The Bran Tub (Malvern) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04680098 (England and Wales)

Financial Statements for the Year Ended 31 March 2020

for

THE BRAN TUB (MALVERN) LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

4,500

6,000

Tangible assets

5

10,332

13,670

14,832

19,670

CURRENT ASSETS

Stocks

29,327

33,450

Debtors

6

2,331

1,418

Cash at bank and in hand

48,606

55,537

80,264

90,405

CREDITORS

Amounts falling due within one year

7

86,933

98,865

NET CURRENT LIABILITIES

(6,669

)

(8,460

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,163

11,210

CREDITORS

Amounts falling due after more than one year

8

(6,911

)

(10,228

)

PROVISIONS FOR LIABILITIES

(981

)

(730

)

NET ASSETS

271

252

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

270

251

SHAREHOLDERS' FUNDS

271

252

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 31 July 2020 and were signed by:

Miss T J Gamlen - Director

1.	STATUTORY INFORMATION

The Bran Tub (Malvern) Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address are as below:

Registered number:

04680098

Registered office:

20 Sansome Walk

Worcester

Worcestershire

WR1 1LR

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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.

Fixtures and fittings

-

25% on cost and 15% on reducing balance

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 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.

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 4 (2019 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

30,000

AMORTISATION

At 1 April 2019

24,000

Charge for year

1,500

At 31 March 2020

25,500

NET BOOK VALUE

At 31 March 2020

4,500

At 31 March 2019

6,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2019

and 31 March 2020

25,938

15,734

1,732

43,404

DEPRECIATION

At 1 April 2019

24,179

3,933

1,622

29,734

Charge for year

278

2,950

110

3,338

At 31 March 2020

24,457

6,883

1,732

33,072

NET BOOK VALUE

At 31 March 2020

1,481

8,851

-

10,332

At 31 March 2019

1,759

11,801

110

13,670

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

VAT

-

49

Prepayments

2,331

1,369

2,331

1,418

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Hire purchase contracts

3,317

3,317

Trade creditors

28,323

22,470

Tax

5,082

5,911

Social security and other taxes

835

367

VAT

194

-

Other creditors

-

262

Directors' current accounts

47,228

64,265

Accrued expenses

1,954

2,273

86,933

98,865

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Hire purchase contracts

6,911

10,228

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

Retained

earnings

£

At 1 April 2019

251

Profit for the year

13,769

Dividends

(13,750

)

At 31 March 2020

270