BEECHWOOD CARPENTRY LIMITED - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05141392 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 JUNE 2017

FOR

BEECHWOOD CARPENTRY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J B Unwin

REGISTERED OFFICE:

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

REGISTERED NUMBER:

05141392 (England and Wales)

ACCOUNTANTS:

Segrave & Partners LLP

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

592

763

592

763

CURRENT ASSETS

Debtors

6

5,763

196

Cash at bank

4,160

6,330

9,923

6,526

CREDITORS

Amounts falling due within one year

7

5,192

4,733

NET CURRENT ASSETS

4,731

1,793

TOTAL ASSETS LESS CURRENT LIABILITIES

5,323

2,556

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,223

2,456

SHAREHOLDERS' FUNDS

5,323

2,556

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 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 Income Statement has not been delivered.

The financial statements were approved by the director on 12 January 2018 and were signed by:

J B Unwin - Director

1.	STATUTORY INFORMATION

BEECHWOOD CARPENTRY 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 2004, 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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% 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 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 30 June 2016

and 29 June 2017

5,000

AMORTISATION

At 30 June 2016

and 29 June 2017

5,000

NET BOOK VALUE

At 29 June 2017

-

At 29 June 2016

-

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 30 June 2016

and 29 June 2017

6,457

500

6,957

DEPRECIATION

At 30 June 2016

6,094

100

6,194

Charge for year

91

80

171

At 29 June 2017

6,185

180

6,365

NET BOOK VALUE

At 29 June 2017

272

320

592

At 29 June 2016

363

400

763

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

5,582

-

Prepayments

181

196

5,763

196

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

3,185

2,942

Director's loan account

957

741

Accrued expenses

1,050

1,050

5,192

4,733