Booksellers Carriage Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02322402 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Booksellers Carriage Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

J N Crockatt

Mrs E M Crockatt

SECRETARY:

Mrs E M Crockatt

REGISTERED OFFICE:

30 Victoria Road

Dartmouth

Devon

TQ6 9SA

REGISTERED NUMBER:

02322402 (England and Wales)

ACCOUNTANTS:

Woodwards

Chartered Certified Accountants

39 Steed Close

Paignton

Devon

TQ4 7SN

FIXED ASSETS

Tangible assets

4

331,368

339,421

CURRENT ASSETS

Debtors

5

164,567

162,719

Cash at bank and in hand

291,968

339,025

456,535

501,744

CREDITORS

Amounts falling due within one year

6

294,910

278,577

NET CURRENT ASSETS

161,625

223,167

TOTAL ASSETS LESS CURRENT LIABILITIES

492,993

562,588

CREDITORS

Amounts falling due after more than one year

7

(171,647

)

(182,699

)

PROVISIONS FOR LIABILITIES

(69

)

(103

)

NET ASSETS

321,277

379,786

CAPITAL AND RESERVES

Called up share capital

130

130

Retained earnings

321,147

379,656

SHAREHOLDERS' FUNDS

321,277

379,786

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 24 April 2019 and were signed on its behalf by:

J N Crockatt - Director

1.	STATUTORY INFORMATION

Booksellers Carriage 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.

Freehold property

-

2% on cost

Fixtures and fittings

-

15% on cost

Computer equipment

-

25% on cost

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.

Pension costs and other post-retirement benefits

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2018

and 31 December 2018

393,971

5,823

39,608

439,402

DEPRECIATION

At 1 January 2018

55,060

5,823

39,098

99,981

Charge for year

7,880

-

173

8,053

At 31 December 2018

62,940

5,823

39,271

108,034

NET BOOK VALUE

At 31 December 2018

331,031

-

337

331,368

At 31 December 2017

338,911

-

510

339,421

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

161,791

157,993

Other debtors

2,776

4,726

164,567

162,719

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Bank loans and overdrafts

11,136

10,752

Trade creditors

251,154

235,629

Taxation and social security

27,501

27,315

Other creditors

5,119

4,881

294,910

278,577

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.18

31.12.17

£

£

Bank loans

171,647

182,699

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

120,667

134,242

8.	TRANSACTIONS WITH DIRECTORS

At the 31st December 2018, the Directors owed the Company £1,606 (2017 - £2,085).

During the year, the Directors received Dividends to the value of £83,100 (2017 - £70,000).

9.	ULTIMATE CONTROLLING PARTY

Mr J and Mrs E Crockatt exercise ultimate control over the company by virtue of owning 76.92% of the share capital with

voting rights.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Booksellers Carriage Limited for the year ended 31 December 2018 which comprise the Income Statement, Balance

Sheet and the related notes 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 http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Booksellers Carriage Limited, as a body, in accordance with the terms of our engagement letter dated 8 April 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Booksellers Carriage Limited and state those matters that we have agreed to state to the Board of Directors of Booksellers Carriage 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/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Booksellers Carriage Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Booksellers Carriage Limited. You consider that Booksellers Carriage 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 financial statements of Booksellers Carriage 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 financial statements.

Woodwards

Chartered Certified Accountants

39 Steed Close

Paignton

Devon

TQ4 7SN

24 April 2019