Bottled Lightning Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04749435 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

Bottled Lightning Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C L Brown

Mrs T J Brown

SECRETARY:

Mrs T J Brown

REGISTERED OFFICE:

11 Batts Park

Taunton

Somerset

TA1 4RE

REGISTERED NUMBER:

04749435 (England and Wales)

ACCOUNTANTS:

Read & Co.

107 North Street

Martock

Somerset

TA12 6EJ

FIXED ASSETS

Intangible assets

4

5,201

6,068

Tangible assets

5

637

389

5,838

6,457

CURRENT ASSETS

Debtors

6

15,265

13,026

Cash at bank

52,606

27,084

67,871

40,110

CREDITORS

Amounts falling due within one year

7

30,198

32,017

NET CURRENT ASSETS

37,673

8,093

TOTAL ASSETS LESS CURRENT LIABILITIES

43,511

14,550

PROVISIONS FOR LIABILITIES

8

121

77

NET ASSETS

43,390

14,473

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

10

43,388

14,471

SHAREHOLDERS' FUNDS

43,390

14,473

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 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 November 2017 and were signed on its behalf by:

Mr C L Brown - Director

1.	STATUTORY INFORMATION

Bottled Lightning Limited 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 2014, is being amortised evenly over its estimated useful life of ten 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

-

33% on cost and 25% 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2016

and 30 April 2017

8,669

AMORTISATION

At 1 May 2016

2,601

Charge for year

867

At 30 April 2017

3,468

NET BOOK VALUE

At 30 April 2017

5,201

At 30 April 2016

6,068

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2016

8,220

Additions

608

At 30 April 2017

8,828

DEPRECIATION

At 1 May 2016

7,831

Charge for year

360

At 30 April 2017

8,191

NET BOOK VALUE

At 30 April 2017

637

At 30 April 2016

389

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

14,580

12,953

Other debtors

685

73

15,265

13,026

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Taxation and social security

27,669

18,242

Other creditors

2,529

13,775

30,198

32,017

8.	PROVISIONS FOR LIABILITIES

30.4.17

30.4.16

£

£

Deferred tax

121

77

Deferred

tax

£

Balance at 1 May 2016

77

Charge to Income Statement during year

44

Accelerated capital allowances

Balance at 30 April 2017

121

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.17

30.4.16

value:

£

£

2

Ordinary

£1

2

2

10.

RESERVES

Retained

earnings

£

At 1 May 2016

14,471

Profit for the year

80,917

Dividends

(52,000

)

At 30 April 2017

43,388

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £52,000 (2016 - £26,000) were paid to the directors .

Mr C L Brown & Mrs T J Brown

Directors

The company operates a current account with the directors and the activity during the year was as follows:

30.04.17 30.04.16

£ £

Amount owed to directors at end of year 1,746 13,040

Amount owed to directors at start of year 13,040 5,990

The amount owed to the directors is interest free and repayable on demand.

12.	ULTIMATE CONTROLLING PARTY

The company is controlled jointly by the directors who together own 100% of the share capital.