Company Registration No. 07079727 (England and Wales)
B.C. Havard Ltd
Unaudited accounts
for the year ended 31 December 2019
B.C. Havard Ltd
Unaudited accounts
Contents
B.C. Havard Ltd
Company Information
for the year ended 31 December 2019
Company Number
07079727 (England and Wales)
Registered Office
1ST FLOOR 10 SABRE CLOSE
QUEDGELEY
GLOUCESTER
GLOUCESTERSHIRE
GL2 4NZ
UNITED KINGDOM
Accountants
Virgate Accounts Ltd
1st Floor 10 Sabre Close
Quedgeley
Gloucester
Gloucestershire
GL2 4NZ
B.C. Havard Ltd
Statement of financial position
as at 31 December 2019
Tangible assets
127,912
50,492
Cash at bank and in hand
154,318
130,263
Creditors: amounts falling due within one year
(76,027)
(67,464)
Net current assets
104,992
113,513
Total assets less current liabilities
232,904
164,005
Creditors: amounts falling due after more than one year
(43,586)
-
Provisions for liabilities
Deferred tax
(9,043)
(9,043)
Net assets
180,275
154,962
Called up share capital
100
100
Profit and loss account
180,175
154,862
Shareholders' funds
180,275
154,962
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 October 2020 and were signed on its behalf by
Bruce Havard
Director
Company Registration No. 07079727
B.C. Havard Ltd
Notes to the Accounts
for the year ended 31 December 2019
B.C. Havard Ltd is a private company, limited by shares, registered in England and Wales, registration number 07079727. The registered office is 1ST FLOOR 10 SABRE CLOSE, QUEDGELEY, GLOUCESTER, GLOUCESTERSHIRE, GL2 4NZ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
10% Reducing balance
Computer equipment
33% Straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
B.C. Havard Ltd
Notes to the Accounts
for the year ended 31 December 2019
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2019
48,652
15,733
42,234
2,069
108,688
Additions
49,309
1
46,411
375
96,096
At 31 December 2019
97,961
15,734
88,645
2,444
204,784
At 1 January 2019
20,111
13,609
22,880
1,596
58,196
Charge for the year
12,931
534
4,819
392
18,676
At 31 December 2019
33,042
14,143
27,699
1,988
76,872
At 31 December 2019
64,919
1,591
60,946
456
127,912
At 31 December 2018
28,541
2,124
19,354
473
50,492
Raw materials
13,448
3,800
Accrued income and prepayments
3,210
1,543
Other debtors
10,043
45,371
8
Creditors: amounts falling due within one year
2019
2018
Trade creditors
15,545
1,340
Taxes and social security
23,224
33,141
Other creditors
(10,014)
25,520
Loans from directors
23,501
-
9
Creditors: amounts falling due after more than one year
2019
2018
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
B.C. Havard Ltd
Notes to the Accounts
for the year ended 31 December 2019
11
Post balance sheet events
Covid-19
The World Health Organisation (WHO) officially declared the coronavirus (Covid-19) outbreak a global pandemic on 11 March 2020. The immediate and longer term impact of Covid-19 on the UK leisure and hospitality sector has been significant and is expected to remain so for the foreseeable future.
The directors acknowledge that not all eventualities can be foreseen and in particular, they cannot possibly predict the potential impact on sales post reopening given the uncertainties over discretionary spend as the UK emerges from lockdown. Although they are confident that the company will continue as a going concern, the risks associated with Covid-19 have given rise to an unquantifiable material uncertainty in respect of going concern.
12
Average number of employees
During the year the average number of employees was 20 (2018: 18).
