Bloxwich Transport & Container Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 05914712 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

BLOXWICH TRANSPORT & CONTAINER PRODUCTS

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M J Hadden

Mrs J M Hadden

SECRETARY:

M W J Hadden

REGISTERED OFFICE:

37 Greenhill

Evesham

Worcestershire

WR11 4LX

REGISTERED NUMBER:

05914712 (England and Wales)

ACCOUNTANTS:

Allchurch Bailey Limited

Chartered Accountants and Statutory Auditor

Almswood House

93 High Street

Evesham

Worcestershire

WR11 4DU

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

130,312

83,062

130,312

83,062

CURRENT ASSETS

Stocks

465,389

385,506

Debtors

167,328

267,549

Cash at bank and in hand

61,544

75,233

694,261

728,288

CREDITORS

Amounts falling due within one year

4

253,558

271,159

NET CURRENT ASSETS

440,703

457,129

TOTAL ASSETS LESS CURRENT LIABILITIES

571,015

540,191

CREDITORS

Amounts falling due after more than one year

4

(5,041

)

(5,866

)

PROVISIONS FOR LIABILITIES

(22,645

)

(14,686

)

NET ASSETS

543,329

519,639

CAPITAL AND RESERVES

Called up share capital

5

50,000

50,000

Profit and loss account

493,329

469,639

SHAREHOLDERS' FUNDS

543,329

519,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 July 2016 and were signed on its behalf by:

M J Hadden - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, has been amortised

evenly over its estimated useful life of five years.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on cost

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.

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 the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

49,998

AMORTISATION

At 1 November 2014

and 31 October 2015

49,998

NET BOOK VALUE

At 31 October 2015

-

At 31 October 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

192,875

Additions

74,801

At 31 October 2015

267,676

DEPRECIATION

At 1 November 2014

109,813

Charge for year

27,551

At 31 October 2015

137,364

NET BOOK VALUE

At 31 October 2015

130,312

At 31 October 2014

83,062

4.

CREDITORS

Creditors include an amount of £ 11,755 (2014 - £ 8,470 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

50,000

Ordinary

£1

50,000

50,000

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year Mr M Hadden and Mrs J Hadden introduced funds of £91,666 and withdrew funds amounting to

£91,520. At the year end M Hadden and Mrs J Hadden were owed £2,805 by the company (2014:£2,659).The

maximum amount overdrawn during the year was £42,878. Interest was charged at 3%.