Beechwood Carpentry Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05141392 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 JUNE 2019

FOR

BEECHWOOD CARPENTRY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J B Unwin

REGISTERED OFFICE:

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

REGISTERED NUMBER:

05141392 (England and Wales)

ACCOUNTANTS:

Segrave & Partners LLP

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

4,933

460

4,933

460

CURRENT ASSETS

Debtors

6

9,793

6,791

Cash at bank

570

1,034

10,363

7,825

CREDITORS

Amounts falling due within one year

7

10,452

7,760

NET CURRENT (LIABILITIES)/ASSETS

(89

)

65

TOTAL ASSETS LESS CURRENT LIABILITIES

4,844

525

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

4,744

425

SHAREHOLDERS' FUNDS

4,844

525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 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 7 February 2020 and were signed by:

J B Unwin - Director

1.	STATUTORY INFORMATION

Beechwood Carpentry 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten 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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 30 June 2018

and 29 June 2019

5,000

AMORTISATION

At 30 June 2018

and 29 June 2019

5,000

NET BOOK VALUE

At 29 June 2019

-

At 29 June 2018

-

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 30 June 2018

6,457

500

6,957

Additions

6,100

-

6,100

At 29 June 2019

12,557

500

13,057

DEPRECIATION

At 30 June 2018

6,253

244

6,497

Charge for year

1,576

51

1,627

At 29 June 2019

7,829

295

8,124

NET BOOK VALUE

At 29 June 2019

4,728

205

4,933

At 29 June 2018

204

256

460

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

-

1,010

Other debtors

9,660

5,654

Prepayments

133

127

9,793

6,791

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Tax

2,309

1,017

Social security and other taxes

12

7

Director's loan account

7,081

5,686

Accrued expenses

1,050

1,050

10,452

7,760

8.

RESERVES

Retained

earnings

£

At 30 June 2018

425

Profit for the year

14,319

Dividends

(10,000

)

At 29 June 2019

4,744