David Beckman & Co Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04744238 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

DAVID BECKMAN & CO LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D J Beckman

REGISTERED OFFICE:

62 The Street

Ashtead

Surrey

KT21 1AT

REGISTERED NUMBER:

04744238 (England and Wales)

ACCOUNTANTS:

David Beckman & Co Ltd

62 The Street

Ashtead

Surrey

KT21 1AT

BANKERS:

Barclays Bank Plc

PO Box 159

82-84 High Street

Epsom

Surrey

KT19 8YL

FIXED ASSETS

Intangible assets

5

16,749

20,045

Tangible assets

6

15,313

17,235

32,062

37,280

CURRENT ASSETS

Debtors

7

79,769

75,403

Cash at bank and in hand

288,820

223,278

368,589

298,681

CREDITORS

Amounts falling due within one year

8

94,571

85,058

NET CURRENT ASSETS

274,018

213,623

TOTAL ASSETS LESS CURRENT LIABILITIES

306,080

250,903

PROVISIONS FOR LIABILITIES

2,909

3,447

NET ASSETS

303,171

247,456

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

303,071

247,356

SHAREHOLDERS' FUNDS

303,171

247,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 20 December 2018 and were signed by:

Mr D J Beckman - Director

1.	STATUTORY INFORMATION

David Beckman & Co Ltd 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.

The presentation currency of the financial statements is Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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. There were no material departures from the standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Significant judgements and estimates

The preparation of financial statements in compliance with FRS 102 requires management to exercise judgement

in applying the company accounting policies and the use of certain critical

accounting estimates.

The items in the financial statements where these judgement and estimates have been made include:

Judgements

- The method of arriving at the amounts recoverable under contracts.

Estimates

- The useful life of fixed assets.

- The useful life of goodwill.

Turnover

Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates and

value added tax.

The majority of the turnover is invoiced on a straight line basis over the period of the annual contract. Other

invoicing is on a time cost basis.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over

its estimated useful life of twenty years.

It is reviewed annually for impairment.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment

losses.

Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets over

their expected useful lives, using the straight-line method.

The rates applicable are:

- Plant and machinery

20% on cost

- Fixtures and fittings

15% on cost

- Computer equipment

25% on cost

Impairment of Assets

At each reporting date, fixed assets are reviewed to determine whether there is any indication that those assets

have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any

affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the

carrying amount is reduced to its estimated recoverable amount.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate

of its recoverable amount, but not in excess of the amount that would have been determined had no impairment

been recognised for the asset in prior years.

All impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like trade and other debtors and creditors, loans from third parties and from factored debts.

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.

Foreign currencies

Assets 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 UK statutory workplace pension scheme and also makes contributions to certain

employees' personal pension schemes which are recognised in the period in which they are incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at transaction price.

Employee benefits

The company has provided for annual leave accrued by employees as a result of services rendered in the current

period, and which employees are entitled to carry forward and use within the next twelve months. The provision

is measured at the salary cost payable for the period of absence.

The costs of short-term employee benefits are recognised as a liability and an expense.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2017 - 11 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

65,900

AMORTISATION

At 1 April 2017

45,855

Amortisation for year

3,296

At 31 March 2018

49,151

NET BOOK VALUE

At 31 March 2018

16,749

At 31 March 2017

20,045

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

42,929

Additions

5,445

Disposals

(8,217

)

At 31 March 2018

40,157

DEPRECIATION

At 1 April 2017

25,694

Charge for year

6,859

Eliminated on disposal

(7,709

)

At 31 March 2018

24,844

NET BOOK VALUE

At 31 March 2018

15,313

At 31 March 2017

17,235

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

54,627

48,956

Amounts owed by participating interests

486

2,285

Amounts recoverable on contracts

4,250

4,000

Other debtors

20,406

20,162

79,769

75,403

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

12,798

14,037

Taxation and social security

77,881

58,818

Other creditors

3,892

12,203

94,571

85,058

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

-

12,000

In more than five years

195,500

-

195,500

12,000