Brill Buying Limited Company accounts

Brill Buying Limited Company accounts

BRILL BUYING LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08617595
Brill Buying Limited
Unaudited Financial Statements
31 July 2019
Brill Buying Limited
Financial Statements
Year ended 31 July 2019
Contents
Page
Directors' report
1
Statement of income and retained earnings
2
Statement of financial position
3
Notes to the financial statements
4
Brill Buying Limited
Directors' Report
Year ended 31 July 2019
The directors present their report and the unaudited financial statements of the company for the year ended 31 July 2019 .
Directors
The directors who served the company during the year were as follows:
Mr D Dilly
Mr M Swan
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 17 April 2020 and signed on behalf of the board by:
Mr D Dilly
Director
Registered office:
3A Minton Place
Victoria Road
Bicester
Oxfordshire
England
OX26 6QB
Brill Buying Limited
Statement of Income and Retained Earnings
Year ended 31 July 2019
2019
2018
Note
£
£
Turnover
1,764
2,062
Cost of sales
1,000
1,300
-------
-------
Gross profit
764
762
Administrative expenses
725
726
----
----
Operating profit
39
36
----
----
Profit before taxation
39
36
Tax on profit
–
–
----
----
Profit for the financial year and total comprehensive income
39
36
----
----
Retained losses at the start of the year
( 163)
( 199)
----
----
Retained losses at the end of the year
( 124)
( 163)
----
----
All the activities of the company are from continuing operations.
Brill Buying Limited
Statement of Financial Position
31 July 2019
2019
2018
Note
£
£
£
Current assets
Cash at bank and in hand
228
189
Creditors: amounts falling due within one year
4
252
252
----
----
Net current liabilities
24
63
----
----
Total assets less current liabilities
( 24)
( 63)
----
----
Net liabilities
( 24)
( 63)
----
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 124)
( 163)
----
----
Shareholders deficit
( 24)
( 63)
----
----
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 July 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 17 April 2020 , and are signed on behalf of the board by:
Mr D Dilly
Director
Company registration number: 08617595
Brill Buying Limited
Notes to the Financial Statements
Year ended 31 July 2019
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3A Minton Place, Victoria Road, Bicester, Oxfordshire, OX26 6QB, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
4. Creditors: amounts falling due within one year
2019
2018
£
£
Other creditors
252
252
----
----
5. Related party transactions
The company was under the control of Mr D Dilly & Mr M Swan throughout the current period. Mr Dilly & Mr Swan are the directors and joint shareholders. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.