Bodenham Grain Storage Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03366925 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2020

for

Bodenham Grain Storage Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

F J Legge

M N Lewis

A W Panniers

A H C Edwards

D E Legge

SECRETARY:

F J Legge

REGISTERED OFFICE:

Rural Enterprise Centre

Vincent Carey Road

Rotherwas

Hereford

Herefordshire

HR2 6FE

BUSINESS ADDRESS:

Pool Head

Bodenham

Hereford

Herefordshire

HR1 3HP

REGISTERED NUMBER:

03366925 (England and Wales)

ACCOUNTANTS:

A D Accounts Limited

Rural Enterprise Centre

Vincent Carey Road

Rotherwas

Hereford

Herefordshire

HR2 6FE

FIXED ASSETS

Intangible assets

5

12,838

19,206

Tangible assets

6

625,153

656,364

637,991

675,570

CURRENT ASSETS

Debtors

25,550

7,787

Cash at bank and in hand

179,514

52,596

205,064

60,383

CREDITORS

Amounts falling due within one year

(66,069

)

(23,016

)

NET CURRENT ASSETS

138,995

37,367

TOTAL ASSETS LESS CURRENT LIABILITIES

776,986

712,937

CREDITORS

Amounts falling due after more than one year

(60,284

)

(45,856

)

PROVISIONS FOR LIABILITIES

(36,368

)

(36,467

)

NET ASSETS

680,334

630,614

CAPITAL AND RESERVES

Called up share capital

8

462,980

462,980

Share premium

750

750

Retained earnings

216,604

166,884

SHAREHOLDERS' FUNDS

680,334

630,614

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 March 2021 and were signed on its behalf by:

M N Lewis - Director

1.	STATUTORY INFORMATION

Bodenham Grain Storage 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1997, is being amortised evenly over its estimated useful life of twenty five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

15% on cost

Fixtures and fittings

-

20% on cost and 2% to 10% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair

value. The capital element of the future payments is treated as a liability and the interest is charged to the profit

and loss account on a straight line basis.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 5 ) .

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2019

and 30 June 2020

159,220

AMORTISATION

At 1 July 2019

140,014

Amortisation for year

6,368

At 30 June 2020

146,382

NET BOOK VALUE

At 30 June 2020

12,838

At 30 June 2019

19,206

6.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2019

1,183,632

Additions

96,390

Disposals

(119,000

)

At 30 June 2020

1,161,022

DEPRECIATION

At 1 July 2019

527,268

Charge for year

26,451

Eliminated on disposal

(17,850

)

At 30 June 2020

535,869

NET BOOK VALUE

At 30 June 2020

625,153

At 30 June 2019

656,364

7.	SECURED DEBTS

There is an unutilised facility of £100,000 from Barclays Bank secured on the freehold property.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

6,614

Ordinary

£70

462,980

462,980