Brynstore Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08231524 (England and Wales)

BRYNSTORE LIMITED

Unaudited Financial Statements

for the Year Ended 30 September 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N W Churchward

REGISTERED OFFICE:

Factory 3

M & N House,

Barleyfield Ind Estate

Brynmawr

Gwent

NP23 4LU

REGISTERED NUMBER:

08231524 (England and Wales)

ACCOUNTANTS:

Griffiths Green Arnold

11 New Street

Pontnewydd

Cwmbran

NP44 1EE

FIXED ASSETS

Intangible assets

4

3,200

4,000

Tangible assets

5

157,358

123,844

160,558

127,844

CURRENT ASSETS

Debtors

6

57,958

41,799

Cash at bank

-

2,902

57,958

44,701

CREDITORS

Amounts falling due within one year

7

124,444

135,458

NET CURRENT LIABILITIES

(66,486

)

(90,757

)

TOTAL ASSETS LESS CURRENT LIABILITIES

94,072

37,087

CREDITORS

Amounts falling due after more than one year

8

16,052

9,752

NET ASSETS

78,020

27,335

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

78,019

27,334

78,020

27,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 19 December 2019 and were signed by:

N W Churchward - Director

1.	STATUTORY INFORMATION

Brynstore 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Long leasehold

-

5% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2018

and 30 September 2019

8,000

AMORTISATION

At 1 October 2018

4,000

Charge for year

800

At 30 September 2019

4,800

NET BOOK VALUE

At 30 September 2019

3,200

At 30 September 2018

4,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

COST

At 1 October 2018

132,249

5,961

31,894

170,104

Additions

26,000

20,276

(2,047

)

44,229

At 30 September 2019

158,249

26,237

29,847

214,333

DEPRECIATION

At 1 October 2018

35,756

2,659

7,845

46,260

Charge for year

6,613

495

3,607

10,715

At 30 September 2019

42,369

3,154

11,452

56,975

NET BOOK VALUE

At 30 September 2019

115,880

23,083

18,395

157,358

At 30 September 2018

96,493

3,302

24,049

123,844

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Trade debtors

19,872

4,073

Amounts owed by group undertakings

19,405

11,895

Other debtors

18,681

25,831

57,958

41,799

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Bank loans and overdrafts

6,925

4,051

Hire purchase contracts

5,835

6,412

Trade creditors

12,662

17,948

Amounts owed to group undertakings

36,926

62,738

Taxation and social security

55,922

36,378

Other creditors

6,174

7,931

124,444

135,458

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.19

30.9.18

£

£

Bank loans

12,333

-

Hire purchase contracts

3,719

9,752

16,052

9,752

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2019 and

30 September 2018:

30.9.19

30.9.18

£

£

N W Churchward

Balance outstanding at start of year

24,912

39,025

Amounts advanced

37,850

30,887

Amounts repaid

(45,000

)

(45,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17,762

24,912