B. D. Engineering Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06203620 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2021

FOR

B. D. ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A R Puttock

Mrs S R Puttock

REGISTERED OFFICE:

Unit H1, Newington Industrial Estate

London Road

Newington

Nr Sittingbourne

Kent

ME9 7NU

REGISTERED NUMBER:

06203620 (England and Wales)

ACCOUNTANTS:

Stephen Hill Partnership Limited

139-141 Watling Street

Gillingham

Kent

ME7 2YY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

25,262

115

25,262

115

CURRENT ASSETS

Stocks

1,172

988

Debtors

6

4,360

99

Cash at bank and in hand

22,361

16,729

27,893

17,816

CREDITORS

Amounts falling due within one year

7

14,201

15,445

NET CURRENT ASSETS

13,692

2,371

TOTAL ASSETS LESS CURRENT LIABILITIES

38,954

2,486

PROVISIONS FOR LIABILITIES

4,800

22

NET ASSETS

34,154

2,464

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

34,152

2,462

SHAREHOLDERS' FUNDS

34,154

2,464

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2021 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 22nd October 2021 and were signed on its behalf by:

Mr A R Puttock - Director

1.	STATUTORY INFORMATION

B. D. Engineering 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.	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 and value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten 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 each asset over its estimated useful life.

Tools and equipment

-

20% on cost

Computer equipment

-

33% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.

Government grants

Government grants received in support of the cononavirus pandemic are recognized only when there is a reasonable assurance that the entity will comply with any conditions attached to the grant and that the grant will be received.

The grant is recognised as income over the period necessary to match them with the related costs, for which they are intended to compensate.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only enters into financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

Creditors

Short term creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st May 2020

and 30th April 2021

49,000

AMORTISATION

At 1st May 2020

and 30th April 2021

49,000

NET BOOK VALUE

At 30th April 2021

-

At 30th April 2020

-

5.	TANGIBLE FIXED ASSETS

Tools and

Computer

equipment

equipment

Totals

£

£

£

COST

At 1st May 2020

10,587

2,024

12,611

Additions

31,572

-

31,572

Disposals

(1,000

)

-

(1,000

)

At 30th April 2021

41,159

2,024

43,183

DEPRECIATION

At 1st May 2020

10,587

1,909

12,496

Charge for year

6,314

111

6,425

Eliminated on disposal

(1,000

)

-

(1,000

)

At 30th April 2021

15,901

2,020

17,921

NET BOOK VALUE

At 30th April 2021

25,258

4

25,262

At 30th April 2020

-

115

115

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Trade debtors

528

99

VAT

3,832

-

4,360

99

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Trade creditors

1,186

2,689

Social security and other taxes

9,011

9,038

Other creditors

2,082

2,109

Directors' current account

572

259

Accrued expenses

1,350

1,350

14,201

15,445