Brine Trading Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04701233 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Brine Trading Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Robert A Brine

Roger A Brine

SECRETARY:

Roger A Brine

REGISTERED OFFICE:

30-31 St James Place

Mangotsfield

Bristol

BS16 9JB

REGISTERED NUMBER:

04701233 (England and Wales)

ACCOUNTANTS:

Copson Grandfield

30/31 St James Place

Mangotsfield

Bristol

South Glos.

BS16 9JB

BANKERS:

Bank of Scotland

59 Bath Street

Glasgow

G2 2DH

FIXED ASSETS

Tangible assets

4

47,562

46,831

Investment property

5

385,000

385,000

432,562

431,831

CURRENT ASSETS

Stocks

9,186

-

Debtors

6

7,026

11,026

Cash at bank

1,367

11,109

17,579

22,135

CREDITORS

Amounts falling due within one year

7

170,684

166,293

NET CURRENT LIABILITIES

(153,105

)

(144,158

)

TOTAL ASSETS LESS CURRENT LIABILITIES

279,457

287,673

CREDITORS

Amounts falling due after more than one year

8

(198,034

)

(203,981

)

PROVISIONS FOR LIABILITIES

9

(6,944

)

(6,751

)

NET ASSETS

74,479

76,941

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

10

74,379

76,841

SHAREHOLDERS' FUNDS

74,479

76,941

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 23 December 2019 and were signed on its behalf by:

Robert A Brine - Director

1.	STATUTORY INFORMATION

Brine Trading 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.

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 represents net invoiced sales of services,excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2018

47,314

295

8,778

56,387

Additions

-

1,100

1,291

2,391

At 31 March 2019

47,314

1,395

10,069

58,778

DEPRECIATION

At 1 April 2018

946

129

8,481

9,556

Charge for year

946

317

397

1,660

At 31 March 2019

1,892

446

8,878

11,216

NET BOOK VALUE

At 31 March 2019

45,422

949

1,191

47,562

At 31 March 2018

46,368

166

297

46,831

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

and 31 March 2019

385,000

NET BOOK VALUE

At 31 March 2019

385,000

At 31 March 2018

385,000

Fair value at 31 March 2019 is represented by:

£

Valuation in 2017

375,000

Valuation in 2018

10,000

385,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

7,026

11,026

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

4,800

4,800

Taxation and social security

203

2,611

Other creditors

165,681

158,882

170,684

166,293

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans

198,034

203,981

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

188,434

194,381

9.	PROVISIONS FOR LIABILITIES

31.3.19

31.3.18

£

£

Deferred tax

Accelerated capital allowances

6,944

6,751

Deferred

tax

£

Balance at 1 April 2018

6,751

Provided during year

193

Balance at 31 March 2019

6,944

10.

RESERVES

Retained

earnings

£

At 1 April 2018

76,841

Deficit for the year

(462

)

Dividends

(2,000

)

At 31 March 2019

74,379

Included in the total reserves is an amount of £71,754 that is not distributable