B & B Precision Engineering (Huddersfield) Limited Filleted accounts for Companies House (small and micro)
B & B Precision Engineering (Huddersfield) Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
03639121
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FINANCIAL STATEMENTS |
YEAR ENDED 31 JULY 2020
Contents |
Pages |
Balance sheet
1 to 2
Notes to the financial statements
3 to 8
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BALANCE SHEET |
2020 |
2019 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
6 |
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Current assets
Stocks |
7 |
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Debtors |
8 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
9 |
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(
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
10 |
(
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Provisions
Taxation including deferred tax |
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Net assets |
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Capital and reserves
Called up share capital |
13 |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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BALANCE SHEET (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
28 April 2021
, and are signed on behalf of the board by:
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Director |
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Company registration number:
03639121
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 JULY 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 3a, Dearne Park Estate, Park Mill Way, Clayton West, Huddersfield, HD8 9XJ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Taxation
Foreign currencies
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property |
- |
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Plant and machinery |
- |
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Motor vehicles |
- |
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Computer equipment |
- |
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Impairment of fixed assets
Stocks
Finance leases and hire purchase contracts
Government grants
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
23
(2019:
19
).
5.
Intangible assets
Goodwill |
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£ |
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Cost |
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At 1 August 2019 and 31 July 2020 |
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Amortisation |
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At 1 August 2019 and 31 July 2020 |
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Carrying amount |
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At 31 July 2020 |
– |
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At 31 July 2019 |
– |
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6.
Tangible assets
Freehold property |
Plant and machinery |
Motor vehicles |
Computer equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 August 2019 |
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Additions |
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– |
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At 31 July 2020 |
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Depreciation |
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At 1 August 2019 |
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Charge for the year |
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At 31 July 2020 |
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Carrying amount |
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At 31 July 2020 |
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At 31 July 2019 |
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7.
Stocks
2020 |
2019 |
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£ |
£ |
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Raw materials and consumables |
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8.
Debtors
2020 |
2019 |
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£ |
£ |
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Trade debtors |
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Amounts owed by group undertakings |
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Prepayments and accrued income |
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9.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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Obligations under finance leases and hire purchase contracts |
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Director loan accounts |
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– |
Invoice finance facility |
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10.
Creditors:
amounts falling due after more than one year
2020 |
2019 |
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£ |
£ |
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Bank loans and overdrafts |
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Obligations under finance leases and hire purchase contracts |
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Accruals and deferred income |
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11.
Secured liabilities
The aggregate amount of secured liabilities at the year end totalled £328,994 (2019: £531,440).
12.
Deferred tax
The deferred tax included in the balance sheet is as follows:
2020 |
2019 |
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£ |
£ |
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Included in provisions |
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The deferred tax account consists of the tax effect of timing differences in respect of:
2020 |
2019 |
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£ |
£ |
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Accelerated capital allowances |
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13.
Called up share capital
Issued, called up and fully paid
2020 |
2019 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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14.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2020 |
2019 |
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£ |
£ |
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Later than 5 years |
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15.
Related party transactions
Control of the company The company is a wholly owned subsidiary of S Haigh & Sons Engineering Limited. This company is controlled by
S D Haigh
and Mrs R D Haigh.