Toby Burnham Communications Limited - Period Ending 2017-02-28

Registration number: 08416311

Toby Burnham Communications Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2017

Toby Burnham Communications Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 5

Toby Burnham Communications Limited

(Registration number: 08416311)
Balance Sheet as at 28 February 2017

	Note	2017 £	2016 £
Fixed assets
Tangible assets	4	547	1,094
Current assets
Debtors	5	50,064	28,213
Cash at bank and in hand		1,913	3,632
		51,977	31,845
Creditors: Amounts falling due within one year	6	(52,418)	(32,830)
Net current liabilities		(441)	(985)
Net assets		106	109
Capital and reserves
Called up share capital		100	100
Profit and loss account		6	9
Total equity		106	109

For the financial year ending 28 February 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 30 November 2017 and signed on its behalf by:
 

.........................................

Mr Toby Edmund Burnham

Director

The notes on pages 2 to 5 form an integral part of these financial statements.

Page 1

Toby Burnham Communications Limited

Notes to the Financial Statements for the Year Ended 28 February 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
31A Charnham Street
Hungerford
Berkshire
RG17 0EJ
England

The principal place of business is:
16 Blandys Hill
Kintbury
Hungerford
Berkshire
RG17 9UE
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Page 2

Toby Burnham Communications Limited

Notes to the Financial Statements for the Year Ended 28 February 2017

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2016 - 1).

Page 3

Toby Burnham Communications Limited

Notes to the Financial Statements for the Year Ended 28 February 2017

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 March 2016	2,187	2,187
At 28 February 2017	2,187	2,187
Depreciation
At 1 March 2016	1,093	1,093
Charge for the year	547	547
At 28 February 2017	1,640	1,640
Carrying amount
At 28 February 2017	547	547
At 29 February 2016	1,094	1,094

5

Debtors

	2017 £	2016 £
Trade debtors	20,700	27,795
Other debtors	29,364	418
Total current trade and other debtors	50,064	28,213

6

Creditors

	Note	2017 £	2016 £
Due within one year
Taxation and social security		48,660	31,122
Other creditors		3,758	1,708
		52,418	32,830

Page 4

Toby Burnham Communications Limited

Notes to the Financial Statements for the Year Ended 28 February 2017

7	Loans and borrowings

	2017 £	2016 £
Current loans and borrowings

8	Related party transactions

Transactions with directors

2017	At 1 March 2016 £	Advances to directors £	At 28 February 2017 £
Mr Toby Edmund Burnham
received loans from the company. These loans are repayable within nine months and incurred interest at 3% per annum	2,050	27,314	29,364

2016	At 1 March 2015 £	Advances to directors £	At 29 February 2016 £
Mr Toby Edmund Burnham
received loans from the company. These loans are repayable within nine months and incurred interest at 3% per annum	(267)	2,317	2,050

Other transactions with directors

During the period dividends totalling £70,000 (2016: £95,900) were paid to the directors.

9	Transition to FRS 102

There were no changes required as a result of transition to FRS 102.

Page 5