Bonding and Reline Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05209962 (England and Wales)

BONDING AND RELINE SERVICES LIMITED

Financial Statements

for the Year Ended 31 January 2020

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

R J Fitch

A M Taylor

J D Heel

SECRETARY:

R J Fitch

REGISTERED OFFICE:

Unit 4

Earls Way

Thurmaston

Leicester

LE4 8DL

REGISTERED NUMBER:

05209962 (England and Wales)

ACCOUNTANTS:

Accapita LLP

Chartered Certified Accountants

Christopher House

94b London Road

Leicester

LE2 0QS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

12,127

7,720

12,127

7,720

CURRENT ASSETS

Stocks

49,122

47,691

Debtors

6

185,759

153,437

Prepayments and accrued income

7,748

8,354

Cash at bank and in hand

722,309

693,304

964,938

902,786

CREDITORS

Amounts falling due within one year

7

169,498

138,273

NET CURRENT ASSETS

795,440

764,513

TOTAL ASSETS LESS CURRENT LIABILITIES

807,567

772,233

PROVISIONS FOR LIABILITIES

2,120

1,242

NET ASSETS

805,447

770,991

CAPITAL AND RESERVES

Called up share capital

8

3

3

Retained earnings

805,444

770,988

SHAREHOLDERS' FUNDS

805,447

770,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

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

A M Taylor - Director

1.	STATUTORY INFORMATION

Bonding and Reline 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.

Turnover

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

discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

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

obsolete and slow moving items.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2019 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2019

and 31 January 2020

254,849

AMORTISATION

At 1 February 2019

and 31 January 2020

254,849

NET BOOK VALUE

At 31 January 2020

-

At 31 January 2019

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2019

11,706

2,983

6,750

11,190

32,629

Additions

3,500

467

3,000

-

6,967

Disposals

-

-

(3,250

)

-

(3,250

)

At 31 January 2020

15,206

3,450

6,500

11,190

36,346

DEPRECIATION

At 1 February 2019

8,089

2,625

4,343

9,852

24,909

Charge for year

1,012

115

969

463

2,559

Eliminated on disposal

-

-

(3,249

)

-

(3,249

)

At 31 January 2020

9,101

2,740

2,063

10,315

24,219

NET BOOK VALUE

At 31 January 2020

6,105

710

4,437

875

12,127

At 31 January 2019

3,617

358

2,407

1,338

7,720

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

185,759

153,437

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

65,361

54,951

Taxation and social security

91,931

69,987

Other creditors

12,206

13,335

169,498

138,273

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

3

3

9.	OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £48,560 (2019 -

£91,782).

Due within one year £39,326

Due over one year £ 9,234

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Interest is charged at the official rate.