B&E Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05239929 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

B&E SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B J Lawrence

E W Lawrence

SECRETARY:

B J Lawrence

REGISTERED OFFICE:

Unit 8

Sawmills Yard

South Newton

Salisbury

SP2 0QW

REGISTERED NUMBER:

05239929 (England and Wales)

ACCOUNTANTS:

Fawcetts LLP

Chartered Accountants

Windover House

St. Ann Street

Salisbury

SP1 2DR

FIXED ASSETS

Tangible assets

4

358,575

363,071

CURRENT ASSETS

Stocks

236,733

445,326

Debtors

5

1,005,900

844,488

Cash at bank and in hand

119,684

105,144

1,362,317

1,394,958

CREDITORS

Amounts falling due within one year

6

731,008

736,747

NET CURRENT ASSETS

631,309

658,211

TOTAL ASSETS LESS CURRENT LIABILITIES

989,884

1,021,282

CREDITORS

Amounts falling due after more than one year

7

(31,664

)

(77,327

)

PROVISIONS FOR LIABILITIES

(47,676

)

(44,191

)

NET ASSETS

910,544

899,764

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

910,444

899,664

SHAREHOLDERS' FUNDS

910,544

899,764

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

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

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 7 May 2020 and were signed on its behalf by:

B J Lawrence - Director

E W Lawrence - Director

1.	STATUTORY INFORMATION

B&E Services 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.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is

the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

at varying rates on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low

value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the

profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of

acquisition.

Stock and work in progress

Stock 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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

Debtors

Debtors are measured at their recoverable amount.

Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation resulting from a past

event that will probably result in the transfer of funds to a third party and the amount due to settle the

obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their

settlement amount after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2018 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2018

8,689

954,981

963,670

Additions

-

70,338

70,338

At 30 September 2019

8,689

1,025,319

1,034,008

DEPRECIATION

At 1 October 2018

8,689

591,910

600,599

Charge for year

-

74,834

74,834

At 30 September 2019

8,689

666,744

675,433

NET BOOK VALUE

At 30 September 2019

-

358,575

358,575

At 30 September 2018

-

363,071

363,071

The net book value of fixed assets includes £166,289 (2018 £209,960) in respect of assets held under hire

purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

992,736

815,116

Other debtors

13,164

29,372

1,005,900

844,488

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Hire purchase contracts

55,502

78,991

Trade creditors

463,405

447,018

Taxation and social security

108,449

167,335

Other creditors

103,652

43,403

731,008

736,747

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts

31,664

77,327

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

80

Ordinary 'A'

£1

80

80

20

Ordinary 'B'

£1

20

20

100

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2019 and

30 September 2018:

2019

2018

£

£

E W Lawrence

Balance outstanding at start of year

21,123

32,465

Amounts advanced

35,895

12,058

Amounts repaid

(52,123

)

(23,400

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,895

21,123

The overdrawn directors loan account was repaid after the year end.

10.	RELATED PARTY DISCLOSURES

At the year end the company owed £79,705 (2018 - £29,858) to B J Lawrence, and £4,895 (2018- £21,123) was

owed by E W Lawrence. B J Lawrence and E W Lawrence are directors of the company.