Brandon Forge Limited - Accounts to registrar (filleted) - small 18.2

BRANDON FORGE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Mackie

Mrs R Mackie

REGISTERED OFFICE:

Brandon Forge Cottage

Brandon Crescent

Shadwell

Leeds

West Yorkshire

LS17 9JH

REGISTERED NUMBER:

07877311 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Chartered Accountants

Fairfax House

6a Mill Field Road

Cottingley Business Park

Bradford

West Yorkshire

BD16 1PY

FIXED ASSETS

Tangible assets

4

3,130

4,017

CURRENT ASSETS

Debtors

5

3,244

2,524

Cash at bank

733

2,587

3,977

5,111

CREDITORS

Amounts falling due within one year

6

7,550

7,956

NET CURRENT LIABILITIES

(3,573

)

(2,845

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(443

)

1,172

PROVISIONS FOR LIABILITIES

7

595

763

NET (LIABILITIES)/ASSETS

(1,038

)

409

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

(1,040

)

407

SHAREHOLDERS' FUNDS

(1,038

)

409

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 applicable to companies subject to the small companies regime.

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 October 2019 and were signed on its behalf by:

Mrs R Mackie - Director

1.	STATUTORY INFORMATION

Brandon Forge 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.

In accordance with Section 444 of the Companies Act 2006, the Directors Report has not been delivered.

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 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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2018

and 31 March 2019

1,815

11,602

667

14,084

DEPRECIATION

At 1 April 2018

647

8,754

666

10,067

Charge for year

175

712

-

887

At 31 March 2019

822

9,466

666

10,954

NET BOOK VALUE

At 31 March 2019

993

2,136

1

3,130

At 31 March 2018

1,168

2,848

1

4,017

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Other debtors

3,244

2,524

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Tax

-

1,158

Social security and other taxes

348

225

Directors' current accounts

4,803

4,630

Accrued expenses

2,399

1,943

7,550

7,956

The directors loan account is interest free and repayable on demand.

7.	PROVISIONS FOR LIABILITIES

31.3.19

31.3.18

£

£

Deferred tax

595

763

Deferred

tax

£

Balance at 1 April 2018

763

Accelerated capital allowances

(168

)

Balance at 31 March 2019

595

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

2

Ordinary

1.00

2

2

9.	ULTIMATE CONTROLLING PARTY

The directors control the company by virtue of their share holdings.