BPP Cables Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07340211 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

BPP Cables Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E S Brown

D Patel

Dr. D T Brown

H W M Linssen

Professor M H Patel

REGISTERED OFFICE:

Broom House

39/43 London Road

Hadleigh, Benfleet

Essex

SS7 2QL

REGISTERED NUMBER:

07340211 (England and Wales)

FIXED ASSETS

Tangible assets

4

11,957

11,957

CURRENT ASSETS

Stocks

387,200

253,735

Debtors

5

2,178,037

1,876,513

Prepayments and accrued income

70,000

126,638

Cash at bank and in hand

1,517,982

1,659,630

4,153,219

3,916,516

CREDITORS

Amounts falling due within one year

6

258,434

331,318

NET CURRENT ASSETS

3,894,785

3,585,198

TOTAL ASSETS LESS CURRENT LIABILITIES

3,906,742

3,597,155

CAPITAL AND RESERVES

Called up share capital

142,858

142,858

Share premium

2,957,202

2,957,202

Retained earnings

806,682

497,095

3,906,742

3,597,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 4 December 2017 and were signed on its behalf by:

Professor M Patel - Director

1.	STATUTORY INFORMATION

BPP Cables 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.

Tangible fixed assets

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

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 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 5 .

4.	TANGIBLE FIXED ASSETS

Short

leasehold

£

COST

At 1 April 2016

and 31 March 2017

11,957

NET BOOK VALUE

At 31 March 2017

11,957

At 31 March 2016

11,957

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

2,122,493

1,811,878

Other debtors

51,231

51,231

VAT

4,313

13,404

2,178,037

1,876,513

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

246,357

319,572

Social security and other taxes

6,431

7,746

Pension fund

1,646

-

Accrued expenses

4,000

4,000

258,434

331,318