David Blake-Standing & Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07424705 (England and Wales)

Financial Statements for the Year Ended 30 November 2017

for

David Blake-Standing & Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Blake-Standing

H S A Blake-Standing

REGISTERED OFFICE:

Atkinsons

86 Burlington Road

New Malden

Surrey

KT3 4NT

REGISTERED NUMBER:

07424705 (England and Wales)

ACCOUNTANTS:

Atkinsons

Chartered Accountants

Palmeira Avenue Mansions

19 Church Road

Hove

East Sussex

BN3 2FA

FIXED ASSETS

Intangible assets

4

-

4,000

Tangible assets

5

-

5,299

Investments

6

848

848

848

10,147

CURRENT ASSETS

Debtors

7

52,369

101,589

Cash at bank

22,434

19,715

74,803

121,304

CREDITORS

Amounts falling due within one year

8

117,935

90,123

NET CURRENT (LIABILITIES)/ASSETS

(43,132

)

31,181

TOTAL ASSETS LESS CURRENT LIABILITIES

(42,284

)

41,328

PROVISIONS FOR LIABILITIES

-

1,060

NET (LIABILITIES)/ASSETS

(42,284

)

40,268

CAPITAL AND RESERVES

Called up share capital

40,000

40,000

Retained earnings

9

(82,284

)

268

SHAREHOLDERS' FUNDS

(42,284

)

40,268

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

The members have not required the company to obtain an audit of its financial statements for the year 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 31 August 2018 and were signed on its behalf by:

H S A Blake-Standing - Director

1.	STATUTORY INFORMATION

David Blake-Standing & Company 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. At the

year end the current liabilities exceeded current assets by £43,132. The validity of this basis depends upon the continued

support of the company's directors. The directors confirm that they will give the required 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year 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 year 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 year was NIL.

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2016

10,000

Disposals

(10,000

)

At 30 November 2017

-

AMORTISATION

At 1 December 2016

6,000

Eliminated on disposal

(6,000

)

At 30 November 2017

-

NET BOOK VALUE

At 30 November 2017

-

At 30 November 2016

4,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2016

12,525

9,937

22,462

Disposals

(12,525

)

(9,937

)

(22,462

)

At 30 November 2017

-

-

-

DEPRECIATION

At 1 December 2016

10,296

6,867

17,163

Eliminated on disposal

(10,296

)

(6,867

)

(17,163

)

At 30 November 2017

-

-

-

NET BOOK VALUE

At 30 November 2017

-

-

-

At 30 November 2016

2,229

3,070

5,299

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 December 2016

and 30 November 2017

848

NET BOOK VALUE

At 30 November 2017

848

At 30 November 2016

848

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Blake Standing SAS

Registered office:

Nature of business: Surveying

%

Class of shares:

holding

Ordinary

100.00

31/12/17

31/12/16

£

£

Aggregate capital and reserves

19,999

26,502

Profit for the year

7,514

20,027

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade debtors

32,705

100,889

Other debtors

19,664

700

52,369

101,589

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade creditors

43,381

41,872

Taxation and social security

-

3,403

Other creditors

74,554

44,848

117,935

90,123

9.

RESERVES

Retained

earnings

£

At 1 December 2016

268

Deficit for the year

(82,552

)

At 30 November 2017

(82,284

)

10.	RELATED PARTY DISCLOSURES

Included in other creditors is £68,074 (2016 - £38,048) which is owed to D & H Blake-Standing, directors and

shareholders of the company. This loan is provided on an interest free basis and is repayable on demand.

No other transactions with related parties were undertaken such as are required to be disclosed under Section 1A Small

Entities of Financial Reporting Standard 102.