BBL NE Limited - Accounts to registrar - small 17.2
BBL NE Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 January 2017 |
| for |
| BBL NE Limited |
| BBL NE Limited (Registered number: 05026670) |
| Contents of the Financial Statements |
| for the Year Ended 31 January 2017 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| BBL NE Limited |
| Company Information |
| for the Year Ended 31 January 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Stephenson House |
| Richard Street |
| Hetton-le-Hole |
| Tyne and Wear |
| DH5 9HW |
| BBL NE Limited (Registered number: 05026670) |
| Statement of Financial Position |
| 31 January 2017 |
| 31.1.17 | 31.1.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Revaluation reserve | 11 |
| Retained earnings | 11 |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| BBL NE Limited (Registered number: 05026670) |
| Notes to the Financial Statements |
| for the Year Ended 31 January 2017 |
| 1. | STATUTORY INFORMATION |
| BBL NE Limited is a |
| number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is |
| recognised in profit or loss. |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing |
| stocks to their present location and condition. |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of |
| financial position 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. |
| Transition |
| These financial statements for the year ended 31 January 2017 are the first financial statements that comply with FRS 102. |
| The date of transition is 1 February 2015. |
| The effects of the transition to FRS 102 are explained at pages 10 to 12. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| BBL NE Limited (Registered number: 05026670) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 February 2016 |
| Disposals | ( |
) |
| At 31 January 2017 |
| DEPRECIATION |
| At 1 February 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 January 2017 |
| NET BOOK VALUE |
| At 31 January 2017 |
| At 31 January 2016 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 February 2016 |
| and 31 January 2017 |
| NET BOOK VALUE |
| At 31 January 2017 |
| At 31 January 2016 |
| Cost or valuation at 31 January 2017 is represented by: |
| £ |
| Valuation in 2015 | 576,878 |
| Valuation in 2016 | (202,336 | ) |
| Cost | 375,458 |
| 750,000 |
| If the land and buildings had not been revalued they would have been included at the following historical cost: |
| 31.1.17 | 31.1.16 |
| £ | £ |
| Cost | 375,458 | 375,458 |
| The land and buildings were valued on an open market basis basis on 31 January 2017 by the Directors . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.17 | 31.1.16 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| BBL NE Limited (Registered number: 05026670) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2017 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.17 | 31.1.16 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.1.17 | 31.1.16 |
| £ | £ |
| Bank loans |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 158,442 | - |
| 9. | PROVISIONS FOR LIABILITIES |
| 31.1.17 | 31.1.16 |
| £ | £ |
| Deferred tax | 74,908 | 74,908 |
| Deferred |
| tax |
| £ |
| Balance at 1 February 2016 |
| Balance at 31 January 2017 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.1.17 | 31.1.16 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 11. | RESERVES |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 February 2016 | 438,588 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 31 January 2017 | 381,275 |
| 12. | RELATED PARTY DISCLOSURES |
| The company let one of its properties to Fitz Architects Limited, a company controlled by Mr C Fitzackerly at an annual |
| rental of £6,000. During the year the company recived rent of £6,000. |
| BBL NE Limited (Registered number: 05026670) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2017 |
| 13. | ULTIMATE CONTROLLING PARTY |
| During the two years ended 31st January 2016 the company was jointly controlled by the two directors C Fitzakerly and C |
| Mysleko by virtue of their combined controlling interest of 100% of the company's issued ordinary share capital in MYFI |
| Limited. |