Brandon Forge Limited - Accounts to registrar - small 17.2

BRANDON FORGE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Mackie

Mrs R Mackie

REGISTERED OFFICE:

Brandon Forge Cottage

Brandon Crescent

Shadwell

Leeds

West Yorkshire

LS17 9JH

REGISTERED NUMBER:

07877311

ACCOUNTANTS:

Wilkinson and Partners

Chartered Accountants

Fairfax House

6a Mill Field Road

Cottingley Business Park

Bradford

West Yorkshire

BD16 1PY

FIXED ASSETS

Tangible assets

4

5,172

5,327

CURRENT ASSETS

Debtors

5

1,603

1,083

Cash at bank

3,557

9,117

5,160

10,200

CREDITORS

Amounts falling due within one year

6

8,941

13,690

NET CURRENT LIABILITIES

(3,781

)

(3,490

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,391

1,837

PROVISIONS FOR LIABILITIES

1,034

1,065

NET ASSETS

357

772

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

355

770

SHAREHOLDERS' FUNDS

357

772

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 August 2017 and were signed on its behalf by:

Mrs R Mackie - Director

1.	STATUTORY INFORMATION

Brandon Forge Limited is a private company, limited by shares , registered in Not specified/Other. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been

enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Directors report

In accordance with Section 444 of the Companies Act 2006, the Directors Report has not been delivered.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2016

415

11,602

667

12,684

Additions

1,400

-

-

1,400

At 31 March 2017

1,815

11,602

667

14,084

DEPRECIATION

At 1 April 2016

198

6,539

620

7,357

Charge for year

243

1,266

46

1,555

At 31 March 2017

441

7,805

666

8,912

NET BOOK VALUE

At 31 March 2017

1,374

3,797

1

5,172

At 31 March 2016

217

5,063

47

5,327

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other debtors

1,603

1,083

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Tax

5,178

6,846

Social security and other taxes

82

164

Directors' current accounts

2,181

5,222

Accrued expenses

1,500

1,458

8,941

13,690

The directors loan account is interest free and repayable on demand.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

2

Ordinary

1.00

2

2

8.	ULTIMATE CONTROLLING PARTY

The directors control the company by virtue of their share holdings.