12 false false false false false false false false false true false false false false false false No description of principal activity 2021-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 901,803 802,316 39,794 842,110 59,693 99,487 xbrli:pure xbrli:shares iso4217:GBP 6022018 2021-01-01 2021-12-31 6022018 2021-12-31 6022018 2020-12-31 6022018 2020-01-01 2020-12-31 6022018 2020-12-31 6022018 core:NetGoodwill 2021-01-01 2021-12-31 6022018 bus:Director1 2021-01-01 2021-12-31 6022018 core:NetGoodwill 2020-12-31 6022018 core:NetGoodwill 2021-12-31 6022018 core:WithinOneYear 2021-12-31 6022018 core:WithinOneYear 2020-12-31 6022018 core:AfterOneYear 2021-12-31 6022018 core:AfterOneYear 2020-12-31 6022018 core:ShareCapital 2021-12-31 6022018 core:ShareCapital 2020-12-31 6022018 core:RetainedEarningsAccumulatedLosses 2021-12-31 6022018 core:RetainedEarningsAccumulatedLosses 2020-12-31 6022018 core:BetweenOneFiveYears 2021-12-31 6022018 core:BetweenOneFiveYears 2020-12-31 6022018 core:NetGoodwill 2020-12-31 6022018 bus:SmallEntities 2021-01-01 2021-12-31 6022018 bus:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 6022018 bus:FullAccounts 2021-01-01 2021-12-31 6022018 bus:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 6022018 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31
COMPANY REGISTRATION NUMBER: 6022018
Elliott Bunker Limited
Filleted Unaudited Financial Statements
31 December 2021
Elliott Bunker Limited
Statement of Financial Position
31 December 2021
2021
2020
Note
£
£
Fixed assets
Intangible assets
5
59,693
99,487
Tangible assets
6
210
417
--------
--------
59,903
99,904
Current assets
Debtors
7
328,265
336,657
Cash at bank and in hand
182,883
203,001
---------
---------
511,148
539,658
Creditors: amounts falling due within one year
8
190,425
202,757
---------
---------
Net current assets
320,723
336,901
---------
---------
Total assets less current liabilities
380,626
436,805
Creditors: amounts falling due after more than one year
9
39,313
43,750
---------
---------
Net assets
341,313
393,055
---------
---------
Capital and reserves
Called up share capital
120
120
Profit and loss account
341,193
392,935
---------
---------
Shareholders funds
341,313
393,055
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Elliott Bunker Limited
Statement of Financial Position (continued)
31 December 2021
These financial statements were approved by the board of directors and authorised for issue on 19 August 2022 , and are signed on behalf of the board by:
Mr P Cridland
Director
Company registration number: 6022018
Elliott Bunker Limited
Notes to the Financial Statements
Year ended 31 December 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 61 Macrae Road, Ham Green, Bristol, BS20 0DD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2020: 11 ).
5. Intangible assets
Goodwill
£
Cost
At 1 January 2021 and 31 December 2021
901,803
---------
Amortisation
At 1 January 2021
802,316
Charge for the year
39,794
---------
At 31 December 2021
842,110
---------
Carrying amount
At 31 December 2021
59,693
---------
At 31 December 2020
99,487
---------
6. Tangible assets
Equipment
Total
£
£
Cost
At 1 January 2021 and 31 December 2021
37,879
37,879
--------
--------
Depreciation
At 1 January 2021
37,462
37,462
Charge for the year
207
207
--------
--------
At 31 December 2021
37,669
37,669
--------
--------
Carrying amount
At 31 December 2021
210
210
--------
--------
At 31 December 2020
417
417
--------
--------
7. Debtors
2021
2020
£
£
Trade debtors
233,815
185,081
Other debtors
94,450
151,576
---------
---------
328,265
336,657
---------
---------
8. Creditors: amounts falling due within one year
2021
2020
£
£
Bank loans and overdrafts
6,250
6,250
Trade creditors
12,408
23,412
Corporation tax
45,110
51,004
Social security and other taxes
88,877
111,180
Other creditors
37,780
10,911
---------
---------
190,425
202,757
---------
---------
9. Creditors: amounts falling due after more than one year
2021
2020
£
£
Bank loans and overdrafts
39,313
43,750
--------
--------
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2021
2020
£
£
Later than 1 year and not later than 5 years
59,475
79,971
--------
--------
11. Related party transactions
Other debtors includes an interest free loan of £5,500 (2020 £50,000) to Past (UK) Ltd a company in which Mr P Cridland is a director.