Registration number:
Burrell Legal LTD
Cessation
for the Year Ended 31 March 2018
Bollin House
Bollin Link
Wilmslow
Cheshire
SK9 1DP
Burrell Legal LTD
Contents
Company Information |
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Accountants' Report |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Burrell Legal LTD
Company Information
Director |
Mr Duncan Burrell |
Registered office |
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Accountants |
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Page 1 |
Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Burrell Legal LTD
for the Year Ended 31 March 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Burrell Legal LTD for the year ended 31 March 2018 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Burrell Legal LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Burrell Legal LTD and state those matters that we have agreed to state to the Board of Directors of Burrell Legal LTD, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Burrell Legal LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Burrell Legal LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Burrell Legal LTD. You consider that Burrell Legal LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Burrell Legal LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Bollin Link
Wilmslow
Cheshire
SK9 1DP
Page 2 |
Burrell Legal LTD
Statement of Comprehensive Income for the Year Ended 31 March 2018
2018 |
2017 |
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Profit for the year |
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Total comprehensive income for the year |
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Page 3 |
Burrell Legal LTD
(Registration number: 10091877)
Balance Sheet as at 31 March 2018
Note |
2018 |
2017 |
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Fixed assets |
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Tangible assets |
- |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets/(liabilities) |
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( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Total equity |
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For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Mr Duncan Burrell
Director
Page 4 |
Burrell Legal LTD
Statement of Changes in Equity for the Year Ended 31 March 2018
Share capital |
Profit and loss account |
Total |
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At 1 April 2017 |
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- |
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Profit for the year |
- |
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Total comprehensive income |
- |
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Dividends |
- |
( |
( |
At 31 March 2018 |
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- |
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Share capital |
Profit and loss account |
Total |
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At 30 March 2016 |
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- |
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Profit for the year |
- |
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Total comprehensive income |
- |
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Dividends |
- |
( |
( |
At 31 March 2017 |
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- |
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Page 5 |
Burrell Legal LTD
Notes to the Financial Statements for the Year Ended 31 March 2018
General information |
The company is a private company limited by share capital incorporated in United Kingdom.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These Financial statements have been prepared in the 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.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
These accounts are not prepared on a going concern basis because the company ceased to trade at the date of the financial statements, this has no material effect on the values in the accounts.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Bike purchase |
33.33% straight line method |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 6 |
Burrell Legal LTD
Notes to the Financial Statements for the Year Ended 31 March 2018
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Page 7 |
Burrell Legal LTD
Notes to the Financial Statements for the Year Ended 31 March 2018
Tangible assets |
Other capital asset |
Total |
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Cost or valuation |
||
At 1 April 2017 |
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Disposals |
( |
( |
At 31 March 2018 |
- |
- |
Depreciation |
||
At 1 April 2017 |
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Charge for the period |
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Eliminated on disposal |
( |
( |
At 31 March 2018 |
- |
- |
Carrying amount |
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At 31 March 2018 |
- |
- |
At 31 March 2017 |
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Debtors |
2018 |
2017 |
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Trade debtors |
- |
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Directors loan account |
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Total current trade and other debtors |
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Creditors |
Note |
2018 |
2017 |
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Due within one year |
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Corporation tax |
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Dividends |
2018 |
2017 |
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£ |
£ |
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Final dividend of £ |
1,765 |
32,450 |
Page 8 |
Burrell Legal LTD
Notes to the Financial Statements for the Year Ended 31 March 2018
Related party transactions |
Transactions with directors |
2018 |
At 1 April 2017 |
Advances to directors |
At 31 March 2018 |
Mr Duncan Burrell |
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Non interest bearing advances made to director (repayable on demand). |
831 |
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2017 |
Advances to directors |
At 31 March 2017 |
Mr Duncan Burrell |
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Non interest bearing advances made to director (repayable on demand). |
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Directors' remuneration
The director's remuneration for the year was as follows:
2018 |
2017 |
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Remuneration |
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Other transactions with directors |
Dividends of £1,765.90 and salary of £1,360 were paid to the Director, during the year. At the balance sheet date the amount due to the Director was £nil.
Page 9 |