Bonner & Hindley Marketing & PR Limited - Accounts to registrar (filleted) - small 18.1
Bonner & Hindley Marketing & PR Limited - Accounts to registrar (filleted) - small 18.1
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended |
31 December 2017 |
for |
Bonner & Hindley Marketing & Public |
Relations Limited |
Bonner & Hindley Marketing & Public |
Relations Limited (Registered number: 03938518) |
Contents of the Financial Statements |
for the Year Ended 31 December 2017 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
Bonner & Hindley Marketing & Public |
Relations Limited (Registered number: 03938518) |
Balance Sheet |
31 December 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Bonner & Hindley Marketing & Public |
Relations Limited (Registered number: 03938518) |
Balance Sheet - continued |
31 December 2017 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors on behalf by: |
Bonner & Hindley Marketing & Public |
Relations Limited (Registered number: 03938518) |
Notes to the Financial Statements |
for the Year Ended 31 December 2017 |
1. | STATUTORY INFORMATION |
Bonner & Hindley Marketing & Public Relations Limited is a |
registered in England and Wales. The company's registered number and registered office address are |
as below: |
Registered number: | 03938518 |
Registered office: | 31 Burley Road |
Leeds |
West Yorkshire |
LS3 1JT |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with Financial Reporting Standard 102 |
"The Financial Reporting Standard applicable in UK and Republic of Ireland" and the Companies Act |
2006 as applicable to companies subject to the small companies regime. The disclosure requirements |
of section 1A of FRS 102 have been applied other than where additional disclosure is required to show |
a true and fair view. |
The financial statements have been prepared under the historical cost convention. |
Turnover |
Turnover from the supply of services represents the value of services provided under contracts to the |
extent that there is a right to consideration and is recorded at the fair value of the consideration |
received or receivable. Where a contract has only been partially completed at the balance sheet date |
turnover represents the fair value of the service provided to date based on the stage of completion and |
the contract activity at the balance sheet date. Where payments are received from customers in |
advance of services provided, the amounts are recorded as deferred income and included as part of |
creditors due within one year. |
Goodwill |
Goodwill arising on the acquisition of subsidiary undertakings and businesses, representing any |
excess of fair value of the consideration given over the fair value of the identifiable assets and liabilities |
acquired, is capitalised and written off on a straight line basis over its economic life, which is ten years. |
Provision is made for any impairment. |
Tangible fixed assets |
Tangible fixed assets are stated at purchase cost, net of depreciation. |
Depreciation is provided on all tangible assets at rates calculated to write off the cost less estimated |
residual value of each asset on a straight line basis over its expected useful life as follows: |
Fixtures and fittings | - 25% on cost |
Computer equipment | - 25% on cost |
Residual value represents the estimated amount which would currently be obtained from disposal of an |
asset after deducting estimated costs of disposal, if the asset were already at an age and in the |
condition expected at the end of its estimated useful life. |
The gain or loss arising on the disposal of an asset is determined on the difference between the sale |
proceeds and the carrying value of the asset, and is recognised in the profit and loss account. |
Bonner & Hindley Marketing & Public |
Relations Limited (Registered number: 03938518) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) |
using the tax rates and laws that have been enacted or substantively enacted by the balance sheet |
date. |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date where transactions or events that result in an obligation to pay more tax in the |
future or a right to pay less tax in the future have occurred at the balance sheet date. Timing |
differences are differences between the company's taxable profits and its results as stated in the |
financial statements that arise from the inclusion of gains and losses in tax assessments in periods |
different from those in which they are recognised in the financial statements. Deferred tax is |
measured using the tax rates and laws that have been enacted or substantively enacted by the |
balance sheet date and are expected to apply to the reversal of the timing difference. |
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. |
Dividends |
Equity dividends are recognised when they become legally payable. Interim equity dividends are |
recognised when paid. Final equity dividends are recognised when approved by the shareholders at an |
Annual General Meeting. |
Financial instruments |
Financial assets and financial liabilities are recognised when the company becomes a party to the |
contractual provisions of the instrument. |
Financial liabilities and equity instruments are classified according to the substance of the contractual |
arrangements entered into. An equity instrument is any contract that evidences a residual interest in |
the assets of the company after deducting all of its liabilities. |
All financial assets and liabilities are initially measured at transaction price (including transaction |
costs), except for those financial assets classified as at fair value through profit and loss, which are |
initially measured at fair value (which is normally the transaction price excluding transaction costs), |
unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing |
transaction, the financial asset or financial liability is measured at the present value of the future |
payments discounted at a market rate of interest for a similar debt instrument. |
The following assets and liabilities are classified as basic financial instruments - trade debtors, cash |
and bank balances and trade creditors. |
Trade debtors, cash and bank balances and trade creditors are measured at the amortised cost |
equivalent to the undiscounted amount of cash or other consideration expected to be paid or received. |
Bonner & Hindley Marketing & Public |
Relations Limited (Registered number: 03938518) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
2. | ACCOUNTING POLICIES - continued |
Impairment of assets |
Assets, other than those measured at fair value, are assessed for indicators of impairment at each |
balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in |
profit and loss as described below. |
Non financial assets |
An asset is impaired when there is objective evidence that, as a result of one or more events that |
occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The |
recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. |
Financial assets |
For financial assets carried at cost less impairment, the impairment loss is the difference between the |
asset's carrying amount and the best estimate of the amount that would be received for the asset if it |
were sold at the reporting date. |
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively |
to an event occurring after the impairment was recognised, the prior impairment loss is tested to |
determine reversal. An impairment loss is reversed on an individual impaired financial asset to the |
extent that the revised recoverable value does not lead to a revised carrying amount higher than the |
carrying value had the impairment loss not been recognised. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 January 2017 |
and 31 December 2017 |
AMORTISATION |
At 1 January 2017 |
and 31 December 2017 |
NET BOOK VALUE |
At 31 December 2017 |
At 31 December 2016 |
Bonner & Hindley Marketing & Public |
Relations Limited (Registered number: 03938518) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 January 2017 |
Additions |
At 31 December 2017 |
DEPRECIATION |
At 1 January 2017 |
Charge for year |
At 31 December 2017 |
NET BOOK VALUE |
At 31 December 2017 |
At 31 December 2016 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CALLED UP SHARE CAPITAL |
2017 | 2016 |
£ | £ |
Allotted, issued and fully paid | 100 | 100 |
Bonner & Hindley Marketing & Public |
Relations Limited (Registered number: 03938518) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 31 December 2017 |
and 31 December 2016: |
2017 | 2016 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
The directors' loan accounts have been repaid in full subsequent to the year end. |