Beta Engineering (Stotfold) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01275247 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

Beta Engineering (Stotfold) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J B Cherry

Mrs J Cherry

SECRETARY:

Mrs J Cherry

REGISTERED OFFICE:

Taylors Road

Stotfold

Hitchin

Hertfordshire

SG5 4AX

REGISTERED NUMBER:

01275247 (England and Wales)

ACCOUNTANTS:

Godfrey Laws & Co Limited

69 Knowl Piece

Wilbury Way

Hitchin

Hertfordshire

SG4 0TY

FIXED ASSETS

Tangible assets

2

262,198

267,979

Investments

3

446,002

708,200

713,981

CURRENT ASSETS

Debtors

4

1,544,592

1,507,788

Prepayments and accrued income

75,000

Cash at bank and in hand

13,988

11,279

1,633,580

1,594,067

CREDITORS

Amounts falling due within one year

509,347

448,532

NET CURRENT ASSETS

1,124,233

1,145,535

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,832,433

1,859,516

PROVISIONS FOR LIABILITIES

2,763

3,663

NET ASSETS

1,829,670

1,855,853

CAPITAL AND RESERVES

Called up share capital

5

600

Capital redemption reserve

400

Profit and loss account

1,828,670

1,854,853

SHAREHOLDERS' FUNDS

1,829,670

1,855,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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 28 March 2017 and were signed on its behalf by:

J B Cherry - 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).

Preparation of consolidated financial statements

The financial statements contain information about Beta Engineering (Stotfold) Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The company has taken

the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of goods, 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.

Land and buildings

-

5% on cost

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

376,986

Additions

366

At 30 June 2016

377,352

DEPRECIATION

At 1 July 2015

109,007

Charge for year

6,147

At 30 June 2016

115,154

NET BOOK VALUE

At 30 June 2016

262,198

At 30 June 2015

267,979

3.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

30.6.16

30.6.15

£

Bonding Techniques

225,000

Kingswoodbury Ltd

2

Stotfold Plating

221,000

446,002

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Kingswoodbury Limited

Nature of business: farming

%

Class of shares:

holding

Ordinary

100.00

30.6.16

30.6.15

£

Aggregate capital and reserves

236,493

244,647

Loss for the year

(8,409

)

(14,827

)

Bonding Techniques (Stotfold) Limited

Nature of business: manufacture of laminated products

%

Class of shares:

holding

Ordinary

49.90

30.6.16

30.6.15

£

Aggregate capital and reserves

(223,053

)

(61,766

)

Loss for the year

(174,503

)

(117,457

)

This company has been treated as a subsidiary, as control is gained through the Director of Beta Engineering

(Stotfold) Limited, who owns the remaining 50.10% of the shares in the company.

Stotfold Plating Co. Limited

Nature of business: plating works

%

Class of shares:

holding

Ordinary

49.00

30.6.16

30.6.15

£

Aggregate capital and reserves

687,086

649,779

Profit for the year

46,633

96,941

This company has been treated as a subsidiary, as control is gained through the Director of Beta Engineering

(Stotfold) Limited, who owns the remaining 51.00% of the shares in the company.

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 1,461,303 (30.6.15 - £ 1,451,303 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

600

Ordinary

£1

600

6.	RELATED PARTY DISCLOSURES

The company has charged rent, services and management charges to, and recovered shared overheads from, the

following companies in which J B Cherry holds the ultimate controlling interest, as follows:

2016

2015

£

Bonding Techniques (Stotfold) Ltd

8,281

9,394

Kingswoodbury Ltd

16,485

16,100

Stotfold Plating Co. Ltd

149,710

147,668

and incurred costs with the following entities for services, goods and interest amounting to:

2016

2015

£

Stotfold Plating Co. Ltd

200

At the year end the following amounts were due from and (to) J B Cherry and the companies referred to above:

2016

2015

£

J B Cherry

(119

)

(819

)

Bonding Techniques (Stotfold) Ltd

65,359

35,359

Stotfold Plating Co. Ltd

(484,505

)

(424,505

)

Kingswoodbury Ltd

1,461,303

1,451,303