Bishopp & Co Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 10471983 (England and Wales)

Unaudited Financial Statements

for the Period

10 November 2016 to 30 November 2017

for

Bishopp & Co Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr P J C Bishopp

Mrs S C Bishopp

REGISTERED OFFICE:

The Orchard Office

Packway, Rectory Road

Kettleburgh

Woodbridge

Suffolk

IP13 7LJ

REGISTERED NUMBER:

10471983 (England and Wales)

ACCOUNTANTS:

Turner & Ellerby

Chartered Certified Accountants

5 Church Street

Framlingham

Woodbridge

Suffolk

IP13 9BQ

FIXED ASSETS

Tangible assets

4

15,797

CURRENT ASSETS

Debtors

5

500

Cash at bank

2,195

2,695

CREDITORS

Amounts falling due within one year

6

15,120

NET CURRENT LIABILITIES

(12,425

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,372

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

3,371

SHAREHOLDERS' FUNDS

3,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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 19 March 2018 and were signed on its behalf by:

Mr P J C Bishopp - Director

1.	STATUTORY INFORMATION

Bishopp & Co 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.

At the 30 November 2017 the Company had net current liabilities. In meeting the Company's working

capital requirements the directors have agreed to continue to support the Company for the next 12

months. On the basis that the directors consider, with their support, it appropriate to prepare the

financial statements on a going concern basis, the financial statements do not contain any

adjustments that would result from the withdrawal of their support.

Turnover

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

discounts, rebates, value added tax and other sales taxes.

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 property

-

10% on cost

Plant and machinery

-

20% on reducing balance

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

property

machinery

Totals

£

£

£

COST

Additions

16,455

2,270

18,725

Disposals

-

(1,034

)

(1,034

)

At 30 November 2017

16,455

1,236

17,691

DEPRECIATION

Charge for period

1,646

248

1,894

At 30 November 2017

1,646

248

1,894

NET BOOK VALUE

At 30 November 2017

14,809

988

15,797

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

1,923

Tax

1,019

VAT

584

Directors' current accounts

11,594

15,120