Company Registration No. 06643919 (England and Wales)
Busby & Busby Limited
Unaudited accounts
for the year ended 31 July 2019
Busby & Busby Limited
Unaudited accounts
Contents
Busby & Busby Limited
Company Information
for the year ended 31 July 2019
Company Number
06643919 (England and Wales)
Registered Office
The Old Hemp Store
North Mills
Bridport
Dorset
DT6 3BE
Accountants
Simon John Christopher Ltd
1st Floor Suite, Drapers House
Market Place
Sturminster Newton
Dorset
DT10 1AS
Busby & Busby Limited
Statement of financial position
as at
31 July 2019
Tangible assets
3,528,595
831,688
Cash at bank and in hand
54,415
111,828
Creditors: amounts falling due within one year
(183,803)
(240,841)
Net current liabilities
(111,214)
(107,006)
Total assets less current liabilities
3,417,381
724,682
Creditors: amounts falling due after more than one year
(3,310,482)
(566,540)
Provisions for liabilities
Net assets
106,821
158,064
Called up share capital
1
1
Profit and loss account
106,820
158,063
Shareholders' funds
106,821
158,064
For the year ending 31 July 2019 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 11 November 2019.
Mr H B J Busby
Director
Company Registration No. 06643919
Busby & Busby Limited
Notes to the Accounts
for the year ended 31 July 2019
Busby & Busby Limited is a private company, limited by shares, registered in England and Wales, registration number 06643919. The registered office is The Old Hemp Store, North Mills, Bridport, Dorset, DT6 3BE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
The rate of 2% - on cost
Plant & machinery
The rate of 25% per annum - reducing balance basis
4
Tangible fixed assets
Land & buildings
Cost or valuation
At cost
At 31 July 2019
3,666,893
Charge for the year
75,085
At 31 July 2019
3,528,595
Busby & Busby Limited
Notes to the Accounts
for the year ended 31 July 2019
Trade debtors
7,229
6,273
Accrued income and prepayments
10,745
15,534
7
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
139,945
30,564
Trade creditors
19,510
13,102
Taxes and social security
26,300
31,850
Other creditors
25,356
16,349
Loans from directors
(27,308)
148,976
8
Creditors: amounts falling due after more than one year
2019
2018
Bank loans
3,310,482
566,540
9
Average number of employees
During the year the average number of employees was 3 (2018: 3).