ACCOUNTS - Final Accounts

Commitments under operating leases

At 30 September 2017 the Company had future minimum lease payments under non-cancellable operating leases as follows:

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-09-302017-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2016-10-01 03430300 2016-10-01 2017-09-30 03430300 2017-09-30 03430300 2015-10-01 2016-09-30 03430300 2016-09-30 03430300 c:CompanySecretary1 2016-10-01 2017-09-30 03430300 c:Director1 2016-10-01 2017-09-30 03430300 c:Director2 2016-10-01 2017-09-30 03430300 c:RegisteredOffice 2016-10-01 2017-09-30 03430300 d:Buildings d:LongLeaseholdAssets 2016-10-01 2017-09-30 03430300 d:Buildings d:LongLeaseholdAssets 2017-09-30 03430300 d:Buildings d:LongLeaseholdAssets 2016-09-30 03430300 d:PlantMachinery 2016-10-01 2017-09-30 03430300 d:PlantMachinery 2017-09-30 03430300 d:PlantMachinery 2016-09-30 03430300 d:PlantMachinery d:OwnedOrFreeholdAssets 2016-10-01 2017-09-30 03430300 d:MotorVehicles 2016-10-01 2017-09-30 03430300 d:MotorVehicles 2017-09-30 03430300 d:MotorVehicles 2016-09-30 03430300 d:MotorVehicles d:OwnedOrFreeholdAssets 2016-10-01 2017-09-30 03430300 d:FurnitureFittings 2016-10-01 2017-09-30 03430300 d:FurnitureFittings 2017-09-30 03430300 d:FurnitureFittings 2016-09-30 03430300 d:FurnitureFittings d:OwnedOrFreeholdAssets 2016-10-01 2017-09-30 03430300 d:OwnedOrFreeholdAssets 2016-10-01 2017-09-30 03430300 d:CurrentFinancialInstruments 2017-09-30 03430300 d:CurrentFinancialInstruments 2016-09-30 03430300 d:Non-currentFinancialInstruments 2017-09-30 03430300 d:Non-currentFinancialInstruments 2016-09-30 03430300 d:CurrentFinancialInstruments d:WithinOneYear 2017-09-30 03430300 d:CurrentFinancialInstruments d:WithinOneYear 2016-09-30 03430300 d:Non-currentFinancialInstruments d:AfterOneYear 2017-09-30 03430300 d:Non-currentFinancialInstruments d:AfterOneYear 2016-09-30 03430300 d:ShareCapital 2017-09-30 03430300 d:ShareCapital 2016-09-30 03430300 d:RetainedEarningsAccumulatedLosses 2017-09-30 03430300 d:RetainedEarningsAccumulatedLosses 2016-09-30 03430300 c:FRS102 2016-10-01 2017-09-30 03430300 c:AuditExempt-NoAccountantsReport 2016-10-01 2017-09-30 03430300 c:FullAccounts 2016-10-01 2017-09-30 03430300 c:PrivateLimitedCompanyLtd 2016-10-01 2017-09-30 03430300 d:WithinOneYear 2017-09-30 03430300 d:WithinOneYear 2016-09-30 03430300 d:BetweenOneFiveYears 2017-09-30 03430300 d:BetweenOneFiveYears 2016-09-30 03430300 d:MoreThanFiveYears 2017-09-30 03430300 d:MoreThanFiveYears 2016-09-30 iso4217:GBP xbrli:pure

Company registration number: 03430300

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 SEPTEMBER 2017

	BURVILLS LIMITED


BURVILLS LIMITED

COMPANY INFORMATION

Directors	Mr D Weston
	Mr C Clarkson


Company secretary	Mr D Weston


Registered number	03430300


Registered office	Victoria House
	Victoria Road
	Farnborough
	Hampshire
	GU14 7PG


Trading Address	Sandown Industrial Park
	Unit C2
	Mill Road
	Esher
	KT10 8BL



Accountants	Menzies LLP
	Chartered Accountants
	Victoria House
	50-58 Victoria Road
	Farnborough
	Hampshire
	GU14 7PG


BURVILLS LIMITED

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 6


BURVILLS LIMITED REGISTERED NUMBER:03430300

BALANCE SHEET

AS AT 30 SEPTEMBER 2017

		2017		2016
Note		£		£

Fixed assets
Tangible assets	4		181,412		229,323
			181,412		229,323
Current assets
Stocks		32,825		29,690
Debtors: amounts falling due within one year	5	588,113		557,127
Cash at bank and in hand		689,139		593,686
		1,310,077		1,180,503
Creditors: amounts falling due within one year	6	(561,429)		(486,032)
Net current assets			748,648		694,471
Total assets less current liabilities			930,060		923,794
Creditors: amounts falling due after more than one year	7		(26,261)		(77,957)
Provisions for liabilities
Deferred tax		(24,675)		(32,428)
			(24,675)		(32,428)
Net assets			879,124		813,409

Capital and reserves
Alloted, called up and fully paid share capital	40,000	40,000
Profit and loss account	839,124	773,409
	879,124	813,409

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1


BURVILLS LIMITED REGISTERED NUMBER:03430300

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2017

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 June 2018.

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

Mr D Weston

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2


BURVILLS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

1.	General information

The company is a private company limited by shares, registered in England and Wales. The address of its registered office and the address of principal place of business are disclosed on the company information page.

The financial statements are presented in sterling which is the functional currency of the company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property	-	Over the life of the lease
Plant and machinery	-	15% on cost
Motor vehicles	-	25% on cost
Fixtures and fittings	-	15% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

Page 3


BURVILLS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

2.Accounting policies (continued)

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Employees

The average monthly number of employees, including directors, during the year was 19 (2016 - 19).

Page 4


BURVILLS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

4.	Tangible fixed assets

	Long-term leasehold property	Plant and machinery	Motor vehicles	Fixtures and fittings	Total
	£	£	£	£	£
Cost or valuation
At 1 October 2016	26,953	228,453	102,480	42,579	400,465
Additions	-	1,244	12,500	697	14,441
At 30 September 2017	26,953	229,697	114,980	43,276	414,906
Depreciation
At 1 October 2016	5,971	81,939	69,967	13,264	171,141
Charge for the year on owned assets	2,753	33,328	20,312	5,960	62,353
At 30 September 2017	8,724	115,267	90,279	19,224	233,494
Net book value
At 30 September 2017	18,229	114,430	24,701	24,052	181,412
At 30 September 2016	20,982	146,514	32,513	29,315	229,324

Debtors

					2017	2016
					£	£


Trade debtors	468,693	455,846
Other debtors	84,863	76,475
Prepayments and accrued income	34,557	24,806
	588,113	557,127

Page 5


BURVILLS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

6.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Trade creditors	96,720	89,621
Corporation tax	101,644	126,432
Other taxation and social security	16,890	9,343
Obligations under finance leases and hire purchase contracts	51,697	36,363
Other creditors	27,007	8,126
Accruals and deferred income	267,471	216,147
	561,429	486,032

Within other creditors is the balance of £22,956 (2016: 8,126) due to the directors.

7.	Creditors: Amounts falling due after more than one year
		2017	2016
		£	£

Obligations under finance leases and hire purchase contracts	26,261	77,957
	26,261	77,957

Not later than 1 year	44,143	44,143
Later than 1 year and not later than 5 years	174,000	174,000
Later than 5 years	78,179	121,679
	296,322	339,822

9.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

Page 6