East Anglian Brick Fabrications Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06026894 (England and Wales)

East Anglian Brick Fabrications Limited

Unaudited Financial Statements

For The Year Ended

31st December 2020

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Chartered Accountants' Report

8

DIRECTORS:

S Butler

J Bevan

REGISTERED OFFICE:

37 Wimbledon Avenue

Brandon

Suffolk

IP27 0NZ

REGISTERED NUMBER:

06026894 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

8 Hopper Way

Diss

Norfolk

IP22 4GT

FIXED ASSETS

Tangible assets

4

51,568

42,891

CURRENT ASSETS

Debtors

5

150,215

127,499

Cash at bank

218,525

214,107

368,740

341,606

CREDITORS

Amounts falling due within one year

6

139,499

104,835

NET CURRENT ASSETS

229,241

236,771

TOTAL ASSETS LESS CURRENT LIABILITIES

280,809

279,662

CREDITORS

Amounts falling due after more than one year

7

(23,267

)

(16,069

)

PROVISIONS FOR LIABILITIES

(6,519

)

(8,149

)

NET ASSETS

251,023

255,444

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

250,923

255,344

SHAREHOLDERS' FUNDS

251,023

255,444

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 15th September 2021 and were signed on its behalf by:

J Bevan - Director

1.	STATUTORY INFORMATION

East Anglian Brick Fabrications 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2019 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st January 2020

38,621

36,675

2,427

77,723

Additions

-

17,989

-

17,989

At 31st December 2020

38,621

54,664

2,427

95,712

DEPRECIATION

At 1st January 2020

22,821

10,758

1,253

34,832

Charge for year

3,160

5,918

234

9,312

At 31st December 2020

25,981

16,676

1,487

44,144

NET BOOK VALUE

At 31st December 2020

12,640

37,988

940

51,568

At 31st December 2019

15,800

25,917

1,174

42,891

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Motor

vehicles

£

COST

Additions

17,989

Reclassification/transfer

36,675

At 31st December 2020

54,664

DEPRECIATION

Charge for year

5,918

Reclassification/transfer

10,758

At 31st December 2020

16,676

NET BOOK VALUE

At 31st December 2020

37,988

5.

DEBTORS

2020

2019

£

£

Amounts falling due within one year:

Trade debtors

129,375

112,888

Other debtors

11,840

5,611

141,215

118,499

Amounts falling due after more than one year:

Other debtors

9,000

9,000

Aggregate amounts

150,215

127,499

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Hire purchase contracts and finance leases

9,094

5,587

Trade creditors

36,143

11,272

Taxation and social security

43,730

37,444

Other creditors

50,532

50,532

139,499

104,835

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Hire purchase contracts and finance leases

23,267

16,069

8.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Hire purchase contracts and finance leases

32,361

21,656

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

100

Ordinary

1

100

100

10.	RELATED PARTY DISCLOSURES

Included in other creditors is a balance of £49,157 (2019 - £49,157) owed to the directors, in respect of an interest free loan with no set repayment terms.

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 East Anglian Brick Fabrications Limited for the year ended 31st December 2020 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of East Anglian Brick Fabrications 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 East Anglian Brick Fabrications Limited and state those matters that we have agreed to state to the Board of Directors of East Anglian Brick Fabrications Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than East Anglian Brick Fabrications Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that East Anglian Brick Fabrications 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 East Anglian Brick Fabrications Limited. You consider that East Anglian Brick Fabrications 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 East Anglian Brick Fabrications 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.

Haines Watts

Chartered Accountants

8 Hopper Way

Diss

Norfolk

IP22 4GT

Date: .............................................