Bentley Fielden Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04139833 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

BENTLEY FIELDEN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M Fielden

J H Fielden

SECRETARY:

Mrs M Fielden

REGISTERED OFFICE:

Bramley Barn

Hole Bottom

Todmorden

Lancashire

OL14 8DD

REGISTERED NUMBER:

04139833 (England and Wales)

ACCOUNTANTS:

Cresswells

12 Market Street

Hebden Bridge

West Yorkshire

HX7 6AD

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

6,878

9,628

Investment property

6

71,000

154,000

77,879

163,629

CURRENT ASSETS

Stocks

60,508

49,977

Debtors

7

120,019

70,297

Cash at bank and in hand

207

215

180,734

120,489

CREDITORS

Amounts falling due within one year

8

202,795

194,069

NET CURRENT LIABILITIES

(22,061

)

(73,580

)

TOTAL ASSETS LESS CURRENT LIABILITIES

55,818

90,049

CREDITORS

Amounts falling due after more than one year

9

(54,278

)

(65,951

)

PROVISIONS FOR LIABILITIES

11

(1,307

)

(1,829

)

NET ASSETS

233

22,269

CAPITAL AND RESERVES

Called up share capital

12

1,000

1,000

Fair value reserve

13

(1,821

)

16,179

Retained earnings

13

1,054

5,090

SHAREHOLDERS' FUNDS

233

22,269

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 Income Statement has not been delivered.

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

J H Fielden - Director

1.	STATUTORY INFORMATION

Bentley Fielden Ltd 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 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

over 10 years

Plant and machinery

-

over 4 years

Motor vehicles

-

over 5 years

Computer equipment

-

over 4 years

Investment properties

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising

from changes in fair value is recognised in profit or loss.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange

ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at

the rate of exchange ruling at the date of transaction. Exchange differences are taken into account

in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance

sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

Those held under finance leases are depreciated over their estimated useful lives or the lease

term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

100,000

AMORTISATION

At 1 April 2018

and 31 March 2019

99,999

NET BOOK VALUE

At 31 March 2019

1

At 31 March 2018

1

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2018

and 31 March 2019

15,201

8,249

13,750

2,680

39,880

DEPRECIATION

At 1 April 2018

15,201

8,247

4,125

2,679

30,252

Charge for year

-

-

2,750

-

2,750

At 31 March 2019

15,201

8,247

6,875

2,679

33,002

NET BOOK VALUE

At 31 March 2019

-

2

6,875

1

6,878

At 31 March 2018

-

2

9,625

1

9,628

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2018

and 31 March 2019

13,750

DEPRECIATION

At 1 April 2018

4,125

Charge for year

2,750

At 31 March 2019

6,875

NET BOOK VALUE

At 31 March 2019

6,875

At 31 March 2018

9,625

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

154,000

Disposals

(83,000

)

At 31 March 2019

71,000

NET BOOK VALUE

At 31 March 2019

71,000

At 31 March 2018

154,000

Fair value at 31 March 2019 is represented by:

£

Valuation in 2017

(1,821

)

Cost

72,821

71,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

79,684

61,524

Directors' current accounts

38,801

7,016

Prepayments and accrued income

1,534

1,757

120,019

70,297

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

32,902

18,573

Hire purchase contracts

3,437

3,437

Trade creditors

138,396

118,989

Tax

1,598

8,823

Social security and other taxes

2,779

6,488

VAT

4,212

25,704

Other creditors

6,084

-

Directors' current accounts

-

290

Accrued expenses

13,387

11,765

202,795

194,069

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans - 1-2 years

8,528

8,500

Bank loans - 2-5 years

25,584

28,500

Bank loans repayable in more

than 5 years

18,447

23,794

Hire purchase contracts

1,719

5,157

54,278

65,951

Amounts falling due in more than five years:

Repayable by instalments

Bank loans repayable in more

than 5 years

18,447

23,794

18,447

23,794

10.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank overdrafts

24,374

10,573

Bank loans

61,087

68,794

Hire purchase contracts

5,156

8,594

90,617

87,961

The company's bankers hold a fixed and floating charge over the assets of the company.

11.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

1,307

1,829

Deferred

tax

£

Balance at 1 April 2018

1,829

Credit to Income Statement during year

(522

)

Balance at 31 March 2019

1,307

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

500

Ordinary A

£1

500

500

300

Ordinary B

£1

300

300

200

Ordinary C

£1

200

200

1,000

1,000

13.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2018

5,090

16,179

21,269

Profit for the year

11,764

11,764

Dividends

(15,800

)

(15,800

)

Fair value realised

-

(18,000

)

(18,000

)

At 31 March 2019

1,054

(1,821

)

(767

)

14.	TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 31 March 2019

and 31 March 2018:

2019

2018

£

£

Mrs M Fielden

Balance outstanding at start of year

7,016

-

Amounts advanced

51,299

7,016

Amounts repaid

(35,212

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

23,103

7,016

J H Fielden

Balance outstanding at start of year

-

-

Amounts advanced

42,534

-

Amounts repaid

(26,836

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15,698

-

During the year the company occupied premises owned by a director. A rent of £12,000 (2018

£12,000) was charged to the company.