Bloxwich Transport & Container Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05914712 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

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:

Baldwins (Evesham) Limited

93 High Street

Evesham

Worcestershire

WR11 4DU

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

148,697

130,312

148,697

130,312

CURRENT ASSETS

Stocks

382,911

465,389

Debtors

95,251

167,328

Cash at bank and in hand

104,157

61,544

582,319

694,261

CREDITORS

Amounts falling due within one year

4

198,712

253,558

NET CURRENT ASSETS

383,607

440,703

TOTAL ASSETS LESS CURRENT LIABILITIES

532,304

571,015

CREDITORS

Amounts falling due after more than one year

4

-

(5,041

)

PROVISIONS FOR LIABILITIES

(26,754

)

(22,645

)

NET ASSETS

505,550

543,329

CAPITAL AND RESERVES

Called up share capital

5

50,000

50,000

Profit and loss account

455,550

493,329

SHAREHOLDERS' FUNDS

505,550

543,329

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 30 June 2017 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 2015

and 31 October 2016

49,998

AMORTISATION

At 1 November 2015

and 31 October 2016

49,998

NET BOOK VALUE

At 31 October 2016

-

At 31 October 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

267,676

Additions

48,085

At 31 October 2016

315,761

DEPRECIATION

At 1 November 2015

137,364

Charge for year

29,700

At 31 October 2016

167,064

NET BOOK VALUE

At 31 October 2016

148,697

At 31 October 2015

130,312

4.

CREDITORS

Creditors include an amount of £ 5,041 (2015 - £ 11,755 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

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 £83,686 and withdrew funds amounting to £81,483. At

the year end M Hadden and Mrs J Hadden were owed £5,008 by the company (2015:£2,805).The maximum amount

overdrawn during the year was £30,699. Interest was charged at 3%.