The Bush Consultancy Limited - Accounts to registrar (filleted) - small 18.2
The Bush Consultancy Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 June 2018 |
for |
THE BUSH CONSULTANCY LIMITED |
THE BUSH CONSULTANCY LIMITED (REGISTERED NUMBER: 02417457) |
Contents of the Financial Statements |
FOR THE YEAR ENDED 30 JUNE 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
THE BUSH CONSULTANCY LIMITED |
Company Information |
FOR THE YEAR ENDED 30 JUNE 2018 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
6 - 8 Bath Street |
Bristol |
BS1 6HL |
THE BUSH CONSULTANCY LIMITED (REGISTERED NUMBER: 02417457) |
Balance Sheet |
30 JUNE 2018 |
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Work in progress | 5 |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Capital redemption reserve |
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. |
THE BUSH CONSULTANCY LIMITED (REGISTERED NUMBER: 02417457) |
Balance Sheet - continued |
30 JUNE 2018 |
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
The financial statements were approved and authorised for issue by the Board of Directors on were signed on its behalf by: |
THE BUSH CONSULTANCY LIMITED (REGISTERED NUMBER: 02417457) |
Notes to the Financial Statements |
FOR THE YEAR ENDED 30 JUNE 2018 |
1. | COMPANY INFORMATION |
The Bush Consultancy Limited is a |
company's registered number and registered office address can be found on the Company Information page. |
The company's principal activities and nature of its operations are disclosed in the Directors' Report. |
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" ("FRS 102") and the requirements of the Companies Act 2006. |
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary |
amounts in these financial statements are rounded to the nearest £. |
The financial statements have been prepared on the historical cost convention. The principal accounting |
policies adopted are set out below. |
Going concern |
At the time of approving the financial statements, the directors have a reasonable expectation that the company |
has adequate resources to continue in operational existence for the foreseeable future. Thus the directors |
continue to adopt the going concern basis of accounting in preparing the financial statements. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable and represents amounts |
receivable for services provided in the normal course of business, net of discounts, VAT and other sales related |
taxes. |
Tangible fixed assets |
Fixtures and fittings | - |
Work in progress |
Work in progress is valued at the lower of cost and net realisable value. |
Turnover on long-term contracts is recognised by reference to the stage of completion. The stage of completion |
of a contract is determined by reference to the proportion that contract costs incurred for work performed to |
date bear to the estimated total contract costs relating to a discrete stage of that contract. An estimate of the |
profit attributable to work completed is recognised once the outcome of the contract can be assessed with |
reasonable certainty. |
THE BUSH CONSULTANCY LIMITED (REGISTERED NUMBER: 02417457) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 30 JUNE 2018 |
2. | ACCOUNTING POLICIES - continued |
Cash and cash equivalents |
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid |
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown |
within borrowings in current liabilities. |
Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 |
'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are |
recognised when the company becomes party to the contractual provisions of the instrument. Financial assets |
and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally |
enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise |
the asset and settle the liability simultaneously. |
Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash |
and bank balances, are initially measured at transaction price including transaction costs and are subsequently |
carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows |
from the asset expire or are settled, or when the company transfers the financial asset and substantially all the |
risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are |
retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an |
unrelated third party. |
Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are |
initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the |
debt instrument is measured at the present value of the future payments discounted at a market rate of interest. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial |
liabilities are derecognised when, and only when, the company's contractual obligations are discharged, |
cancelled, or they expire. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, |
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. |
THE BUSH CONSULTANCY LIMITED (REGISTERED NUMBER: 02417457) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 30 JUNE 2018 |
2. | ACCOUNTING POLICIES - continued |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital |
element of future payments is treated as a liability. |
Rentals paid under operating leases are charged to profit and loss on a straight line basis over the period of the |
lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme and the pension charge represents the amounts |
payable by the company to the fund in respect of the year. The assets of the scheme are held separately from |
those of the company in an independently administered fund. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 July 2017 |
Additions |
Disposals | ( |
) |
At 30 June 2018 |
DEPRECIATION |
At 1 July 2017 |
Charge for year |
Eliminated on disposal | ( |
) |
At 30 June 2018 |
NET BOOK VALUE |
At 30 June 2018 |
At 30 June 2017 |
THE BUSH CONSULTANCY LIMITED (REGISTERED NUMBER: 02417457) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 30 JUNE 2018 |
4. | TANGIBLE FIXED ASSETS - continued |
Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as |
follows: |
Fixtures |
and |
fittings |
£ |
COST |
At 1 July 2017 |
and 30 June 2018 |
DEPRECIATION |
At 1 July 2017 |
Charge for year |
At 30 June 2018 |
NET BOOK VALUE |
At 30 June 2018 |
At 30 June 2017 |
5. | WORK IN PROGRESS |
2018 | 2017 |
£ | £ |
Work-in-progress |
The comparative figures for 2017 have been adjusted to reflect the updated presentation of contract costs |
adopted in the current year. This has had no effect on profit or net assets. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments and accrued income |
THE BUSH CONSULTANCY LIMITED (REGISTERED NUMBER: 02417457) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 30 JUNE 2018 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
Tax |
Social security and other taxes |
Other creditors |
Hire Purchase | 1,660 | 1,992 |
Accruals and deferred income |
Included in others creditors is a balance of £903 (2017 - £nil) that had been deducted from salaries but not paid |
over to the pension fund administrators. This was paid shortly after the year-end. |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2018 | 2017 |
£ | £ |
Obligations under finance |
leases | - | 1,660 |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 30 June 2018 and |
30 June 2017: |
2018 | 2017 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
10. | RELATED PARTY DISCLOSURES |
At the year end date the company was owed £24,156 (2017 - £24,156) by Canopy Projects Limited. No interest |
is being charged on this loan. |
During the year the company paid rent charges of £48,500 (2017 - £48,726) to Canopy Projects |
Limited, a company of which R A Davis and M J Kendall are also directors. |
During the year services charges in the sum of £6,846 (2017 - £8732) were recharged to the company by |
Canopy Projects Limited. |