Brickendon Digital Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05882176 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2017 TO 31 DECEMBER 2017

FOR

BRICKENDON DIGITAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr C R Burke

SECRETARY:

SD Company Secretaries Limited

REGISTERED OFFICE:

4 Prince Albert Road

London

NW1 7SN

REGISTERED NUMBER:

05882176 (England and Wales)

ACCOUNTANTS:

Scodie Deyong LLP

Chartered Accountants

4 Prince Albert Road

London

NW1 7SN

FIXED ASSETS

Tangible assets

4

799

923

CURRENT ASSETS

Debtors

5

373,045

254,310

Cash at bank and in hand

57,164

66,468

430,209

320,778

CREDITORS

Amounts falling due within one year

6

48,608

63,085

NET CURRENT ASSETS

381,601

257,693

TOTAL ASSETS LESS CURRENT LIABILITIES

382,400

258,616

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

382,300

258,516

SHAREHOLDERS' FUNDS

382,400

258,616

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 10 April 2018 and were signed by:

Mr C R Burke - Director

1.	STATUTORY INFORMATION

Brickendon Digital 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer equipment

-

25% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 period was NIL (2017 - 5 ).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 July 2017

and 31 December 2017

3,251

DEPRECIATION

At 1 July 2017

2,328

Charge for period

124

At 31 December 2017

2,452

NET BOOK VALUE

At 31 December 2017

799

At 30 June 2017

923

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2017

£

£

Amounts owed by parent company

372,885

251,890

Other debtors

160

2,420

373,045

254,310

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2017

£

£

Bank loans and overdrafts

-

7

Trade creditors

16,346

17,397

Taxation and social security

19,755

25,838

Other creditors

12,507

19,843

48,608

63,085

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2017

value:

£

£

62

Ordinary A

£1

62

62

28

Ordinary B

£1

28

28

4

Ordinary C

£1

4

4

6

Ordinary D

£1

6

6

100

100

8.	RELATED PARTY DISCLOSURES

Brickendon Consulting Limited

The company is a subsidiary of Brickendon Consulting Limited.

During the period under review the company was invoiced the sum of £92,188 (2017: £81,426) by Brickendon

Consulting Limited in respect of services performed. The company was invoiced the sum of £56,460 (June 2017:

£nil) for rechargeable expenses from Brickendon Consulting Limited.

The company invoiced the sum of £13,306 to Brickendon Consulting Limited in respect of services performed.

During the period the company loaned £70,000 (2017: £304,630) to Brickendon Consulting Limited.

2017

2017

£

£

Amount due from related party at the balance sheet date

372,885

251,890

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr C R Burke.

The ultimate controlling party is Mr C R Burke by virtue of his shareholding in Brickendon Consulting Limited.