Bus Shelters Limited - Accounts to registrar (filleted) - small 18.2

Bus Shelters Limited - Accounts to registrar (filleted) - small 18.2

BUS SHELTERS LTD. - Company Information

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Bus Shelters Limited

Audited Financial Statements for the Year Ended 30 June 2018






Bus Shelters Limited

Company Information
for the Year Ended 30 June 2018







DIRECTORS: R K Spence
R E James
R E Thomas


REGISTERED OFFICE: Unit 60
Dyffryn Business Park
Llantwit Major Road
Llandow
Cowbridge
CF71 7PY


REGISTERED NUMBER: 01822681 (England and Wales)


SENIOR STATUTORY
AUDITOR: 		John Huw Palin FCA


AUDITORS: BPU Limited
Chartered Accountants
Statutory Auditor
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA


BANKERS: HSBC Bank Plc
56 Queen Street
Cardiff
CF10 2PX
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Bus Shelters Limited (Registered number: 01822681)

Balance Sheet
30 June 2018

2018 2017
Notes £    £   
CURRENT ASSETS
Debtors 3 4,173,842 6,066,734
Cash at bank 2,034 35,316
4,175,876 6,102,050
CREDITORS
Amounts falling due within one
year
4
1,097,586
367,239
NET CURRENT ASSETS 3,078,290 5,734,811
TOTAL ASSETS LESS
CURRENT LIABILITIES
3,078,290
5,734,811

CREDITORS
Amounts falling due after more
than one year
5
1,186,736
3,855,259
NET ASSETS 1,891,554 1,879,552

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,891,454 1,879,452
SHAREHOLDERS' FUNDS 1,891,554 1,879,552

The notes form part of these financial statements

2
Bus Shelters Limited (Registered number: 01822681)

Balance Sheet - continued
30 June 2018


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on
28 March 2019 and were signed on its behalf by:





R E James - Director


The notes form part of these financial statements

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Bus Shelters Limited (Registered number: 01822681)

Notes to the Financial Statements
for the Year Ended 30 June 2018


1. 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 represents the invoiced value of goods and services supplied by the
company, net of value added tax and trade discounts, in relation to the sale,
installation and maintenance of transport infrastructure products.Turnover in
respect of contracts for uninvoiced ongoing goods and services is recognised
by reference to the stage of completion at the year end.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the
rates of exchange ruling at the balance sheet date. Transactions in foreign
currencies are translated into sterling at the rate of exchange ruling at the date
of transaction. Exchange differences are taken into account in arriving at the
operating result.

Pension costs
The company operates a defined contribution pension scheme. Contributions
payable to the company's pension scheme are charged to profit or loss in the
period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2017 - 28 ) .

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2018 2017
£    £   
Trade debtors 1,840,441 2,274,435
Amounts owed by group undertakings 1,050,809 465,270
Amounts recoverable on
contract
1,282,592
3,327,029
4,173,842 6,066,734

4
Bus Shelters Limited (Registered number: 01822681)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018


4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2018 2017
£    £   
Other secured loans 850,000 -
Trade creditors 20,061 26,781
Amounts owed to group undertakings - 210,259
Social security and other taxes 20,064 18,950
Other creditors & accruals 207,461 111,249
1,097,586 367,239

5. CREDITORS: AMOUNTS FALLING DUE AFTER
MORE THAN ONE YEAR
2018 2017
£    £   
Other secured loans 150,000 1,187,149
Other unsecured loans 706,633 2,445,243
Other creditors 330,103 222,867
1,186,736 3,855,259

6. SECURED DEBTS

The other secured loans are secured over the fixed and floating assets of the
company.

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John Huw Palin FCA (Senior Statutory Auditor)
for and on behalf of BPU Limited

5
Bus Shelters Limited (Registered number: 01822681)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018


8. CONTINGENT LIABILITIES

There is an unlimited inter company cross guarantee between this company,
its ultimate parent undertaking, BSW Holdings Limited, and its fellow
subsidiaries, BSW Systems Limited and SMFI Limited. At the balance sheet
date the amount of net bank borrowings in respect of these companies was
£529,968 (2017 - £1,018,198).

There is also an inter company Finance Wales cross guarantee between this
company, its ultimate parent undertaking, BSW Holdings Limited, and its fellow
subsidiaries, BSW Systems Limited and Bus Shelters Limited. At the balance
sheet date the amount of borrowings in respect of these companies was £0
(2017 - £1,157,947).

As at the balance sheet date the company bankers had issued performance
bonds, guarantees and indemnities for Bus Shelters Limited to the amount of
£1,918,847 (2017 - £1,934,751).

As at the balance date the company bankers had issued performance bonds,
guarantees and indemnities to other group companies (covered by the cross
guarantee) to the amount of £30,000 (2017 - £1,114,569).

9. CAPITAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet
date of £330,000 (2017 - £406,000).

10. ULTIMATE PARENT UNDERTAKING

The company's ultimate parent undertaking at the balance sheet date was
BSW Holdings Limited.

6