Bedfords of Blackburn Limited - Accounts to registrar (filleted) - small 17.3

Bedfords of Blackburn Limited - Accounts to registrar (filleted) - small 17.3

BEDFORDS OF BLACKBURN LIMITED - Company Information

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REGISTERED NUMBER: 01861621 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2017

for

Bedfords of Blackburn Limited
Bedfords of Blackburn Limited (Registered number: 01861621)






Contents of the Financial Statements
for the year ended 31 December 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Bedfords of Blackburn Limited

Company Information
for the year ended 31 December 2017







DIRECTORS: R A Bedford
S Hartley
A F Holt
G U Turner





SECRETARY: R A Bedford





REGISTERED OFFICE: Cunliffe Road
Whitebirk Industrial Estate
Blackburn
Lancashire
BB1 5SU





REGISTERED NUMBER: 01861621 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP
Page 1
Bedfords of Blackburn Limited (Registered number: 01861621)

Abridged Balance Sheet
31 December 2017

31/12/17 31/12/16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,440 114,355

CURRENT ASSETS
Stocks 139,022 135,155
Debtors 414,244 412,271
Cash in hand 8,548 20,425
561,814 567,851
CREDITORS
Amounts falling due within one year 447,765 383,245
NET CURRENT ASSETS 114,049 184,606
TOTAL ASSETS LESS CURRENT
LIABILITIES
205,489
298,961

PROVISIONS FOR LIABILITIES 16,023 21,136
NET ASSETS 189,466 277,825

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 169,466 257,825
SHAREHOLDERS' FUNDS 189,466 277,825

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these financial statements

Page 2 continued...
Bedfords of Blackburn Limited (Registered number: 01861621)

Abridged Balance Sheet - continued
31 December 2017


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 December 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 March 2018 and were signed on its behalf by:





R A Bedford - Director


The notes form part of these financial statements

Page 3
Bedfords of Blackburn Limited (Registered number: 01861621)

Notes to the Financial Statements
for the year ended 31 December 2017

1. STATUTORY INFORMATION

Bedfords of Blackburn 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.

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 - 25% on cost and 10% on cost
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.

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.

Government grants
Government grants received in respect of fixed assets are deferred and released over the expected useful life of
the related assets.

Operating lease
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Page 4 continued...
Bedfords of Blackburn Limited (Registered number: 01861621)

Notes to the Financial Statements - continued
for the year ended 31 December 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2016 - 18 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2017 528,270
Additions 9,021
At 31 December 2017 537,291
DEPRECIATION
At 1 January 2017 413,915
Charge for year 31,936
At 31 December 2017 445,851
NET BOOK VALUE
At 31 December 2017 91,440
At 31 December 2016 114,355

5. SECURED DEBTS

The following secured debts are included within creditors:

31/12/17 31/12/16
£    £   
Bank overdrafts 110,827 107,036

6. ULTIMATE CONTROLLING PARTY

The directors of the company, R Bedford, S Hartley, A Holt and G Turner are the ultimate controlling party,
having a beneficial interest in 100% of the shares.

Page 5