Brownies Bike Spares Limited - Accounts to registrar (filleted) - small 18.2

Brownies Bike Spares Limited - Accounts to registrar (filleted) - small 18.2

BROWNIES BIKE SPARES LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v18.3.1.72 09941472 Board of Directors 1.2.18 31.1.19 31.1.19 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure099414722018-01-31099414722019-01-31099414722018-02-012019-01-31099414722017-01-31099414722017-02-012018-01-31099414722018-01-3109941472ns15:EnglandWales2018-02-012019-01-3109941472ns14:PoundSterling2018-02-012019-01-3109941472ns10:Director12018-02-012019-01-3109941472ns10:PrivateLimitedCompanyLtd2018-02-012019-01-3109941472ns10:SmallEntities2018-02-012019-01-3109941472ns10:AuditExempt-NoAccountantsReport2018-02-012019-01-3109941472ns10:SmallCompaniesRegimeForDirectorsReport2018-02-012019-01-3109941472ns10:SmallCompaniesRegimeForAccounts2018-02-012019-01-3109941472ns10:FullAccounts2018-02-012019-01-3109941472ns10:Director22018-02-012019-01-3109941472ns10:CompanySecretary12018-02-012019-01-3109941472ns10:RegisteredOffice2018-02-012019-01-3109941472ns5:CurrentFinancialInstruments2019-01-3109941472ns5:CurrentFinancialInstruments2018-01-3109941472ns5:ShareCapital2019-01-3109941472ns5:ShareCapital2018-01-3109941472ns5:RetainedEarningsAccumulatedLosses2019-01-3109941472ns5:RetainedEarningsAccumulatedLosses2018-01-3109941472ns5:PlantMachinery2018-02-012019-01-3109941472ns5:PlantMachinery2018-01-3109941472ns5:PlantMachinery2019-01-3109941472ns5:PlantMachinery2018-01-3109941472ns5:CurrentFinancialInstrumentsns5:WithinOneYear2019-01-3109941472ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-01-31


REGISTERED NUMBER: 09941472 (England and Wales)















BROWNIES BIKE SPARES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2019





Clark Hearsey
Chartered Certified Accountants
Fairfield Enterprise Centre
Lincoln Way
Fairfield Industrial Estate
Louth
Lincolnshire
LN11 0LS








BROWNIES BIKE SPARES LIMITED (REGISTERED NUMBER: 09941472)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


BROWNIES BIKE SPARES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2019







DIRECTORS: P Brown
A N E Brown





SECRETARY: P Brown





REGISTERED OFFICE: Unit 9 Station Estate
Newbridge Hill
Louth
Lincolnshire
LN11 0JT





REGISTERED NUMBER: 09941472 (England and Wales)





ACCOUNTANTS: Clark Hearsey
Chartered Certified Accountants
Fairfield Enterprise Centre
Lincoln Way
Fairfield Industrial Estate
Louth
Lincolnshire
LN11 0LS
Page 1
BROWNIES BIKE SPARES LIMITED (REGISTERED NUMBER: 09941472)

BALANCE SHEET
31ST JANUARY 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 684 684

CURRENT ASSETS
Stocks 12,000 11,250
Debtors 5 1,829 750
Cash at bank and in hand 6,180 9,370
20,009 21,370
CREDITORS
Amounts falling due within one year 6 19,125 14,437
NET CURRENT ASSETS 884 6,933
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,568
7,617

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,468 7,517
SHAREHOLDERS' FUNDS 1,568 7,617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2019 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 12th March 2019 and were signed on its behalf by:



P Brown - Director


The notes form part of these financial statements

Page 2
BROWNIES BIKE SPARES LIMITED (REGISTERED NUMBER: 09941472)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2019

1. STATUTORY INFORMATION

Brownies Bike Spares Limited 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.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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 2 (2018 - 1 ) .

Page 3 continued...
BROWNIES BIKE SPARES LIMITED (REGISTERED NUMBER: 09941472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2019

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2018
and 31st January 2019 2,945
DEPRECIATION
At 1st February 2018
and 31st January 2019 2,261
NET BOOK VALUE
At 31st January 2019 684
At 31st January 2018 684

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 1,829 750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Taxation and social security - 1,000
Other creditors 19,125 13,437
19,125 14,437

Page 4