Bond Demolition Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03810886 (England and Wales)

Bond Demolition Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2019

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R M Bailey

Mr P Smith

SECRETARY:

Mrs J H Bailey

REGISTERED OFFICE:

Unit 3B

Ocean Park

Pantglas Industrial Estate

Caerphilly

Mid Glamorgan

CF83 8DR

REGISTERED NUMBER:

03810886 (England and Wales)

ACCOUNTANTS:

O'Brien & Partners

Chartered Accountants

Highdale House

7 Centre Court

Treforest Industrial Estate

Pontypridd

Rhondda Cynon Taff

CF37 5YR

FIXED ASSETS

Tangible assets

4

28,534

39,361

CURRENT ASSETS

Stocks

97,000

97,000

Debtors

5

1,544,743

1,283,787

Cash at bank and in hand

375,888

221,582

2,017,631

1,602,369

CREDITORS

Amounts falling due within one year

6

1,663,438

1,273,660

NET CURRENT ASSETS

354,193

328,709

TOTAL ASSETS LESS CURRENT LIABILITIES

382,727

368,070

PROVISIONS FOR LIABILITIES

-

1,046

NET ASSETS

382,727

367,024

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

382,725

367,022

SHAREHOLDERS' FUNDS

382,727

367,024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 March 2020 and were signed on its behalf by:

Mr R M Bailey - Director

1.	STATUTORY INFORMATION

Bond Demolition 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of

goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover

from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion

of a contract is measured by comparing the costs incurred for the work performed to date to the estimated contract costs.

Tangible fixed assets

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

Plant and machinery

-

33% on cost, 25% on reducing balance and 20% on cost

Fixtures and fittings

-

20% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing

stocks to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of

financial position 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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either

financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual

interest in the assets of the company after deducting all of its liabilities.

Grants receivable

Revenue government grants receivable are matched with related incurred expenditure and released to the profit and loss

account in the year in which they are due. Any amounts received but not yet released to the profit and loss account are

included as deferred income in the balance sheet.

Capital grants receivable are credited to the profit and loss account over the expected useful economic lives of the relevant

assets to which they relate. Grants received but not yet released to the profit and loss account are included as deferred income

in the balance sheet.

Current asset investments

Current asset investments are included at the lower of cost or net realisable value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2018 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2018

52,210

516

36,095

13,132

101,953

Additions

594

-

-

4,482

5,076

At 30 June 2019

52,804

516

36,095

17,614

107,029

DEPRECIATION

At 1 July 2018

42,511

516

9,024

10,541

62,592

Charge for year

4,616

-

9,024

2,263

15,903

At 30 June 2019

47,127

516

18,048

12,804

78,495

NET BOOK VALUE

At 30 June 2019

5,677

-

18,047

4,810

28,534

At 30 June 2018

9,699

-

27,071

2,591

39,361

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade debtors

124,997

46,333

Other debtors

1,419,746

1,237,454

1,544,743

1,283,787

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade creditors

426,454

336,297

Amounts owed to group undertakings

654,809

431,629

Taxation and social security

50,676

60,191

Other creditors

531,499

445,543

1,663,438

1,273,660

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party at the year end was Mr RM Bailey by virtue of his shareholding in Integrated Holdings

Limited.