Brockfield Trading Company Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03090106 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

BROCKFIELD TRADING COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Miss E S Lucas

Mrs J A Pinn

SECRETARY:

Miss E S Lucas

REGISTERED OFFICE:

Eddystone Garage

51G Barkham Road

Wokingham

Berkshire

RG41 2RG

REGISTERED NUMBER:

03090106 (England and Wales)

ACCOUNTANTS:

John A Hyde & Co

Hyde House

19 Station Road

Addlestone

Surrey

KT15 2AL

FIXED ASSETS

Tangible assets

2

1,176,584

1,422,275

CURRENT ASSETS

Debtors

58,422

116,363

Cash at bank and in hand

279,435

145,321

337,857

261,684

CREDITORS

Amounts falling due within one year

197,468

136,467

NET CURRENT ASSETS

140,389

125,217

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,316,973

1,547,492

CAPITAL AND RESERVES

Called up share capital

3

100,000

Share premium

499,257

Profit and loss account

717,716

948,235

SHAREHOLDERS' FUNDS

1,316,973

1,547,492

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 27 June 2017 and were signed on its behalf by:

Mrs J A Pinn - Director

Miss E S Lucas - 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 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

Deferred tax

The charge for taxation takes into account taxation deferred as a result of timing differences between the

treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in

respect of all timing differences that have originated but not reversed at the balance sheet date. However,

deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that

there will be suitable taxable profits from which future reversal of the underlying timing differences can be

deducted. In accordance with FRS 19, deferred taxation is measured on a non-discounted basis at the tax rates

that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted

or substantively enacted 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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

3,158,663

Additions

148,697

Disposals

(366,245

)

At 30 September 2016

2,941,115

DEPRECIATION

At 1 October 2015

1,736,388

Charge for year

257,098

Eliminated on disposal

(228,955

)

At 30 September 2016

1,764,531

NET BOOK VALUE

At 30 September 2016

1,176,584

At 30 September 2015

1,422,275

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

100,000

Ordinary

£1

100,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2016 and

30 September 2015:

30.9.16

30.9.15

£

P Pinn

Balance outstanding at start of year

230

232

Amounts advanced

99,321

-

Amounts repaid

(99,551

)

(167,802

)

Balance outstanding at end of year

-

230

Mrs J A Pinn

Balance outstanding at start of year

-

Amounts advanced

362,500

-

Amounts repaid

(243,393

)

-

Balance outstanding at end of year

119,107

-