Beechdean Motorsport Limited - Accounts to registrar - small 17.2

Beechdean Motorsport Limited - Accounts to registrar - small 17.2

BEECHDEAN MOTORSPORT LIMITED - Company Information

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REGISTERED NUMBER: 04134387















BEECHDEAN MOTORSPORT LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016













BEECHDEAN MOTORSPORT LIMITED (REGISTERED NUMBER: 04134387)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BEECHDEAN MOTORSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: A J Howard
S H Howard





SECRETARY: S H Howard





REGISTERED OFFICE: Old House Farm
North Dean
High Wycombe
Buckinghamshire
HP14 4NL





REGISTERED NUMBER: 04134387
Page 1
BEECHDEAN MOTORSPORT LIMITED (REGISTERED NUMBER: 04134387)

BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £   
FIXED ASSETS
Tangible assets 4 886,832 1,035,519

CURRENT ASSETS
Stocks 346,350 205,875
Debtors 5 209,516 456,346
Cash at bank 127,152 34,442
683,018 696,663
CREDITORS
Amounts falling due within one year 6 (98,642 ) (305,267 )
NET CURRENT ASSETS 584,376 391,396
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,471,208
1,426,915

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,471,108 1,426,815
SHAREHOLDERS' FUNDS 1,471,208 1,426,915

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 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 28 September 2017 and were signed
on its behalf by:




S H Howard - Director


The notes form part of these financial statements

Page 2
BEECHDEAN MOTORSPORT LIMITED (REGISTERED NUMBER: 04134387)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016


1. STATUTORY INFORMATION

Beechdean Motorsport 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.

These financial statements for the year ended 31 December 2016 are the first financial statements
that comply with Section 1A "Small Entities" of Financial Reporting Standard 102. The company
transitioned from previously extant UK GAAP to FRS 102 as at 1 January 2015. An explanation of
how transition to FRS 102 Section 1A "Small Entities" has affected the reported financial position
and financial performance is given in the notes to the accounts.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax and
adjusted for accrued revenue calculated by reference to the fair value of services performed up to
the balance sheet date but not invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 100% Straight line, 50% Straight line and 20% Straight Line
Motor vehicles - 33% Straight line and 25% Straight line

Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the
current or past reporting periods using tax rates that have been enacted or substantively enacted by
the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax
losses and other deferred tax assets are recognised only to the extent that it is probable that they will
be recovered against future taxable profits or against the reversal of deferred tax liabilities.

Deferred tax is calculated using tax rates that have been enacted or substantively enacted by the
reporting date that are expected to apply to the reversal of the timing difference.

Page 3 continued...
BEECHDEAN MOTORSPORT LIMITED (REGISTERED NUMBER: 04134387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


2. ACCOUNTING POLICIES - continued

Debtors
Trade and other debtors are measured at transaction price less any impairment unless the
arrangement constitutes a financing transaction in which case the transaction is measured at the
present value of the future receipts discounted at the prevailing market rate of interest . Loans are
initially measured at fair value and are subsequently measured at amortised cost using the effective
interest method less any impairment.

Creditors
Trade and other creditors are measured at their transaction price unless the arrangement constitutes
a financing transaction in which case the transaction is measured at present value of future
payments discounted at prevailing market rate of interest. Other financial liabilities are initially
measured at fair value net of their transaction costs. They are subsequently measured at amortised
cost using the effective interest method.

Cash at bank
Cash at bank in the balance sheet comprise cash at banks and in hand and short term deposits with
an original maturity date of three months or less.

Employee Benefits
Short term employee benefits, other non-monetary benefits and contributions to defined contribution
plans are recognised as an expense in the period in which they are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2015 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2016 167,685 1,495,356 1,663,041
Additions 13,849 36,156 50,005
Disposals - (111,955 ) (111,955 )
At 31 December 2016 181,534 1,419,557 1,601,091
DEPRECIATION
At 1 January 2016 118,891 508,631 627,522
Charge for year 7,550 96,772 104,322
Eliminated on disposal - (17,585 ) (17,585 )
At 31 December 2016 126,441 587,818 714,259
NET BOOK VALUE
At 31 December 2016 55,093 831,739 886,832
At 31 December 2015 48,794 986,725 1,035,519

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BEECHDEAN MOTORSPORT LIMITED (REGISTERED NUMBER: 04134387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 16,399 662
Amounts owed by related companies 187,739 414,684
Other debtors 5,378 41,000
209,516 456,346

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 61,082 81,727
Taxation and social security 34,820 220,890
Other creditors 2,740 2,650
98,642 305,267

7. FIRST YEAR ADOPTION

The company has adopted FRS 102 for the first time in the year ended 31 December 2016. The
policies applied under the entity's previous accounting framework are not materially different to FRS
102 and have not impacted on the comparative period figures.


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