Paul Brereton Limited - Accounts to registrar (filleted) - small 18.2
Paul Brereton Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31st October 2018 |
| for |
| Paul Brereton Limited |
| Paul Brereton Limited (Registered number: 04918995) |
| Contents of the Financial Statements |
| for the year ended 31st October 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Chartered Accountants' Report | 7 |
| Paul Brereton Limited |
| Company Information |
| for the year ended 31st October 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 19 Trinity Square |
| Llandudno |
| CONWY |
| LL30 2RD |
| Paul Brereton Limited (Registered number: 04918995) |
| Balance Sheet |
| 31st October 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS/(LIABILITIES) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| 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 |
| Paul Brereton Limited (Registered number: 04918995) |
| Notes to the Financial Statements |
| for the year ended 31st October 2018 |
| 1. | STATUTORY INFORMATION |
| Paul Brereton Limited is a |
| 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
| tax and other sales taxes. |
| Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred |
| to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the |
| transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured |
| reliably. This is usually on dispatch of the goods. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its |
| estimated remaining useful life of five 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. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset |
| and the costs attributable to bringing the asset to its working condition for its intended use. |
| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of |
| each asset on a systematic basis over its expected useful life as follows: |
| Long leasehold | - in accordance with the property |
| Plant & machinery | - 25% on reducing balance |
| Fixtures and fittings | - 25% on reducing balance |
| Motor vehicles | - 25% on reducing balance |
| Computer equipment | - 25 % on reducing balance |
| No depreciation has been provided for on the land and buildings as ongoing expenditure is incurred to ensure that their |
| residual value is maintained, and so any depreciation would be immaterial. |
| 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. |
| Paul Brereton Limited (Registered number: 04918995) |
| Notes to the Financial Statements - continued |
| for the year ended 31st October 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire |
| purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over |
| their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future |
| payments is treated as a liability. |
| 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. |
| Share capital |
| Ordinary shares are classed as equity. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1st November 2017 |
| and 31st October 2018 |
| AMORTISATION |
| At 1st November 2017 |
| Amortisation for year |
| At 31st October 2018 |
| NET BOOK VALUE |
| At 31st October 2018 |
| At 31st October 2017 |
| Paul Brereton Limited (Registered number: 04918995) |
| Notes to the Financial Statements - continued |
| for the year ended 31st October 2018 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Long | Plant and | and |
| leasehold | machinery | fittings |
| £ | £ | £ |
| COST |
| At 1st November 2017 |
| Additions |
| At 31st October 2018 |
| DEPRECIATION |
| At 1st November 2017 |
| Charge for year |
| Eliminated on disposal |
| At 31st October 2018 |
| NET BOOK VALUE |
| At 31st October 2018 |
| At 31st October 2017 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st November 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31st October 2018 |
| DEPRECIATION |
| At 1st November 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st October 2018 |
| NET BOOK VALUE |
| At 31st October 2018 |
| At 31st October 2017 |
| Paul Brereton Limited (Registered number: 04918995) |
| Notes to the Financial Statements - continued |
| for the year ended 31st October 2018 |
| 5. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1st November 2017 |
| Additions |
| At 31st October 2018 |
| DEPRECIATION |
| At 1st November 2017 |
| Reclassification/transfer |
| At 31st October 2018 |
| NET BOOK VALUE |
| At 31st October 2018 |
| At 31st October 2017 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 12,994 | 17,266 |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Paul Brereton Limited |
| 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 Paul Brereton Limited for the year ended 31st October 2018 which comprise the Income Statement, Balance Sheet, Statement of |
| Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Paul Brereton Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Paul Brereton Limited and state those matters that we have agreed to state to the Board of Directors of Paul Brereton Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Paul Brereton Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Paul Brereton 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 Paul Brereton Limited. You consider that Paul Brereton 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 Paul Brereton 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. |
| Chartered Accountants |
| 19 Trinity Square |
| Llandudno |
| CONWY |
| LL30 2RD |