Black Rock Trading Company Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07516217 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2017

for

Black Rock Trading Company Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R J Banks

REGISTERED OFFICE:

Glebe House

104 Darras Road

Ponteland

Newcastle Upon Tyne

Northumberland

NE20 9PG

REGISTERED NUMBER:

07516217 (England and Wales)

ACCOUNTANTS:

Noble Accountants Ltd

Tarn Villa

Culgaith

Penrith

Cumbria

CA10 1QL

FIXED ASSETS

Tangible assets

4

4,092

4,113

CURRENT ASSETS

Stocks

3,900

3,500

Debtors

5

18,682

21,574

Cash at bank

56,490

45,077

79,072

70,151

CREDITORS

Amounts falling due within one year

6

78,213

48,268

NET CURRENT ASSETS

859

21,883

TOTAL ASSETS LESS CURRENT LIABILITIES

4,951

25,996

PROVISIONS FOR LIABILITIES

37

823

NET ASSETS

4,914

25,173

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,814

25,073

SHAREHOLDERS' FUNDS

4,914

25,173

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 14 December 2017 and were signed by:

R J Banks - Director

1.	STATUTORY INFORMATION

Black Rock Trading Company Ltd 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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 May 2016

6,344

Additions

1,342

At 30 April 2017

7,686

DEPRECIATION

At 1 May 2016

2,231

Charge for year

1,363

At 30 April 2017

3,594

NET BOOK VALUE

At 30 April 2017

4,092

At 30 April 2016

4,113

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

18,149

21,574

Other debtors

533

-

18,682

21,574

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

12,547

3,515

Taxation and social security

41,300

33,000

Other creditors

24,366

11,753

78,213

48,268

7.	RELATED PARTY DISCLOSURES

Dividends of £139,500 (2016 - £90,000) were paid to Mr RJ Banks (Director) and £46,500 (2016 - £30,000) to

Mrs J Banks his spouse who is an employee of the company. Salary of £15,000 (2016-£15,000) was paid to RJ

Banks (Director) and £10,000 (2016-£10,000) to Mrs J Banks.

During the year RJ Banks director's loan account balance became overdrawn. The maximum amount outstanding

was £170,101 £ (2016-£112,097). Interest was charged by the company to RJ Banks director's loan account at

the official rate of interest of 3% up to 5th April and 2.5% thereafter on the daily balance overdrawn totalling

£1,681 (2016-£1,741). The overdrawn amount was repaid in the year and the director's loan account was

£24,366 (2016-£11,753) in credit at 30th April 2017. The balance on the account remained in credit for 30 days

after 30th April 2017.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is R J Banks.

9.	FRS102 FIRST YEAR ADOPTION

The accounts to the 30th April 2017 are the first accounts prepared under financial reporting standard 102. No

adjustments to the previously disclosed comparatives have been necessary.