M. Brown Demolition Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02508944 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2019

FOR

M. BROWN DEMOLITION LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M J Brown

Non-Executive Directors Limited

SECRETARY:

Mr J C Brown

REGISTERED OFFICE:

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

REGISTERED NUMBER:

02508944 (England and Wales)

ACCOUNTANTS:

Raffingers LLP

Chartered Certified Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Tangible assets

4

768,118

779,128

CURRENT ASSETS

Stocks

55,000

50,000

Debtors

830,710

384,353

Cash at bank

43,660

470,595

929,370

904,948

CREDITORS

Amounts falling due within one year

815,009

1,276,356

NET CURRENT ASSETS/(LIABILITIES)

114,361

(371,408

)

TOTAL ASSETS LESS CURRENT LIABILITIES

882,479

407,720

CREDITORS

Amounts falling due after more than one year

(363,070

)

(137,037

)

PROVISIONS FOR LIABILITIES

(77,058

)

(68,335

)

NET ASSETS

442,351

202,348

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

442,251

202,248

442,351

202,348

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 18 October 2019 and were signed on its behalf by:

Mr M J Brown - Director

1.	STATUTORY INFORMATION

M. Brown Demolition 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.

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 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

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising

from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2018 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2018

1,522,400

Additions

179,781

Disposals

(57,300

)

At 31 July 2019

1,644,881

DEPRECIATION

At 1 August 2018

743,272

Charge for year

180,202

Eliminated on disposal

(46,711

)

At 31 July 2019

876,763

NET BOOK VALUE

At 31 July 2019

768,118

At 31 July 2018

779,128

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2019 and

31 July 2018:

2019

2018

£

£

Mr M J Brown

Balance outstanding at start of year

99,920

(64,350

)

Amounts advanced

-

164,270

Amounts repaid

(99,920

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

99,920

Balance above has been repaid by the director within nine months from the balance sheet date.