B&D Logistics Ltd
B&D Logistics Ltd
Registered number: 10075543
Unaudited Financial Statements
For the Period 21 March 2016 to 31 March 2017
H.J. Hedges-Quinn & Co Ltd
ACCA
The Old Astra Cinema
The Street
Great Bricett
Suffolk
IP7 7DN
B&D Logistics Ltd
Unaudited Financial Statements
For the Period 21 March 2016 to 31 March 2017
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Statement of Changes in Equity | 3 |
Notes to the Financial Statements | 4—8 |
B&D Logistics Ltd
Balance Sheet
As at
31 March 2017
Balance Sheet
Registered number:
10075543
For the period ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Period to 31 March 2017 | |||
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Notes | £ | £ | |
FIXED ASSETS | |||
Tangible Assets | 7 |
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CURRENT ASSETS | |||
Debtors | 8 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 9 |
( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 10 |
( |
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PROVISIONS FOR LIABILITIES | |||
Deferred Taxation | 11 |
( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||
Called up share capital | 12 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS | 1,020 | ||
Page 1
B&D Logistics Ltd
Balance Sheet (continued)
As at
31 March 2017
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
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The notes on pages 4 to 8 form part of these financial statements.
Page 2
B&D Logistics Ltd
Statement of Changes in Equity
For the Period 21 March 2016 to 31 March 2017
Statement of Changes in Equity
Share Capital | Profit & Loss Account | Total | |
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£ | £ | £ | |
Profit for the period and total comprehensive income | - |
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22,020 |
Dividends paid | - | (22,000) | (22,000) |
Arising on shares issued during the period |
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- | 1,000 |
As at |
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1,020 |
Page 3
B&D Logistics Ltd
Notes to the Unaudited Accounts
For the Period 21 March 2016 to 31 March 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles |
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Computer Equipment |
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1.4.
Deferred Taxation
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 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 the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
1.5.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3.
Staff Costs
Staff costs, including directors' remuneration, were as follows:
Period to 31 March 2017 | |
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£ | |
Wages and salaries |
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4.
Average number of employees
Average number of employees, including directors, during the year was as follows:
Period to 31 March 2017 | |
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Sales, marketing and distribution |
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Page 4
B&D Logistics Ltd
Notes to the Unaudited Accounts (continued)
For the Period 21 March 2016 to 31 March 2017
5.
Interest Payable
Period to 31 March 2017 | |
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£ | |
Bank loans and overdrafts |
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Other finance charges |
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7.
Tangible Assets
Motor Vehicles | Computer Equipment | Total | |
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£ | £ | £ | |
Cost | |||
As at |
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Additions |
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As at |
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Depreciation | |||
As at |
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Provided during the period |
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As at |
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Net Book Value | |||
As at |
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As at |
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8.
Debtors
Period to 31 March 2017 | |
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£ | |
Due within one year | |
Trade debtors |
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Directors' loan accounts | 3,597 |
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Page 5
B&D Logistics Ltd
Notes to the Unaudited Accounts (continued)
For the Period 21 March 2016 to 31 March 2017
9.
Creditors: Amounts Falling Due Within One Year
Period to 31 March 2017 | |
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£ | |
Trade creditors |
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Bank loans and overdrafts |
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Corporation tax |
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Other taxes and social security |
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VAT |
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Accruals and deferred income |
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10.
Creditors: Amounts Falling Due After More Than One Year
Period to 31 March 2017 | |
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£ | |
Bank loans |
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Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
Period to 31 March 2017 | |
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£ | |
Bank loans and overdrafts | 3,125 |
11.
Deferred Taxation
Period to 31 March 2017 | |
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£ | |
Deferred taxation |
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Deferred tax |
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The provision for deferred taxation is made up of accelerated capital allowances
Page 6
B&D Logistics Ltd
Notes to the Unaudited Accounts (continued)
For the Period 21 March 2016 to 31 March 2017
13.
Transactions With and Loans to Directors
The director Mr D Smith has secured the bank loan.
Included within Debtors are the following loans to directors:
As at |
Amounts advanced | Amounts repaid | As at |
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£ | £ | £ | £ | |
Mr Benjamin Bemrose |
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Mr Darren Smith |
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The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
Period to 31 March 2017 | |
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£ | |
Mr Benjamin Bemrose | 11,000 |
Mr Darren Smith | 11,000 |
14.
Dividends
Period to 31 March 2017 | |
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£ | |
On equity shares: | |
Final dividend paid |
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22,000 | |
Page 7
B&D Logistics Ltd
Notes to the Unaudited Accounts (continued)
For the Period 21 March 2016 to 31 March 2017
15.
Ultimate Controlling Party
The company's ultimate controlling party is Mr B Bemrose and Mr D Smith by virtue of his ownership of 100% of the issued share capital in the company.
16.
General Information
B&D Logistics Ltd Registered number 10075543 is a limited by shares company incorporated in England & Wales. The Registered Office is Jubilee Bungalow, Grove Hill, Belstead, Ipswich, Suffolk, IP8 3LU.
Page 8