Brookside Engineering Ltd - Accounts to registrar - small 17.1

REGISTERED NUMBER: 07594663 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

Brookside Engineering Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M B Haycocks

REGISTERED OFFICE:

32J Heming Road

Washford Industrial Estate

Redditch

Worcestershire

B98 0DH

REGISTERED NUMBER:

07594663 (England and Wales)

ACCOUNTANTS:

Brotherton & Co

Abbeydale House

166 Easemore Road

Riverside

Redditch

Worcestershire

B98 8HE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

22,495

26,618

22,495

26,618

CURRENT ASSETS

Debtors

6

17,778

19,812

Cash at bank and in hand

4,189

11,568

21,967

31,380

CREDITORS

Amounts falling due within one year

7

26,549

27,161

NET CURRENT (LIABILITIES)/ASSETS

(4,582

)

4,219

TOTAL ASSETS LESS CURRENT LIABILITIES

17,913

30,837

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

17,912

30,836

SHAREHOLDERS' FUNDS

17,913

30,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 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 director on 6 October 2017 and were signed by:

M B Haycocks - Director

1.	STATUTORY INFORMATION

Brookside Engineering Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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 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.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2016

and 30 April 2017

10,000

AMORTISATION

At 1 May 2016

and 30 April 2017

10,000

NET BOOK VALUE

At 30 April 2017

-

At 30 April 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2016

and 30 April 2017

50,953

DEPRECIATION

At 1 May 2016

24,335

Charge for year

4,123

At 30 April 2017

28,458

NET BOOK VALUE

At 30 April 2017

22,495

At 30 April 2016

26,618

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

17,778

18,950

Prepayments

-

862

17,778

19,812

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Tax

6,267

9,112

Social security and other taxes

304

260

VAT

3,135

3,127

Other creditors

1,559

1,504

Directors' current accounts

14,754

12,628

Accrued expenses

530

530

26,549

27,161

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.17

30.4.16

value:

£

£

1

ordinary

1

1

1

9.

RESERVES

Retained

earnings

£

At 1 May 2016

30,836

Profit for the year

21,076

Dividends

(34,000

)

At 30 April 2017

17,912