ALEXANDER BURSK LIMITED

ALEXANDER BURSK LIMITED

ALEXANDER BURSK LIMITED - Company Information

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ALEXANDER BURSK LIMITED

Company Registration Number:
08021691 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2017

Period of accounts

Start date: 01 May 2017

End date: 31 October 2017

ALEXANDER BURSK LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2017

Balance sheet
Notes

ALEXANDER BURSK LIMITED

Balance sheet

As at 31 October 2017


Notes
31 October 2017
30 April 2017


£
£
Fixed assets
Intangible assets: 2 427,500 429,000
Tangible assets: 3 16,650 31,350
Total fixed assets: 444,150 460,350
Current assets
Stocks: 187,866 151,807
Debtors:   245,557 279,413
Cash at bank and in hand: 135 404
Total current assets: 433,558 431,624
Creditors: amounts falling due within one year:   (281,211) (353,726)
Net current assets (liabilities): 152,347 77,898
Total assets less current liabilities: 596,497 538,248
Total net assets (liabilities): 596,497 538,248
Capital and reserves
Called up share capital: 300,010 300,010
Profit and loss account: 296,487 238,238
Shareholders funds: 596,497 538,248

The notes form part of these financial statements

ALEXANDER BURSK LIMITED

Balance sheet statements

For the year ending 31 October 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 July 2018
and signed on behalf of the board by:

Name: I S Epstein
Status: Director

The notes form part of these financial statements

ALEXANDER BURSK LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on the despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred in respect of the transactions can be measured reliably

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:- If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

ALEXANDER BURSK LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

2. Intangible Assets

Total
Cost £
At 01 May 2017 500,000
Additions 11,000
At 31 October 2017 511,000
Amortisation
At 01 May 2017 71,000
Charge for year 12,500
At 31 October 2017 83,500
Net book value
At 31 October 2017 427,500
At 30 April 2017 429,000

ALEXANDER BURSK LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

3. Tangible Assets

Total
Cost £
At 01 May 2017 60,419
Additions 11,907
Disposals (24,389)
At 31 October 2017 47,937
Depreciation
At 01 May 2017 29,069
Charge for year 5,707
On disposals (3,489)
At 31 October 2017 31,287
Net book value
At 31 October 2017 16,650
At 30 April 2017 31,350

ALEXANDER BURSK LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

4. Loans to directors

Name of director receiving advance or credit: Ian Epstein
Description of the loan: Advance
£
Balance at 01 May 2017 71,154
Advances or credits made: 51,842
Advances or credits repaid: 85,887
Balance at 31 October 2017 37,109
Name of director receiving advance or credit: Ian Epstein
Description of the loan: Advance
£
Balance at 01 May 2017 71,154
Advances or credits made: 51,842
Advances or credits repaid: 85,887
Balance at 31 October 2017 37,109
Name of director receiving advance or credit: B Fine
Description of the loan: Advance
£
Balance at 01 May 2017 57,919
Advances or credits made: 40,741
Advances or credits repaid: 45,552
Balance at 31 October 2017 53,108

ALEXANDER BURSK LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

5. Related party transactions

Name of the related party: R M Epstein
Relationship:
Shareholder
Description of the Transaction: repayment of loan
£
Balance at 01 May 2017 39,760
Balance at 31 October 2017 30,000
Name of the related party: A Fine
Relationship:
Shareholder
Description of the Transaction: repayment of loan
£
Balance at 01 May 2017 26,950
Balance at 31 October 2017 0
Name of the related party: Glicksman Cantor Associates Limited
Relationship:
Personal company of shareholder
Description of the Transaction: Provision of Services
£
Balance at 01 May 2017 18,813
Balance at 31 October 2017 10,311