

At 31 March 2017

Net book value

2,013

At 31 March 2016

2,684

2,708

3. Trade and other receivables

2016

2017

Trade debtors

41,814

59,288

Other debtors

1,150

2,710

61,998

42,964

4. Trade and other payables: amounts falling due within one year

2016

2017

Trade creditors

3,863

1,749

Taxation and social security

20,987

23,532

Other creditors

10,830

63,837

35,680

89,118

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

5. Related party transactions

At the year end the company owed £9,285 (2016: £62,332) to Mr A & Mrs K S Lupton, all directors of the company.

Mr A & Mrs K S Lupton have provided a personal guarantee of £15,000 as security against the borrowings of the company.

During the year the company was charged £30,000 (2016:£47,500) by Mr A & Mrs K S Lupton for rent.

The ultimate controlling party is Mr A Lupton, a director of the company, who owns 50.4% of the issued voting shares of the

company.

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For the year ended 31 March 2017

Beckwith Design Associates Limited

Notes to the Financial Statements Continued

6. Guarantees and other financial commitments

Lease commitments

At 31 March 2017 the company had annual commitments under non-cancellable operating leases as set out below:

2016

2017

Operating leases which expire:

3,731

Within 1 year

7,047

11,707

Within 2 to 5 years

11,707

10,778

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