Brockfield Trading Company Limited - Accounts to registrar (filleted) - small 23.1.2

BROCKFIELD TRADING COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 03090106

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

BROCKFIELD TRADING COMPANY LIMITED

Page

Company Information

Balance Sheet

Notes to the Financial Statements

DIRECTORS:

Mrs E S Lucas-Kirkwood

Mrs J A Pinn

SECRETARY:

Mrs E S Lucas-Kirkwood

REGISTERED OFFICE:

Eddystone Garage

51G Barkham Road

Wokingham

Berkshire

RG41 2RG

REGISTERED NUMBER:

03090106

ACCOUNTANTS:

John A Hyde & Co

Hyde House

19 Station Road

Addlestone

Surrey

KT15 2AL

FIXED ASSETS

Tangible assets

701,312

1,025,523

CURRENT ASSETS

Debtors

191,379

246,874

Cash at bank and in hand

45,784

60,994

237,163

307,868

CREDITORS

Amounts falling due within one year

292,814

275,317

NET CURRENT (LIABILITIES)/ASSETS

(55,651

)

32,551

TOTAL ASSETS LESS CURRENT
LIABILITIES

645,661

1,058,074

CAPITAL AND RESERVES

Called up share capital

100,000

Share premium

499,257

Retained earnings

46,404

458,817

SHAREHOLDERS' FUNDS

645,661

1,058,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 29 August 2023 and were signed on its behalf by:

Mrs E S Lucas-Kirkwood - Director

1.	STATUTORY INFORMATION

Brockfield Trading Company Limited is a private company, limited by shares , registered in Not specified/Other. 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 represents net invoiced sales, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

10% on reducing balance

Motor vehicles

at variable rates 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for directors. The assets of the scheme are held seperately from those of the company in an independently administered fund. Contributions payable for the year are charged in the profit and loss account.

The company also makes contributions into a stakeholder pension scheme for its staff members. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable for the year are charged in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2019 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Equipment

vehicles

Totals

COST

At 1 October 2019

51,634

2,649,691

2,701,325

Disposals

(878,144

)

(878,144

)

At 30 September 2020

51,634

1,771,547

1,823,181

DEPRECIATION

At 1 October 2019

43,717

1,632,085

1,675,802

Charge for year

792

85,921

86,713

Eliminated on disposal

(640,646

)

(640,646

)

At 30 September 2020

44,509

1,077,360

1,121,869

NET BOOK VALUE

At 30 September 2020

7,125

694,187

701,312

At 30 September 2019

7,917

1,017,606

1,025,523

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

Trade debtors

24,731

52,428

Other debtors

166,648

194,446

191,379

246,874

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

Trade creditors

89,537

98,530

Taxation and social security

167,751

61,428

Other creditors

35,526

115,359

292,814

275,317

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2020 and 30 September 2019:

30.9.20

30.9.19

Mrs E S Lucas-Kirkwood

Balance outstanding at start of year

Amounts advanced

340

Amounts repaid

Amounts written off

Amounts waived

Balance outstanding at end of year

340

Mrs J A Pinn

Balance outstanding at start of year

104,242

256,324

Amounts advanced

30,300

Amounts repaid

(101,173

)

(182,382

)

Amounts written off

Amounts waived

Balance outstanding at end of year

3,069

104,242

8.	RELATED PARTY DISCLOSURES

During the year, the company occupied premises owned by the Brockfield Pension Scheme. The rent paid was £50,000 (2019 - £50,000), which the directors consider to be a market rent.