Beswick Warehouse Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10525996 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2019

for

BESWICK WAREHOUSE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W J Forde

Mrs S Forde

SECRETARY:

REGISTERED OFFICE:

17 Clyde Park

Bristol

BS6 6RS

REGISTERED NUMBER:

10525996 (England and Wales)

ACCOUNTANTS:

Wotton Accountancy Associates Limited

Stag House

The Chipping

Wotton under Edge

Gloucestershire

GL12 7AD

FIXED ASSETS

Tangible assets

4

1,655,680

1,564,627

CURRENT ASSETS

Debtors

5

5,200

15,909

Cash at bank

390,087

200,709

395,287

216,618

CREDITORS

Amounts falling due within one year

6

1,138,132

833,587

NET CURRENT LIABILITIES

(742,845

)

(616,969

)

TOTAL ASSETS LESS CURRENT LIABILITIES

912,835

947,658

CREDITORS

Amounts falling due after more than one year

7

882,418

921,472

NET ASSETS

30,417

26,186

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

30,317

26,086

30,417

26,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 and authorised for issue on 9 May 2020 and were signed on its behalf by:

W J Forde - Director

1.	STATUTORY INFORMATION

Beswick Warehouse 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.

Tangible fixed assets

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

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 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2019

1,564,627

Additions

91,053

At 31 December 2019

1,655,680

NET BOOK VALUE

At 31 December 2019

1,655,680

At 31 December 2018

1,564,627

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

5,200

-

Other debtors

-

15,909

5,200

15,909

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

40,406

47,823

Trade creditors

(441

)

5,246

Taxation and social security

12,719

8,457

Other creditors

1,085,448

772,061

1,138,132

833,587

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

882,418

921,472