Company Registration No. 05504947 (England and Wales)
Bartlett Decorators Limited
Unaudited accounts
for the year ended 31 July 2023
Bartlett Decorators Limited
Unaudited accounts
Contents
Bartlett Decorators Limited
Company Information
for the year ended 31 July 2023
Secretary
Mrs J A Bartlett
Company Number
05504947 (England and Wales)
Registered Office
The Hollies,
24a Gainsborough Drive
Beltinge, Herne Bay
Kent
CT6 6QH
Accountants
Attire Accounting Limited
45 Granville Drive
Herne Bay
Kent
CT6 7QZ
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Bartlett Decorators Limited
for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Bartlett Decorators Limited for the year ended
31 July 2023 as set out on pages
5 -
8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Bartlett Decorators Limited, as a body, in accordance with the terms of our engagement letter dated 8 February 2023. Our work has been undertaken solely to prepare for your approval the accounts of Bartlett Decorators Limited and state those matters that we have agreed to state to the Board of Directors of Bartlett Decorators Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bartlett Decorators Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Bartlett Decorators Limited 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 Bartlett Decorators Limited. You consider that Bartlett Decorators Limited 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 Bartlett Decorators Limited. 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.
Attire Accounting Limited
Chartered Certified Accountants
45 Granville Drive
Herne Bay
Kent
CT6 7QZ
17 April 2024
Bartlett Decorators Limited
Statement of financial position
as at 31 July 2023
Tangible assets
13,538
18,521
Cash at bank and in hand
39,044
37,402
Creditors: amounts falling due within one year
(61,422)
(82,684)
Net current assets
34,792
34,740
Total assets less current liabilities
48,330
53,261
Creditors: amounts falling due after more than one year
(14,896)
(21,787)
Provisions for liabilities
Deferred tax
(2,572)
(3,519)
Called up share capital
100
100
Profit and loss account
30,762
27,855
Shareholders' funds
30,862
27,955
For the year ending 31 July 2023 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 17 April 2024 and were signed on its behalf by
J J Bartlett
Director
Company Registration No. 05504947
Bartlett Decorators Limited
Notes to the Accounts
for the year ended 31 July 2023
Bartlett Decorators Limited is a private company, limited by shares, registered in England and Wales, registration number 05504947. The registered office is The Hollies, , 24a Gainsborough Drive, Beltinge, Herne Bay, Kent, CT6 6QH.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
25% straight line basis
Motor vehicles
25% straight line basis
Fixtures & fittings
25% straight line basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Bartlett Decorators Limited
Notes to the Accounts
for the year ended 31 July 2023
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.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
2,070
77,029
6,508
85,607
Disposals
-
(19,000)
(2,336)
(21,336)
At 31 July 2023
2,970
58,029
4,585
65,584
At 1 August 2022
2,070
58,508
6,508
67,086
Charge for the year
225
5,967
104
6,296
On disposals
-
(19,000)
(2,336)
(21,336)
At 31 July 2023
2,295
45,475
4,276
52,046
At 31 July 2023
675
12,554
309
13,538
At 31 July 2022
-
18,521
-
18,521
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
9,296
13,363
Amounts falling due within one year
Trade debtors
53,400
76,856
Accrued income and prepayments
1,770
1,166
Bartlett Decorators Limited
Notes to the Accounts
for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
16,121
39,618
Obligations under finance leases and hire purchase contracts
2,342
3,437
Trade creditors
7,404
12,331
Taxes and social security
18,480
16,426
Loans from directors
1,820
810
The bank overdraft is secured by a fixed and floating charge over the company assets and a personal guarantee from the director, J J Bartlett.
Obligations under finance leases and hire purchase contracts are secured by fixed charges on the assets concerned.
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
5,395
7,405
Obligations under finance leases and hire purchase contracts are secured by fixed charges on the assets concerned.
8
Transactions with related parties
Dividends totalling £31,542 (2022: £25,700) were paid in the year in respect of shares held by the company's director, J J Bartlett.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).