Company Registration No. 07630650 (England and Wales)
Beaufort Financial Services Ltd
Unaudited accounts
for the year ended 31 May 2020
Beaufort Financial Services Ltd
Unaudited accounts
Contents
Beaufort Financial Services Ltd
Company Information
for the year ended 31 May 2020
Company Number
07630650 (England and Wales)
Registered Office
1 Laurel Grove
Hoole
Chester
CH2 3HU
Accountants
My Tax Point
12 Nicholas Street
Chester
Cheshire
CH1 2NX
Beaufort Financial Services Ltd
Statement of financial position
as at
31 May 2020
Cash at bank and in hand
19,750
-
Creditors: amounts falling due within one year
(12,730)
(12,771)
Net current assets
27,073
639
Total assets less current liabilities
27,073
639
Creditors: amounts falling due after more than one year
(16,148)
-
Called up share capital
100
100
Profit and loss account
10,825
539
Shareholders' funds
10,925
639
For the year ending 31 May 2020 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.
The financial statements were approved by the Board and authorised for issue on 22 June 2020 and were signed on its behalf by
Mr J R Edwards
Director
Company Registration No. 07630650
Beaufort Financial Services Ltd
Notes to the Accounts
for the year ended 31 May 2020
Beaufort Financial Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 07630650. The registered office is 1 Laurel Grove, Hoole, Chester, CH2 3HU.
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.
Turnover represents the value, net of value added tax and discounts, of work carried out in respect of services provided to customers.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Accrued income and prepayments
-
230
Other debtors
20,053
13,180
5
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
-
2,933
Trade creditors
1,088
920
Taxes and social security
11,312
7,207
Loans from directors
297
-
Beaufort Financial Services Ltd
Notes to the Accounts
for the year ended 31 May 2020
6
Creditors: amounts falling due after more than one year
2020
2019
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The loan was unsecured and interest free.
8
Transactions with related parties
The director loaned to the company a total of £467 and was repaid a total of £170 in the year. The balance owing to the director at 31.05.20 is £297 and is repayable on demand.
9
Average number of employees
During the year the average number of employees was 0 (2019: 0).