Bernard Righton & Sons Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00714423 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Bernard Righton & Sons Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

C P Righton

Mrs R Righton

SECRETARY:

C P Righton

REGISTERED OFFICE:

The Barn House

Ebrington

Chipping Campden

Gloucestershire

GL55 6LH

REGISTERED NUMBER:

00714423 (England and Wales)

ACCOUNTANTS:

Kenneth Morris Limited

1 Aston Court

Bromsgrove Technology Park

Bromsgrove

Worcestershire

B60 3AL

FIXED ASSETS

Tangible assets

4

14,469

15,414

Investments

5

2,074

16,543

17,488

CURRENT ASSETS

Stocks

22,464

16,208

Debtors

17,828

15,357

40,292

31,565

CREDITORS

Amounts falling due within one year

111,881

102,835

NET CURRENT LIABILITIES

(71,589

)

(71,270

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(55,046

)

(53,782

)

PROVISIONS FOR LIABILITIES

272

-

NET LIABILITIES

(55,318

)

(53,782

)

CAPITAL AND RESERVES

Called up share capital

4,002

Capital redemption reserve

29,591

Retained earnings

(88,911

)

(87,375

)

SHAREHOLDERS' FUNDS

(55,318

)

(53,782

)

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 15 December 2017 and were signed on its behalf
by:

Mrs R Righton - Director

1.	STATUTORY INFORMATION

Bernard Righton & Sons 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.

The company meets it day to day working capital requirements through an overdraft facility which is repayable

on demand. The company expects to operate within the currently agreed facility and within that expected to be

agreed in future, when the company's bankers are due to consider its renewal. These views are based on the

company's plans and on the successful outcome of discussions with the company's bankers

The director has pledged his continuing support to the company and has agreed not to withdraw his directors

loan account, currently £74,126 ,until the company has sufficient funds to do so without prejudicing any other

creditor.

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.

Improvements to property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Operating leases

The relevant annual rentals are charges to the profit and loss account on a straight line basis over the lease term,

unless they relate to vacant leasehold properties, in which case provision is made on a discounted basis for the

net obligation under the lease. The unwinding of the discount is disclosed within interest payable and similar

charges.

Investments

Listed investments are included at fair value. Investments in unlisted shares are included at historical cost.

Rental income

Rental income is accounted for on a straight-line basis over the lease term.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

48,327

DEPRECIATION

At 1 April 2016

32,913

Charge for year

945

At 31 March 2017

33,858

NET BOOK VALUE

At 31 March 2017

14,469

At 31 March 2016

15,414

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2016

and 31 March 2017

2,074

NET BOOK VALUE

At 31 March 2017

2,074

At 31 March 2016

2,074

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.17

31.3.16

£

Bank overdrafts

20,988

20,495

The bank overdraft is secured by a personal guarantee from the director, Mr C P Righton.

7.	CONTINGENT LIABILITIES

There were no material contingent liabilities at the year end.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The director has pledged his continuing support to the company and has agreed not to withdraw his directors

loan account, currently £74,126, until the company has sufficient funds to do so without prejudicing any other

creditor.

9.	POST BALANCE SHEET EVENTS

There were no material post balance sheet events.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Bernard Righton & Sons Limited for the year ended 31 March 2017 which comprise the

Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and

from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bernard Righton & Sons Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bernard Righton & Sons Limited and state those matters that we have agreed to state to the Board of Directors of Bernard Righton & Sons Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bernard Righton & Sons Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bernard Righton & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Bernard Righton & Sons Limited. You consider that Bernard Righton & Sons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bernard Righton & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kenneth Morris Limited

1 Aston Court

Bromsgrove Technology Park

Bromsgrove

Worcestershire

B60 3AL

15 December 2017

Bernard Righton & Sons Limited - Accounts to registrar (filleted) - small 17.3

Bernard Righton & Sons Limited - Accounts to registrar (filleted) - small 17.3