Best Research & Development Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05984863 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Best Research & Development Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I A B Wrigley

T A B Wrigley

B R Willcocks

T J McMahon

S P Turner

REGISTERED OFFICE:

Southview House

St Austell Enterprise Park

St Austell

Cornwall

PL25 4EJ

REGISTERED NUMBER:

05984863 (England and Wales)

FIXED ASSETS

Intangible assets

3

43,045

70,175

CURRENT ASSETS

Debtors

225,637

296,317

Cash at bank

156

18,278

225,793

314,595

CREDITORS

Amounts falling due within one year

65,082

127,980

NET CURRENT ASSETS

160,711

186,615

TOTAL ASSETS LESS CURRENT
LIABILITIES

203,756

256,790

CAPITAL AND RESERVES

Called up share capital

52,632

Share premium

141,118

Retained earnings

10,006

63,040

203,756

256,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 12 December 2018 and were signed on its behalf
by:

B R Willcocks - Director

1.	STATUTORY INFORMATION

Best Research & Development Limited is a private company , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in 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. The financial statements have been prepared under the historical cost convention.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Trademarks and patents are being amortised evenly over their estimated useful life of five years.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

3.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

192,980

Additions

3,141

Disposals

(52,695

)

At 31 March 2018

143,426

AMORTISATION

At 1 April 2017

122,805

Amortisation for year

26,048

Eliminated on disposal

(48,472

)

At 31 March 2018

100,381

NET BOOK VALUE

At 31 March 2018

43,045

At 31 March 2017

70,175

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2018 and

31 March 2017:

2018

2017

£

T A B Wrigley

Balance outstanding at start of year

400

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

400

B R Willcocks

Balance outstanding at start of year

1,139

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

1,139

T J McMahon

Balance outstanding at start of year

79

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

79