Burton Safes (Holdings) Limited - Period Ending 2019-04-30
Burton Safes (Holdings) Limited - Period Ending 2019-04-30
Registration number:
Burton Safes (Holdings) Limited
for the Year Ended 30 April 2019
Chartered Accountants
12 Greenhead Road
Huddersfield
West Yorkshire
HD1 4EN
Burton Safes (Holdings) Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Burton Safes (Holdings) Limited
Company Information
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Directors |
Mr J D Elson Mr B Lewis Mr A S Walker Mr A Lever Mr A J Greenway |
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Company secretary |
Mrs C L Elson |
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Registered office |
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Accountants |
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Page 1 |
Burton Safes (Holdings) Limited
(Registration number: 07274865)
Balance Sheet as at 30 April 2019
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2019 |
2018 |
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Fixed assets |
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Investments |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 30 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Mr J D Elson
Director
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Page 2 |
Burton Safes (Holdings) Limited
Notes to the Financial Statements for the Year Ended 30 April 2019
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General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
United Kingdom
The principal place of business is:
Brockholes Business Park
Rock Mill Road
Brockholes
Huddersfield
West Yorkshire
HD9 7BN
United Kingdom
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentational currency is £ sterling.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
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Page 3 |
Burton Safes (Holdings) Limited
Notes to the Financial Statements for the Year Ended 30 April 2019
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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Page 4 |
Burton Safes (Holdings) Limited
Notes to the Financial Statements for the Year Ended 30 April 2019
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Investments |
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2019 |
2018 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
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Cost or valuation |
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At 1 May 2018 |
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Provision |
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Carrying amount |
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At 30 April 2019 |
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At 30 April 2018 |
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Page 5 |
Burton Safes (Holdings) Limited
Notes to the Financial Statements for the Year Ended 30 April 2019
Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2019 |
2018 |
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Subsidiary undertakings |
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Ordinary |
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England and Wales |
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Ordinary |
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England and Wales |
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Ordinary |
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England and Wales |
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The principal activity of Burton Safes Limited is |
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The principal activity of Burton Safes Services Limited is |
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The principal activity of Keyguard Security Limited is |
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Debtors |
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2019 |
2018 |
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- |
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Page 6 |
Burton Safes (Holdings) Limited
Notes to the Financial Statements for the Year Ended 30 April 2019
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Creditors |
Creditors: amounts falling due within one year
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Note |
2019 |
2018 |
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Due within one year |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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2019 |
2018 |
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No. |
£ |
No. |
£ |
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3,700 |
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3,700 |
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Dividends |
Final dividends paid
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2019 |
2018 |
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Final dividend of £ |
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Page 7 |
Burton Safes (Holdings) Limited
Notes to the Financial Statements for the Year Ended 30 April 2019
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Related party transactions |
Keyguard Security Limited
(The company's subsidiary undertaking)
At the balance sheet date the amount due to Keyguard Security Limited was £500 (2018: £500).
Summary of transactions with subsidiaries
During the year the company received loans from Burton Safes Limited of £129,136 (2018: £150,198) and repaid £153,500 (2018: £122,088). At the balance sheet date the amount due to Burton Safes Limited was £137,642 (2018: £162,006).
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Page 8 |