Bristol & Southwest Developments Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03845405 (England and Wales)

Unaudited Financial Statements

for the Year Ended

30 September 2017

for

Bristol & Southwest Developments Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R I Griffiths

T W Hosier

M Cooke

T M Dougherty

J P Bishop

SECRETARY:

T M Dougherty

REGISTERED OFFICE:

Queen Charlotte House

53-55 Queen Charlotte Street

Bristol

BS1 4HQ

REGISTERED NUMBER:

03845405 (England and Wales)

ACCOUNTANTS:

Stanley Joseph Limited

Chartered Accountants

Suite 1

Liberty House

South Liberty Lane

Bristol

BS3 2ST

BANKERS:

National Westminster Bank Plc

Bishopston Branch

PO Box 209

72 Gloucester Road, Bishopston

Bristol

BS99 5AF

CURRENT ASSETS

Inventories

601,159

545,790

Debtors

3

160

-

Cash at bank

14,245

16,147

615,564

561,937

CREDITORS

Amounts falling due within one year

4

616,739

561,738

NET CURRENT (LIABILITIES)/ASSETS

(1,175

)

199

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,175

)

199

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5

(1,275

)

99

SHAREHOLDERS' FUNDS

(1,175

)

199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 7 March 2018 and were signed on its behalf by:

T M Dougherty - Director

R I Griffiths - Director

1.	STATUTORY INFORMATION

Bristol & Southwest Developments 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.

Going concern

The financial statements have been prepared on the going concern basis which assumes that the

company will continue in existence for the foreseeable future. The validity of this assumption depends

on the continued financial support of the directors, which intended for the foreseeable future. The

financial statements do not include any adjustments that would be necessary if this support was

withdrawn.

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 inventories 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position 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.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

VAT

160

-

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Other creditors

150,000

100,000

Directors' current accounts

466,039

461,039

Accrued expenses

700

699

616,739

561,738

5.

RESERVES

Retained

earnings

£

At 1 October 2016

99

Deficit for the year

(1,374

)

At 30 September 2017

(1,275

)

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

R I Griffiths

Director

2017

2016

Capital withdrawn

55,000

-

At the year end date the company owed the following amount to the director:

R I Griffiths - £143,019 (2016 - £198,019).

T W Hosier

Director

2017

2016

Capital introduced

55,000

-

At the year end date the company owed the following amount to the director:

T W Hosier - £98,020 (2016 - £43,020).

M Cooke

Director

At the year end date the company owed the following amount to the director:

M Cooke - £95,000 (2016 - £95,000).

T M Dougherty

Director

2017

2016

Capital introduced

5,000

-

At the year end date the company owed the following amount to the director:

T M Dougherty - £95,000 (2016 - £90,000).

J P Bishop

Director

At the year end date the company owed the following amount to the director:

J P Bishop - £35,000 (2016 - £35,000).

7.	RELATED PARTY DISCLOSURES