W.J. Brickwork Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05630976 (England and Wales)

W.J. BRICKWORK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

Mrs J Jennings

REGISTERED OFFICE:

1 Primrose Hollow

Louth

Lincolnshire

LN11 9JB

REGISTERED NUMBER:

05630976 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

15 Chequergate

Louth

Lincolnshire

LN11 0LJ

FIXED ASSETS

Tangible assets

4

651

3,764

CURRENT ASSETS

Debtors

5

36,845

5,720

Cash at bank

4

20,132

36,849

25,852

CREDITORS

Amounts falling due within one year

6

60,552

11,481

NET CURRENT (LIABILITIES)/ASSETS

(23,703

)

14,371

TOTAL ASSETS LESS CURRENT LIABILITIES

(23,052

)

18,135

PROVISIONS FOR LIABILITIES

-

715

NET (LIABILITIES)/ASSETS

(23,052

)

17,420

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

(23,054

)

17,418

SHAREHOLDERS' FUNDS

(23,052

)

17,420

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 30 March 2021 and were signed by:

Mrs J Jennings - Director

1.	STATUTORY INFORMATION

W.J. Brickwork 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

-

20% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern

Despite negative shareholder funds, the director considers the going concern basis to be appropriate since she will not demand full repayment of her current account balance until the company is in a position to repay the balance without affecting its ability to trade.

Amounts to be billed to clients

Services provided to clients during the year, which at the balance sheet date have not been billed to clients, have been recognised as turnover based on an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. Provision is made against unbilled amounts on those engagements where the right to receive payment is contingent on factors outside the control of the company. Unbilled revenue is included in debtors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

20,864

Additions

532

At 31 March 2020

21,396

DEPRECIATION

At 1 April 2019

17,100

Charge for year

3,645

At 31 March 2020

20,745

NET BOOK VALUE

At 31 March 2020

651

At 31 March 2019

3,764

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

-

1,271

Other debtors

36,845

4,449

36,845

5,720

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

6,108

-

Trade creditors

553

-

Taxation and social security

6,441

11,481

Other creditors

47,450

-

60,552

11,481

7.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Bank overdraft

6,108

-

The bank overdraft is secured on the assets of the company.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

2

ordinary

£1

2

2