| Bill Bannister Sales & Lettings Limited |
|
| 66 West End, Redruth |
|
| Balance Sheet |
|
| As at 31 March 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
52,500 |
|
|
60,000 |
| Tangible assets |
3 |
|
|
11,564 |
|
|
10,645 |
|
|
|
|
64,064 |
|
|
70,645 |
|
| Current assets |
| Debtors |
4 |
|
3,939 |
|
|
17,854 |
| Cash at bank and in hand |
|
|
94,339 |
|
|
39,297 |
|
|
|
98,278 |
|
|
57,151 |
|
| Creditors: amounts falling due within one year |
5 |
|
(65,695) |
|
|
(57,677) |
|
| Net current assets/(liabilities) |
|
|
|
32,583 |
|
|
(526) |
|
| Total assets less current liabilities |
|
|
|
96,647 |
|
|
70,119 |
|
|
| Provisions for liabilities |
|
|
|
(742) |
|
|
(742) |
|
|
| Net assets |
|
|
|
95,905 |
|
|
69,377 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
95,805 |
|
|
69,277 |
|
| Shareholders' funds |
|
|
|
95,905 |
|
|
69,377 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
| ………………………. |
| Mr W Bannister |
| Director |
| Approved by the board on 28 December 2017 |
|
| Bill Bannister Sales & Lettings Limited |
|
| 66 West End, Redruth |
|
| Notes to the Accounts |
|
| For the Year Ended 31 March 2017 |
|
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
|
Turnover |
|
Turnove represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers of the estate agency and property letting agency. |
|
|
Depreciation |
|
Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Furniture and equipment |
20% on a reducing balance basis |
|
Motor vehicles |
20% on a reducing balance basis |
|
| 2 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 April 2016 |
75,000 |
|
At 31 March 2017 |
75,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2016 |
15,000 |
|
Provided during the year |
7,500 |
|
At 31 March 2017 |
22,500 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2017 |
52,500 |
|
At 31 March 2016 |
60,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Furniture and equipment |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2016 |
836 |
|
28,613 |
|
1,500 |
|
30,949 |
|
Additions |
- |
|
3,654 |
|
- |
|
3,654 |
|
At 31 March 2017 |
836 |
|
32,267 |
|
1,500 |
|
34,603 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2016 |
- |
|
19,648 |
|
656 |
|
20,304 |
|
Charge for the year |
- |
|
2,524 |
|
211 |
|
2,735 |
|
At 31 March 2017 |
- |
|
22,172 |
|
867 |
|
23,039 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2017 |
836 |
|
10,095 |
|
633 |
|
11,564 |
|
At 31 March 2016 |
836 |
|
8,965 |
|
844 |
|
10,645 |
|
|
| 4 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade debtors |
2,935 |
|
13,736 |
|
Other debtors |
1,004 |
|
4,118 |
|
|
|
|
|
|
3,939 |
|
17,854 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade creditors |
11,056 |
|
10,227 |
|
Corporation tax |
25,759 |
|
24,391 |
|
Other taxes and social security costs |
25,406 |
|
21,994 |
|
Other creditors |
3,474 |
|
1,065 |
|
|
|
|
|
|
65,695 |
|
57,677 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
Bill Bannister Sales & Lettings Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
66 Fore Street |
|
Redruth |
|
Cornwall |
|
TR15 2SQ |
|
Registered number: 02228865 |
