Bache Post & News Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04779022 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2017

for

Bache Post & News Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K S Elson

Mrs W A Elson

SECRETARY:

K S Elson

REGISTERED OFFICE:

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

REGISTERED NUMBER:

04779022 (England and Wales)

ACCOUNTANTS:

Pursglove & Brown

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

FIXED ASSETS

Intangible assets

4

29,181

34,044

Property, plant and equipment

5

34,470

43,088

63,651

77,132

CURRENT ASSETS

Inventories

18,241

18,991

Debtors

16,052

9,474

Cash at bank and in hand

605

519

34,898

28,984

CREDITORS

Amounts falling due within one year

(53,886

)

(64,634

)

NET CURRENT LIABILITIES

(18,988

)

(35,650

)

TOTAL ASSETS LESS CURRENT LIABILITIES

44,663

41,482

CREDITORS

Amounts falling due after more than one year

(34,657

)

(38,307

)

NET ASSETS

10,006

3,175

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

10,004

3,173

SHAREHOLDERS' FUNDS

10,006

3,175

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Balance Sheet for the year ended 31 May 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors on 19 February 2018 and were signed on its behalf by:

K S Elson - Director

1.	STATUTORY INFORMATION

Bache Post & News 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 financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest

£1.

Turnover

Revenue 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 2003, is being amortised evenly over its estimated useful life of twenty 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

-

20% on reducing balance

Stocks

Inventories 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 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 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.

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 7 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2016

and 31 May 2017

97,271

AMORTISATION

At 1 June 2016

63,227

Amortisation for year

4,863

At 31 May 2017

68,090

NET BOOK VALUE

At 31 May 2017

29,181

At 31 May 2016

34,044

5.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 June 2016

and 31 May 2017

86,170

DEPRECIATION

At 1 June 2016

43,082

Charge for year

8,618

At 31 May 2017

51,700

NET BOOK VALUE

At 31 May 2017

34,470

At 31 May 2016

43,088

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.17

31.5.16

value:

£

£

2

ordinary

£1

2

2

7.	RELATED PARTY DISCLOSURES

As at 31 May 2017 the company was owed £10,421 (2016 - £2,820) by Saltney Post & Convenience Limited. Mr K S and

Mrs W A Elson are directors and shareholders of Saltney Post & Convenience Limited.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr K S and Mrs W A Elson.