Bectel Materials Handling Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07720421 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 July 2021

for

Bectel Materials Handling Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

344

459

CURRENT ASSETS

Debtors

5

39,462

70,666

Cash at bank

-

361

39,462

71,027

CREDITORS

Amounts falling due within one year

6

75,379

57,940

NET CURRENT (LIABILITIES)/ASSETS

(35,917

)

13,087

TOTAL ASSETS LESS CURRENT LIABILITIES

(35,573

)

13,546

CREDITORS

Amounts falling due after more than one year

7

12,769

10,000

NET (LIABILITIES)/ASSETS

(48,342

)

3,546

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(48,344

)

3,544

SHAREHOLDERS' FUNDS

(48,342

)

3,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 2021 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 July 2022 and were signed by:

Ms R A Gibson - Director

1.	STATUTORY INFORMATION

Bectel Materials Handling Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07720421

Registered office:

Ebenezer House

Ryecroft

Newcastle

Staffordshire

ST5 2BE

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.

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, given the impact of the Coronavirus upon the economy and therefore the financial statements have been prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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.

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, given the impact of the Coronavirus upon the economy and therefore the financial statements have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 31 July 2020

and 30 July 2021

650

440

1,090

DEPRECIATION

At 31 July 2020

376

255

631

Charge for year

69

46

115

At 30 July 2021

445

301

746

NET BOOK VALUE

At 30 July 2021

205

139

344

At 30 July 2020

274

185

459

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

13,094

35,216

Other debtors

26,368

35,450

39,462

70,666

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

74

-

Trade creditors

19,092

16,984

Taxation and social security

38,621

11,002

Other creditors

17,592

29,954

75,379

57,940

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Other creditors

12,769

10,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Factoring company

1,463

23,329

Amounts owed to the factoring company are secured on the assets and business of the company.