| Biddy Engineering Limited |
| Registered number: |
08901654 |
| Balance Sheet |
| as at 28 February 2017 |
|
|
|
|
|
|
|
|
|
| Notes |
|
2017 |
|
2016 |
|
|
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
- |
|
|
36,000 |
| Investments |
4 |
|
|
2 |
|
|
2 |
|
|
|
|
2 |
|
|
36,002 |
|
| Current assets |
| Debtors |
5 |
|
3,349 |
|
|
52,062 |
| Cash at bank and in hand |
|
|
3,866 |
|
|
1,236 |
|
|
|
7,215 |
|
|
53,298 |
|
|
|
|
|
|
|
| Creditors: amounts falling due within one year |
6 |
|
(48,225) |
|
|
(68,400) |
|
| Net current liabilities |
|
|
|
(41,010) |
|
|
(15,102) |
|
| Total assets less current liabilities |
|
|
|
(41,008) |
|
|
20,900 |
|
|
| Provisions for liabilities |
|
|
|
- |
|
|
(1,338) |
|
| Net (liabilities)/assets |
|
|
|
(41,008) |
|
|
19,562 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
(41,010) |
|
|
19,560 |
|
| Shareholders' funds |
|
|
|
(41,008) |
|
|
19,562 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| M J Kenny-Long |
| Director |
| Approved by the board on 27 November 2017 |
|
| Biddy Engineering Limited |
| Notes to the Accounts |
| for the year ended 28 February 2017 |
|
|
|
|
|
|
|
|
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 (as applicable to small companies), The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned from the hire of equipment. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
10% reducing balance basis |
|
|
Investments |
|
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2017 |
|
2016 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 March 2016 |
57,138 |
|
Disposals |
(57,138) |
|
At 28 February 2017 |
- |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2016 |
21,138 |
|
On disposals |
(21,138) |
|
At 28 February 2017 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2017 |
- |
|
At 29 February 2016 |
36,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 March 2016 |
2 |
|
|
At 28 February 2017 |
2 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Amounts owed by group undertakings |
|
2,200 |
|
52,062 |
|
Corporation tax receivable |
1,149 |
|
- |
|
|
|
|
|
|
3,349 |
|
52,062 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Other taxes and social security costs |
5,530 |
|
900 |
|
Directors loans |
42,172 |
|
67,000 |
|
Accruals and deferred income |
523 |
|
500 |
|
|
|
|
|
|
48,225 |
|
68,400 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Controlling party |
|
|
The company is controlled by M J and Mrs T M Kenny-Long. |
|
|
| 8 |
Other information |
|
|
Biddy Engineering Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
The Lodge, Castle Bromwich Hall |
|
Chester Road |
|
Castle Bromwich |
|
West Midlands |
|
B36 9DE |
