Company Registration No. 04607197 (England and Wales)
Brightwater Limited
Unaudited accounts
for the year ended 31 May 2019
Brightwater Limited
Unaudited accounts
Contents
Brightwater Limited
Company Information
for the year ended 31 May 2019
Directors
Adrian Peter Page
Kenneth Skelton
Secretary
Garry George Clarke
Company Number
04607197 (England and Wales)
Registered Office
c/o South Staffordshire Plc
Green Lane
Walsall
West Midlands
WS2 7PD
ENGLAND
Accountants
Ratiobox Limited
Suite R, Diss Business Hub
Hopper Way
Diss
IP22 4GT
Brightwater Limited
Statement of financial position
as at 31 May 2019
Cash at bank and in hand
9,430
Creditors: amounts falling due within one year
(60,300)
Total assets less current liabilities
80,715
Provisions for liabilities
Called up share capital
99
Profit and loss account
68,201
Shareholders' funds
68,300
For the year ending 31 May 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 28 February 2020.
Kenneth Skelton
Director
Company Registration No. 04607197
Brightwater Limited
Notes to the Accounts
for the year ended 31 May 2019
Brightwater Limited is a private company, limited by shares, registered in England and Wales, registration number 04607197. The registered office is c/o South Staffordshire Plc, Green Lane, Walsall, West Midlands, WS2 7PD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing balance
Motor vehicles
25% Reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Brightwater Limited
Notes to the Accounts
for the year ended 31 May 2019
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2018
271,658
28,650
300,308
At 31 May 2019
279,533
28,650
308,183
At 1 June 2018
207,502
13,238
220,740
Charge for the year
10,804
3,853
14,657
At 31 May 2019
218,306
17,091
235,397
At 31 May 2019
61,227
11,559
72,786
Accrued income and prepayments
2,268
7
Creditors: amounts falling due within one year
2019
Taxes and social security
6,721
8
Average number of employees
During the year the average number of employees was 7.
