Beili Glas Cyf - Accounts to registrar - small 17.2

Beili Glas Cyf - Accounts to registrar - small 17.2

BEILI GLAS CYF - Company Information

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REGISTERED NUMBER: 04823147 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Beili Glas Cyf

Beili Glas Cyf (Registered number: 04823147)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Beili Glas Cyf

Company Information
for the Year Ended 31 December 2016







DIRECTOR: C P L Jones





SECRETARY: Mrs M Jones





REGISTERED OFFICE: The Old School
The Quay
Carmarthen
Carmarthenshire
SA31 3JP





REGISTERED NUMBER: 04823147 (England and Wales)
Page 1
Beili Glas Cyf (Registered number: 04823147)

Abridged Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 94,463 108,709
94,463 108,709

CURRENT ASSETS
Stocks 82,865 80,515
Debtors 15,895 14,045
Cash at bank 7,921 12,251
106,681 106,811
CREDITORS
Amounts falling due within one year 148,150 150,736
NET CURRENT LIABILITIES (41,469 ) (43,925 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
52,994
64,784

CREDITORS
Amounts falling due after more than one year 12,378 23,637
NET ASSETS 40,616 41,147

CAPITAL AND RESERVES
Called up share capital 580 580
Retained earnings 40,036 40,567
SHAREHOLDERS' FUNDS 40,616 41,147

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
Beili Glas Cyf (Registered number: 04823147)

Abridged Balance Sheet - continued
31 December 2016


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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 27 September 2017 and were signed by:





C P L Jones - Director


The notes form part of these financial statements

Page 3
Beili Glas Cyf (Registered number: 04823147)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Beili Glas Cyf is a private company, limited by shares , registered in England and Wales. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less
any accumulated amortisation and any accumulated impairment losses.

SF Entitlements are being amortised evenly over their estimated useful life of nil years.

Quota are being amortised evenly over their estimated useful life of nil years.

Sfp entitlement
The Single Farm Entitlements are being amortised over 4 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 - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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 profit or loss over the relevant period. The capital element of
the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

Page 4 continued...
Beili Glas Cyf (Registered number: 04823147)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2016
and 31 December 2016 36,090
AMORTISATION
At 1 January 2016
and 31 December 2016 36,090
NET BOOK VALUE

At 31 December 2016 -
At 31 December 2015 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2016 182,350
Additions 250
Disposals (215 )
At 31 December 2016 182,385
DEPRECIATION
At 1 January 2016 73,641
Charge for year 14,408
Eliminated on disposal (127 )
At 31 December 2016 87,922
NET BOOK VALUE
At 31 December 2016 94,463
At 31 December 2015 108,709

Page 5 continued...
Beili Glas Cyf (Registered number: 04823147)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2016 66,150
Transfer to ownership (31,150 )
At 31 December 2016 35,000
DEPRECIATION
At 1 January 2016 25,541
Charge for year 5,600
Transfer to ownership (18,541 )
At 31 December 2016 12,600
NET BOOK VALUE
At 31 December 2016 22,400
At 31 December 2015 40,609

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2016 and
31 December 2015:

31.12.16 31.12.15
£    £   
C P L Jones
Balance outstanding at start of year (122,413 ) (70,113 )
Amounts advanced 68,776 36,057
Amounts repaid (61,871 ) (88,357 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (115,508 ) (122,413 )

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 (2015 - £30,000) were paid to the director .

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C P L Jones.

Page 6