Bectel Handling Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06510934 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2018

for

Bectel Handling Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

3,375

4,500

CURRENT ASSETS

Stocks

35,000

83,500

Debtors

5

63,428

51,274

Cash at bank

2,641

37,232

101,069

172,006

CREDITORS

Amounts falling due within one year

6

199,432

145,578

NET CURRENT (LIABILITIES)/ASSETS

(98,363

)

26,428

TOTAL ASSETS LESS CURRENT LIABILITIES

(94,988

)

30,928

PROVISIONS FOR LIABILITIES

-

855

NET (LIABILITIES)/ASSETS

(94,988

)

30,073

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(94,990

)

30,071

SHAREHOLDERS' FUNDS

(94,988

)

30,073

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 31 July 2019 and were signed by:

Ms R A Gibson - Director

1.	STATUTORY INFORMATION

Bectel Handling Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address are as below:

Registered number:

06510934

Registered office:

Ebenezer House

Ryecroft

Newcastle

Staffordshire

ST5 2BE

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax. Revenue is recognised as the

company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the

element of work completed but not yet invoiced on service contracts.

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

-

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 Profit and Loss Account, 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.

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 4 (2017 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 November 2017

and 31 October 2018

6,000

DEPRECIATION

At 1 November 2017

1,500

Charge for year

1,125

At 31 October 2018

2,625

NET BOOK VALUE

At 31 October 2018

3,375

At 31 October 2017

4,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

37,950

39,064

Other debtors

25,478

12,210

63,428

51,274

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

93,535

112,099

Taxation and social security

3,017

11,109

Other creditors

102,880

22,370

199,432

145,578

7.	SECURED DEBTS

Amounts owed to the factoring company are deducted by means of fixed charges and floating charges over all the

property and undertaking of the company.

8.	DEBT FACTORING

Included in trade debtors is £37,950 that represents the factored debts. Included in other creditors is £30,766 that

represents the amount the company owes the factoring company.