Booker Wellman Limited - Period Ending 2018-12-31

Registration number: 0998765

Booker Wellman Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2018

Booker Wellman Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 6

Booker Wellman Limited

Company Information

Directors

Y P Williams L A Williams

Company secretary

Y P Williams

Registered office

Sizers Court Henshaw Lane Yeadon Leeds. West Yorkshire LS19 7DP

Accountants

Fox Jennings Cullen Accountants & Business Advisers Tarn House 77 High Street Yeadon Leeds West Yorkshire LS19 7SP

Page 1

Booker Wellman Limited

(Registration number: 0998765)
Balance Sheet as at 31 December 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	4	19,530	20,615
Current assets
Stocks	5	-	14,218
Debtors	6	184,445	297,498
Cash at bank and in hand		52,250	60,159
		236,695	371,875
Creditors: Amounts falling due within one year	7	(147,749)	(320,830)
Net current assets		88,946	51,045
Net assets		108,476	71,660
Capital and reserves
Called up share capital	8	8,000	8,000
Profit and loss account		100,476	63,660
Total equity		108,476	71,660

For the financial year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 29 August 2019 and signed on its behalf by:
 

.........................................

Y P Williams
Company secretary and director

The notes on pages 3 to 6 form an integral part of these financial statements.

Page 2

Booker Wellman Limited

Notes to the Financial Statements for the Year Ended 31 December 2018

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Sizers Court
Henshaw Lane
Yeadon
Leeds.
West Yorkshire
LS19 7DP

These financial statements were authorised for issue by the Board on 29 August 2019.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	15% RB
Furniture & Fixtures	15% RB
Office Equipment	25% RB
Motor Vehicles	25% RB

Page 3

Booker Wellman Limited

Notes to the Financial Statements for the Year Ended 31 December 2018 (continued)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2017 - 9).

Page 4

Booker Wellman Limited

Notes to the Financial Statements for the Year Ended 31 December 2018 (continued)

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 January 2018	387	258,424	3,164	16,575
Additions	-	2,321	150	-
At 31 December 2018	387	260,745	3,314	16,575
Depreciation
At 1 January 2018	258	238,726	3,047	15,903
Charge for the year	19	3,303	67	168
At 31 December 2018	277	242,029	3,114	16,071
Carrying amount
At 31 December 2018	110	18,716	200	504
At 31 December 2017	129	19,697	117	672

	Total £
Cost or valuation
At 1 January 2018	278,550
Additions	2,471
At 31 December 2018	281,021
Depreciation
At 1 January 2018	257,934
Charge for the year	3,557
At 31 December 2018	261,491
Carrying amount
At 31 December 2018	19,530
At 31 December 2017	20,615

5

Stocks

	2018 £	2017 £
Work in progress	-	14,218

Page 5

Booker Wellman Limited

Notes to the Financial Statements for the Year Ended 31 December 2018 (continued)

6

Debtors

	2018 £	2017 £
Trade debtors	173,263	287,582
Prepayments	11,182	9,916
	184,445	297,498

7

Creditors

Creditors: amounts falling due within one year

	Note	2018 £	2017 £
Due within one year
Trade creditors		37,298	59,590
Taxation and social security		31,114	47,390
Other creditors		79,337	213,850
		147,749	320,830

8	Share capital

Allotted, called up and fully paid shares

	2018		2017
	No.	£	No.	£
Ordinary shares of £1 each	8,000	8,000	8,000	8,000

9	Related party transactions

Summary of transactions with entities with joint control or significant interest

Booker Wellman (Properties) Limited
 (a company under the control of the directors)
 The company paid rent of £nil (2017 - £35,000) and management fees of £nil (2017 - £67,000) to Booker Wellman (Properties) Limited.
In addition, a loan existed between the companies. At the balance sheet date the amount due to Booker Wellman (Properties) Limited was £55,000 (2017 - £147,000). This loan is interest-free and repayable upon demand.
 

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