Bucephalus Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11023021 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2019

for

Bucephalus Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Demetri

Mrs A Demetri

REGISTERED OFFICE:

Wren House

68 London Road

St Albans

Hertfordshire

AL1 1NG

REGISTERED NUMBER:

11023021 (England and Wales)

ACCOUNTANTS:

Roy Pinnock & Co LLP

Chartered Certified Accountants

Wren House

68 London Road

St Albans

Hertfordshire

AL1 1NG

FIXED ASSETS

Tangible assets

4

508,894

507,952

CURRENT ASSETS

Stocks

1,682,686

1,227,534

Debtors

5

5,422

3,952

Cash at bank and in hand

61,465

77,420

1,749,573

1,308,906

CREDITORS

Amounts falling due within one year

6

1,456,464

989,587

NET CURRENT ASSETS

293,109

319,319

TOTAL ASSETS LESS CURRENT LIABILITIES

802,003

827,271

CREDITORS

Amounts falling due after more than one year

7

831,250

856,458

NET LIABILITIES

(29,247

)

(29,187

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(29,347

)

(29,287

)

SHAREHOLDERS' FUNDS

(29,247

)

(29,187

)

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 11 August 2020 and were signed on its behalf by:

M Demetri - Director

1.	STATUTORY INFORMATION

Bucephalus Developments 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

Computer

property

equipment

Totals

£

£

£

COST

At 1 January 2019

506,786

1,749

508,535

Additions

1,525

-

1,525

At 31 December 2019

508,311

1,749

510,060

DEPRECIATION

At 1 January 2019

-

583

583

Charge for year

-

583

583

At 31 December 2019

-

1,166

1,166

NET BOOK VALUE

At 31 December 2019

508,311

583

508,894

At 31 December 2018

506,786

1,166

507,952

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Other debtors

5,422

3,952

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Bank loans and overdrafts

106,809

25,000

Trade creditors

(1

)

5,429

Other creditors

1,349,656

959,158

1,456,464

989,587

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.19

31.12.18

£

£

Bank loans

831,250

856,250

Other creditors

-

208

831,250

856,458