Company Registration No. 02943651 (England and Wales)
NIGEL BLACKBURN AGENCIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017
PAGES FOR FILING WITH REGISTRAR
NIGEL BLACKBURN AGENCIES LTD
COMPANY INFORMATION
Directors
Mr N Blackburn
Mr L L Baxter
Company number
02943651
Registered office
62 Earswick Chase
Earswick
York
Y032 9FY
Accountants
PCLG Limited
Equinox House
Clifton Park Avenue
Shipton Road
York
YO30 5PA
Business address
62 Earswick Chase
Earswick
York
Y032 9FY
Bankers
Lloyds Bank plc
2 The Pavement
York
YO1 2NE
NIGEL BLACKBURN AGENCIES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
NIGEL BLACKBURN AGENCIES LTD
BALANCE SHEET
AS AT
30 JUNE 2017
30 June 2017
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,215
1,649
Current assets
Debtors
4
13,899
10,885
Cash at bank and in hand
98,836
64,068
112,735
74,953
Creditors: amounts falling due within one year
5
(38,827)
(28,023)
Net current assets
73,908
46,930
Total assets less current liabilities
77,123
48,579
Provisions for liabilities
(326)
(330)
Net assets
76,797
48,249
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
76,697
48,149
Total equity
76,797
48,249
As permitted by s444(5A) of the Companies Act 2006 the directors of the company have not delivered to the Registrar a copy of the Company's profit and loss account within the financial statements.
true
For the financial year ended 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime
of the Companies Act 2006.
NIGEL BLACKBURN AGENCIES LTD
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2017
30 June 2017
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 23 November 2017 and are signed on its behalf by:
Mr N Blackburn
Director
Company Registration No. 02943651
NIGEL BLACKBURN AGENCIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017
- 3 -
1
Accounting policies
Company information
Nigel Blackburn Agencies Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
62 Earswick Chase, Earswick, York, Y032 9FY.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
These financial statements for the year ended 30 June 2017
are the
first
financial statements of Nigel Blackburn Agencies Ltd prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 July 2015. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
15% reducing balance
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
NIGEL BLACKBURN AGENCIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2017
1
Accounting policies
(Continued)
- 4 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
1.5
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 2 (2016 - 2).
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2016
9,024
Additions
2,283
At 30 June 2017
11,307
Depreciation and impairment
At 1 July 2016
7,375
Depreciation charged in the year
717
At 30 June 2017
8,092
Carrying amount
At 30 June 2017
3,215
At 30 June 2016
1,649
4
Debtors
2017
2016
Amounts falling due within one year:
£
£
Trade debtors
13,899
10,885
NIGEL BLACKBURN AGENCIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2017
- 5 -
5
Creditors: amounts falling due within one year
2017
2016
£
£
Corporation tax
20,782
21,754
Other taxation and social security
6,302
3,913
Other creditors
11,743
2,356
38,827
28,023
6
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
100
100