Blackburn Cathedral Developments
Blackburn Cathedral Developments
Registered number: 04321231
Unaudited Financial Statements
For The Year Ended
31 December 2019
Arlo Accountancy Limited
Blackburn Cathedral Developments
Unaudited Financial Statements
For The Year Ended
31 December 2019
Unaudited Financial Statements
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| Page | |
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| Balance Sheet | 1 |
| Notes to the Financial Statements | 2—3 |
Blackburn Cathedral Developments
Balance Sheet
As at
31 December 2019
Balance Sheet
Registered number:
04321231
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.
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Stocks | 3 |
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| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET ASSETS |
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Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
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Director
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The notes on pages 2 to 3 form part of these financial statements.
Page 1
Blackburn Cathedral Developments
Notes to the Financial Statements
For The Year Ended
31 December 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Covid 19 has not had a material effect on the operation of the company.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2018: NIL)
3.
Stocks
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| £ | £ | ||
| Stock - work in progress |
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4.
Debtors
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| £ | £ | ||
| Due within one year | |||
| Other debtors |
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| VAT |
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| Amounts owed by group undertakings |
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Page 2
Blackburn Cathedral Developments
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2019
5.
Creditors: Amounts Falling Due Within One Year
| 2019 | 2018 | ||
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| £ | £ | ||
| Trade creditors |
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| Accruals and deferred income |
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6.
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
7.
General Information
Blackburn Cathedral Developments
is a private company, limited by guarantee, incorporated in England & Wales, registered number
04321231
. The registered office is Cathedral Office, Cathedral Close, Blackburn, Lancashire, BB1 5AA.
Page 3