Wm. Bracey Limited - Accounts to registrar (filleted) - small 18.2

Wm. Bracey Limited - Accounts to registrar (filleted) - small 18.2

WM.BRACEY,LIMITED - Company Information

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REGISTERED NUMBER: 00396033 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2019

for

Wm. Bracey Limited
Wm. Bracey Limited (Registered number: 00396033)






Contents of the Financial Statements
for the year ended 30 September 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wm. Bracey Limited

Company Information
for the year ended 30 September 2019







DIRECTORS: Mrs M M Alston
H J Alston





SECRETARY: Mrs M M Alston





REGISTERED OFFICE: Billockby Hall
Fleggburgh
GREAT YARMOUTH
Norfolk
NR29 3BE





REGISTERED NUMBER: 00396033 (England and Wales)





ACCOUNTANTS: Argents Chartered Accountants
15 Palace Street
NORWICH
Norfolk
NR3 1RT
Page 1
Wm. Bracey Limited (Registered number: 00396033)

Balance Sheet
30 September 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1

CURRENT ASSETS
Stocks 70,350 52,538
Debtors 5 196,919 186,997
Cash at bank 1,604 -
268,873 239,535
CREDITORS
Amounts falling due within one year 6 1,686 3,574
NET CURRENT ASSETS 267,187 235,961
TOTAL ASSETS LESS CURRENT
LIABILITIES
267,188
235,962

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 7 267,148 235,922
SHAREHOLDERS' FUNDS 267,188 235,962

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 Comprehensive Income has not been delivered.

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





H J Alston - Director


The notes form part of these financial statements

Page 2
Wm. Bracey Limited (Registered number: 00396033)

Notes to the Financial Statements
for the year ended 30 September 2019

1. STATUTORY INFORMATION

Wm. Bracey 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

These accounts are the first set to be prepared by the company under FRS 102. On transition a
review has
been carried out of the previously recognised amounts to identify any that would need to be
restated under the new standards, but no adjustments were required.

The financial statements include information solely relating to the individual company.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard
102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related
party
transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Investments
Investments held as fixed assets are stated at cost less provision for any impairment in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - 2 ).

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2018
and 30 September 2019 1
NET BOOK VALUE
At 30 September 2019 1
At 30 September 2018 1

Page 3 continued...
Wm. Bracey Limited (Registered number: 00396033)

Notes to the Financial Statements - continued
for the year ended 30 September 2019

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Amounts owed by parent 196,838 186,997
VAT 81 -
196,919 186,997

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts - 1,674
Trade creditors 486 700
Accruals 1,200 1,200
1,686 3,574

7. RESERVES
Retained
earnings
£   

At 1 October 2018 235,922
Profit for the year 31,226
At 30 September 2019 267,148

Page 4