B & B Machining Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02658460 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2018

FOR

B & B MACHINING SERVICES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M R Baylis

A W Brazier

SECRETARY:

A W Brazier

REGISTERED OFFICE:

Unit 9 Little Forge Road

Park Farm

Redditch

Worcestershire

B98 7SF

REGISTERED NUMBER:

02658460 (England and Wales)

ACCOUNTANTS:

Prince Accountancy

Chartered Certified Accountants

Charter House

Sandford Street

Lichfield

Staffordshire

WS13 6QA

FIXED ASSETS

Tangible assets

4

174,526

152,301

CURRENT ASSETS

Stocks

120

120

Debtors

75,974

61,128

Cash at bank and in hand

72,690

138,131

148,784

199,379

CREDITORS

Amounts falling due within one year

167,049

203,998

NET CURRENT LIABILITIES

(18,265

)

(4,619

)

TOTAL ASSETS LESS CURRENT LIABILITIES

156,261

147,682

PROVISIONS FOR LIABILITIES

3,961

3,193

NET ASSETS

152,300

144,489

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

5

24,784

-

Retained earnings

127,416

144,389

SHAREHOLDERS' FUNDS

152,300

144,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 20 March 2019 and were signed on its behalf by:

A W Brazier - Director

M R Baylis - Director

1.	STATUTORY INFORMATION

B & B Machining Services 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 as modified by the revaluation of certain assets.

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

-

20% 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.

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 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 December 2017

332,516

Additions

982

Disposals

(21,196

)

Revaluations

17,720

At 30 November 2018

330,022

DEPRECIATION

At 1 December 2017

180,215

Charge for year

3,630

Eliminated on disposal

(19,811

)

Revaluation adjustments

(8,538

)

At 30 November 2018

155,496

NET BOOK VALUE

At 30 November 2018

174,526

At 30 November 2017

152,301

Cost or valuation at 30 November 2018 is represented by:

Totals

£

Valuation in 2018

17,720

Cost

312,302

330,022

Freehold Property was revalued on an open market basis by John Truslove in November 2018.

5.

RESERVES

Revaluation

reserve

£

Freehold Property Revaluation

26,258

Freehold Property Deferred Tax

(1,474

)

At 30 November 2018

24,784