Butterworth's Vintage Company Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08099751 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2018

for

Butterworth's Vintage Company Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs H A Butterworth

C P Butterworth

SECRETARY:

REGISTERED OFFICE:

1 The Uplands

Nailsea

Bristol

BS48 4RS

REGISTERED NUMBER:

08099751 (England and Wales)

ACCOUNTANTS:

Harpers & Co

1st Floor

Premier House

127 Duckmoor Road

Bristol

BS3 2BJ

FIXED ASSETS

Tangible assets

4

13,331

161

CURRENT ASSETS

Stocks

5,152

3,288

Cash at bank and in hand

361

727

5,513

4,015

CREDITORS

Amounts falling due within one year

5

33,456

18,895

NET CURRENT LIABILITIES

(27,943

)

(14,880

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,612

)

(14,719

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(14,613

)

(14,720

)

SHAREHOLDERS' FUNDS

(14,612

)

(14,719

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 21 February 2019 and were signed on its behalf by:

Mrs H A Butterworth - Director

1.	STATUTORY INFORMATION

Butterworth's Vintage Company Ltd is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be

found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2017

215

Additions

17,613

At 30 June 2018

17,828

DEPRECIATION

At 1 July 2017

54

Charge for year

4,443

At 30 June 2018

4,497

NET BOOK VALUE

At 30 June 2018

13,331

At 30 June 2017

161

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Bank loans and overdrafts

-

5

Other creditors

33,456

18,890

33,456

18,895