Beef Improvement Grouping Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02848266 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

BEEF IMPROVEMENT GROUPING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Lord Middleton

T S Rymer

R M Hughes

R J Fuller

R C Rook

L L Leachman

R O Parry

SECRETARY:

R J Fuller

REGISTERED OFFICE:

Southburn Offices

Southburn

Driffield

East Yorkshire

YO25 9ED

REGISTERED NUMBER:

02848266 (England and Wales)

ACCOUNTANTS:

Bradbury & Co (Accountants) Limited

Chartered Tax Advisers and Accountants

Driffield

FIXED ASSETS

Tangible assets

4

19,081

5,122

CURRENT ASSETS

Stocks

14,007

18,433

Debtors

5

333,421

102,614

Cash at bank

342,377

496,219

689,805

617,266

CREDITORS

Amounts falling due within one year

6

(254,134

)

(136,560

)

NET CURRENT ASSETS

435,671

480,706

TOTAL ASSETS LESS CURRENT LIABILITIES

454,752

485,828

CAPITAL AND RESERVES

Called up share capital

500

500

Capital redemption reserve

21,931

21,931

Retained earnings

432,321

463,397

SHAREHOLDERS' FUNDS

454,752

485,828

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 4 April 2019 and were signed on its behalf by:

Lord Middleton - Director

T S Rymer - Director

R C Rook - Director

1.	STATUTORY INFORMATION

Beef Improvement Grouping 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 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 is the total amount, excluding value added tax, receivable by the company for goods and other

services provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated

useful life.

Motor vehicles

25%

Plant & machinery

20%

Stocks

Stocks are valued at the lower of cost or net realisable value.

Government grants

Government grants receivable in respect of expenditure charged to the revenue account during the year

have been credited in the profit and loss account.

Government grants receivable in respect of capital are treated as deferred income, which is credited to

the profit and loss account by instalments over the expected useful life of the related asset, on a basis

consistent with the depreciation policy.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2017 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 January 2018

111,358

Additions

60,040

Disposals

(55,089

)

At 31 December 2018

116,309

DEPRECIATION

At 1 January 2018

106,236

Charge for year

12,848

Eliminated on disposal

(21,856

)

At 31 December 2018

97,228

NET BOOK VALUE

At 31 December 2018

19,081

At 31 December 2017

5,122

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

318,907

80,352

Other debtors

14,514

22,262

333,421

102,614

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

220,565

119,255

Taxation and social security

33,569

17,305

254,134

136,560