Broxton Industries Limited - Accounts to registrar (filleted) - small 18.2
Broxton Industries Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Broxton Industries Limited |
| Financial Statements |
| for the Year Ended 30th April 2019 |
| Broxton Industries Limited (Registered number: 01102735) |
| Contents of the Financial Statements |
| for the Year Ended 30th April 2019 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| Broxton Industries Limited (Registered number: 01102735) |
| Balance Sheet |
| 30th April 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Investments | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Broxton Industries Limited (Registered number: 01102735) |
| Balance Sheet - continued |
| 30th April 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| Broxton Industries Limited (Registered number: 01102735) |
| Notes to the Financial Statements |
| for the Year Ended 30th April 2019 |
| 1. | STATUTORY INFORMATION |
| Broxton Industries Limited is a |
| company's registered number and registered office address are as below: |
| Registered number: | 01102735 |
| Registered office: | 48 Elliot Road |
| Love Lane Trading Estate |
| CIRENCESTER |
| Gloucestershire |
| GL7 1YS |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents sales, excluding value added tax, except in respect of service contracts where turnover is |
| recognised when the company obtains the right to consideration. |
| Goodwill |
| Tangible fixed assets |
| Short leasehold improvements | - |
| Plant and machinery | - |
| Fixtures, fittings and equipment | - |
| Motor vehicles | - |
| Stocks |
| Stock is valued at the lower of cost and net realisable value. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, |
| 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. |
| Broxton Industries Limited (Registered number: 01102735) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th April 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Leasing |
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme in respect of the directors and employees. The |
| scheme and its assets are held by independent managers. The pension costs charged in the financial statements |
| represent the contribution payable by the company during the year. |
| Investments |
| Current asset investments are stated at year end market values. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1st May 2018 |
| and 30th April 2019 |
| AMORTISATION |
| At 1st May 2018 |
| Charge for year |
| At 30th April 2019 |
| NET BOOK VALUE |
| At 30th April 2019 |
| At 30th April 2018 |
| Broxton Industries Limited (Registered number: 01102735) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th April 2019 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures, |
| Short | fittings |
| leasehold | Plant and | and | Motor |
| improvements | machinery | equipment | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1st May 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30th April 2019 |
| DEPRECIATION |
| At 1st May 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30th April 2019 |
| NET BOOK VALUE |
| At 30th April 2019 |
| At 30th April 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Amounts recoverable on contracts |
| Other debtors |
| 7. | CURRENT ASSET INVESTMENTS |
| 2019 | 2018 |
| £ | £ |
| Listed investments | - | 119,670 |
| Current asset investments are stated at their market value at the year end. |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |