Registered number
09139126
Bullfinch (Colchester) Ltd
Filleted Accounts
30 November 2021
Bullfinch (Colchester) Ltd
Registered number: 09139126
Balance Sheet
as at 30 November 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 1,074 1,457
Current assets
Debtors 4 598 598
Cash at bank and in hand 5,395 12,544
5,993 13,142
Creditors: amounts falling due within one year 5 (20,001) (31,253)
Net current liabilities (14,008) (18,111)
Net liabilities (12,934) (16,654)
Capital and reserves
Called up share capital 2 2
Profit and loss account (12,936) (16,656)
Shareholders' funds (12,934) (16,654)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G E Empringham
Director
Approved by the board on 9 August 2022
Bullfinch (Colchester) Ltd
Notes to the Accounts
for the year ended 30 November 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2020 1,926 170 2,096
At 30 November 2021 1,926 170 2,096
Depreciation
At 1 December 2020 613 26 639
Charge for the year 361 22 383
At 30 November 2021 974 48 1,022
Net book value
At 30 November 2021 952 122 1,074
At 30 November 2020 1,313 144 1,457
4 Debtors 2021 2020
£ £
Trade debtors 200 200
Other debtors 398 398
598 598
5 Creditors: amounts falling due within one year 2021 2020
£ £
Bank loans and overdrafts 18,000 18,000
Trade creditors - 780
Taxation and social security costs 1,164 11,046
Other creditors 837 1,427
20,001 31,253
6 Related party transactions
At the year end the company owed £57 (2019 -£647) to G & P Empringham(Director).
7 Controlling party
The company was under control of G & P Empringham(Director).
8 Other information
Bullfinch (Colchester) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Holly Tree House
22 Green Lane
Colchester
Essex
CO4 0JA
9 Going Concern
The company has deficiency of assets at the year end. The directors have provided assurances that such additional funding as is required to meet normal working capital requirements within the 12 months from date of approval of these financial statements will be made available. On this basis the director considrer it appropriate to prepare the financial statements on the going concern basis. Should this prove inapproprate the accounts would require adjustments to be made to reduce the value of the assets to their recovarable amount and provide any further liability which might arise.
Bullfinch (Colchester) Ltd 09139126 false 2020-12-01 2021-11-30 2021-11-30 VT Final Accounts April 2022 G E Empringham No description of principal activity 09139126 2019-12-01 2020-11-30 09139126 core:WithinOneYear 2020-11-30 09139126 core:ShareCapital 2020-11-30 09139126 core:RetainedEarningsAccumulatedLosses 2020-11-30 09139126 2020-12-01 2021-11-30 09139126 bus:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30 09139126 bus:AuditExemptWithAccountantsReport 2020-12-01 2021-11-30 09139126 bus:Director40 2020-12-01 2021-11-30 09139126 1 2020-12-01 2021-11-30 09139126 core:PlantMachinery 2020-12-01 2021-11-30 09139126 core:Vehicles 2020-12-01 2021-11-30 09139126 countries:England 2020-12-01 2021-11-30 09139126 bus:FRS102 2020-12-01 2021-11-30 09139126 bus:FullAccounts 2020-12-01 2021-11-30 09139126 2021-11-30 09139126 core:WithinOneYear 2021-11-30 09139126 core:ShareCapital 2021-11-30 09139126 core:RetainedEarningsAccumulatedLosses 2021-11-30 09139126 core:PlantMachinery 2021-11-30 09139126 core:Vehicles 2021-11-30 09139126 2020-11-30 09139126 core:PlantMachinery 2020-11-30 09139126 core:Vehicles 2020-11-30 iso4217:GBP xbrli:pure