BKS Tradeline Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07144179 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2020

for

BKS Tradeline Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

R S Walton

D Walton

Mrs S Walton

Mrs E Sharp

SECRETARY:

R S Walton

REGISTERED OFFICE:

4A De Grey Square

De Grey Road

Colchester

Essex

CO4 5YQ

REGISTERED NUMBER:

07144179 (England and Wales)

ACCOUNTANTS:

RBS Accountancy Ltd

4A De Grey Square

De Grey Road

Colchester

Essex

CO4 5YQ

FIXED ASSETS

Tangible assets

4

285,076

288,393

CURRENT ASSETS

Stocks

272,000

366,000

Debtors

5

-

38,572

Cash at bank and in hand

246,785

180,097

518,785

584,669

CREDITORS

Amounts falling due within one year

6

415,147

588,664

NET CURRENT ASSETS/(LIABILITIES)

103,638

(3,995

)

TOTAL ASSETS LESS CURRENT LIABILITIES

388,714

284,398

PROVISIONS FOR LIABILITIES

13,441

13,441

NET ASSETS

375,273

270,957

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

375,173

270,857

SHAREHOLDERS' FUNDS

375,273

270,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 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 9 June 2020 and were signed on its behalf by:

D Walton - Director

R S Walton - Director

1.	STATUTORY INFORMATION

BKS Tradeline 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.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2019 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 February 2019

210,000

60,508

75,219

Additions

-

3,875

4,301

At 31 January 2020

210,000

64,383

79,520

DEPRECIATION

At 1 February 2019

-

36,686

27,994

Charge for year

-

4,155

7,729

At 31 January 2020

-

40,841

35,723

NET BOOK VALUE

At 31 January 2020

210,000

23,542

43,797

At 31 January 2019

210,000

23,822

47,225

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2019

11,995

16,263

373,985

Additions

-

2,426

10,602

At 31 January 2020

11,995

18,689

384,587

DEPRECIATION

At 1 February 2019

10,394

10,518

85,592

Charge for year

400

1,635

13,919

At 31 January 2020

10,794

12,153

99,511

NET BOOK VALUE

At 31 January 2020

1,201

6,536

285,076

At 31 January 2019

1,601

5,745

288,393

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

£

Trade debtors

-

38,572

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

£

Trade creditors

142,924

167,165

Taxation and social security

142,573

187,834

Other creditors

129,650

233,665

415,147

588,664

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BKS Tradeline Limited for the year ended 31 January 2020 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of BKS Tradeline Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BKS Tradeline Limited and state those matters that we have agreed to state to the Board of Directors of BKS Tradeline Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that BKS Tradeline Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of BKS Tradeline Limited. You consider that BKS Tradeline Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of BKS Tradeline Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

RBS Accountancy Ltd

4A De Grey Square

De Grey Road

Colchester

Essex

CO4 5YQ

9 June 2020