Beeline Installation & Maintenance Limit - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03485767 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

BEELINE INSTALLATION & MAINTENANCE

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J K Watson

A D Watson

SECRETARY:

A D Watson

REGISTERED OFFICE:

Crow Royds Farm

Riggs High Road

Stannington

Sheffield

South Yorkshire

S6 6DA

REGISTERED NUMBER:

03485767 (England and Wales)

ACCOUNTANTS:

Jones Thorne Limited

The Masters House

92a Arundel Street

Sheffield

South Yorkshire

S1 4RE

FIXED ASSETS

Tangible assets

4

7,990

9,954

CURRENT ASSETS

Stocks

430

430

Debtors

5

5,145

7,613

Cash at bank

2,822

2,459

8,397

10,502

CREDITORS

Amounts falling due within one year

6

13,887

14,205

NET CURRENT LIABILITIES

(5,490

)

(3,703

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,500

6,251

CREDITORS

Amounts falling due after more than one year

7

(644

)

(4,201

)

PROVISIONS FOR LIABILITIES

(1,518

)

(1,891

)

NET ASSETS

338

159

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

336

157

SHAREHOLDERS' FUNDS

338

159

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 20 December 2019 and were signed on its behalf by:

A D Watson - Director

1.	STATUTORY INFORMATION

Beeline Installation & Maintenance 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 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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2018

2,701

14,668

1,852

19,221

Additions

-

-

400

400

At 31 March 2019

2,701

14,668

2,252

19,621

DEPRECIATION

At 1 April 2018

1,693

6,303

1,271

9,267

Charge for year

151

2,091

122

2,364

At 31 March 2019

1,844

8,394

1,393

11,631

NET BOOK VALUE

At 31 March 2019

857

6,274

859

7,990

At 31 March 2018

1,008

8,365

581

9,954

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

1,740

1,350

Other debtors

3,405

6,263

5,145

7,613

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

3,717

3,878

Trade creditors

3,752

3,879

Taxation and social security

3,699

5,013

Other creditors

2,719

1,435

13,887

14,205

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans

644

4,201

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31 March 2019 and 31 March 2018:

31.3.19

31.3.18

£

£

A D Watson

Balance outstanding at start of year

4,971

2,249

Amounts advanced

-

2,722

Amounts repaid

(4,971

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

4,971

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £14,000 (2018 - £19,600) were paid to the directors .

10.	ULTIMATE CONTROLLING PARTY

The controlling party is A D Watson.