Black Rock Trading Company Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07516217 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2020

for

Black Rock Trading Company Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R J Banks

REGISTERED OFFICE:

Glebe House

104 Darras Road

Ponteland

Newcastle Upon Tyne

Northumberland

NE20 9PG

REGISTERED NUMBER:

07516217 (England and Wales)

ACCOUNTANTS:

Noble Accountants Ltd

Tarn Villa

Culgaith

Penrith

Cumbria

CA10 1QL

FIXED ASSETS

Tangible assets

4

6,860

7,216

CURRENT ASSETS

Stocks

5,100

4,900

Debtors

5

1,175

32,708

Cash at bank

54,151

175,517

60,426

213,125

CREDITORS

Amounts falling due within one year

6

65,628

71,604

NET CURRENT (LIABILITIES)/ASSETS

(5,202

)

141,521

TOTAL ASSETS LESS CURRENT LIABILITIES

1,658

148,737

PROVISIONS FOR LIABILITIES

1,303

1,371

NET ASSETS

355

147,366

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

255

147,266

SHAREHOLDERS' FUNDS

355

147,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2020 and were signed by:

R J Banks - Director

1.	STATUTORY INFORMATION

Black Rock Trading Company Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

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 Statement of Income and

Retained Earnings, 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 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 May 2019

15,260

Additions

1,930

At 30 April 2020

17,190

DEPRECIATION

At 1 May 2019

8,044

Charge for year

2,286

At 30 April 2020

10,330

NET BOOK VALUE

At 30 April 2020

6,860

At 30 April 2019

7,216

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

1,175

32,708

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

5,992

13,765

Taxation and social security

48,014

50,300

Other creditors

11,622

7,539

65,628

71,604

7.	RELATED PARTY DISCLOSURES

8.	ULTIMATE CONTROLLING PARTY

The controlling party is R J Banks.