Bolzoni Ltd. - Accounts to registrar (filleted) - small 18.1
Bolzoni Ltd. - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| AUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| FOR |
| BOLZONI LTD. |
| BOLZONI LTD. (REGISTERED NUMBER: 01937306) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| BOLZONI LTD. |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants and |
| Statutory Auditors |
| 17 George Street |
| St Helens |
| Merseyside |
| WA10 1DB |
| BOLZONI LTD. (REGISTERED NUMBER: 01937306) |
| BALANCE SHEET |
| 31 DECEMBER 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 |
| BOLZONI LTD. (REGISTERED NUMBER: 01937306) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 1. | STATUTORY INFORMATION |
| Bolzoni Ltd. is a |
| registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies |
| have been consistently applied to all years presented unless otherwise stated. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. |
| Sales of goods |
| Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have |
| transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated |
| with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be |
| measured reliably. This is usually on dispatch of the goods. |
| Rendering of services |
| When the outcome of a transaction can be estimated reliably, turnover from service and installation work is recognised using |
| the percentage of completion method. |
| Equipment Hire |
| Turnover from the hire of equipment is recognised on a straight line basis over the period of hire. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost |
| includes costs directly attributable to making the asset capable of operating as intended. |
| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of |
| each asset on a systematic basis over its expected useful life as follows: |
| Improvements to property | - | 5% on cost |
| Plant and machinery | - | 15% - 20% on cost |
| Fixtures and fittings | - | 15% on cost |
| Motor vehicles | - | 25% reducing balance |
| Computer equipment | - | 25% on cost |
| Assets are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the |
| recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its |
| recoverable amount, an impairment loss is recognised in profit or loss. |
| Stocks |
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of |
| purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is |
| calculated using the average cost formula. Provision is made for damaged, obsolete and slow-moving stock where |
| appropriate. |
| BOLZONI LTD. (REGISTERED NUMBER: 01937306) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past |
| reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been |
| enacted or substantively enacted by the balance sheet date. |
| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of |
| current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing |
| differences are differences between taxable profits and total comprehensive income as stated in the financial statements that |
| arise from the inclusion of income and expense in tax assessments in periods different from those in which they are |
| recognised in the financial statements. 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. |
| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet |
| date that are expected to apply to the reversal of timing differences. |
| Foreign currencies |
| Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate |
| between the functional currency and the foreign currency at the date of the transaction. |
| Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing |
| rate. |
| Hire purchase and leasing commitments |
| Rentals payable under operating leases are charged against profits on a straight line basis over the periods of the leases. |
| Assets acquired under finance leases and hire purchase contracts are capitalised as tangible fixed assets and depreciated in |
| accordance with the accounting policy on depreciation. The related obligations, net of finance costs allocated to future |
| periods, are included in creditors. Finance costs are charged against profits on a straight line basis over the periods of the |
| contracts. |
| Employee benefits |
| When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are |
| recognised at the undiscounted amount expected to be paid in exchange for that service. |
| The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they |
| become payable. |
| Debtors and creditors receivable / payable within one year |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. |
| Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| BOLZONI LTD. (REGISTERED NUMBER: 01937306) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Plant and | and | Computer |
| property | machinery | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 January 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 December 2017 |
| DEPRECIATION |
| At 1 January 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 December 2017 |
| NET BOOK VALUE |
| At 31 December 2017 |
| At 31 December 2016 |
| Included within plant and machinery are assets held under hire purchase contracts with a net book value of £17,156 (2016 - |
| £22,435). |
| 5. | STOCKS |
| 2017 | 2016 |
| £ | £ |
| Stocks |
| Work-in-progress |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Hire purchase contracts (secured) |
| Trade creditors |
| Amounts owed to group undertakings |
| Corporation tax |
| Social security and other taxes |
| Other creditors |
| Accrued expenses |
| BOLZONI LTD. (REGISTERED NUMBER: 01937306) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Hire purchase contracts (secured) |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Non-cancellable operating leases |
| 2017 | 2016 |
| £ | £ |
| Within one year | 5,672 | 4,378 |
| Between one and five years | 28,518 | 64,889 |
| In more than five years | 366,781 | 403,156 |
| 400,971 | 472,423 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £1 | 350,000 | 350,000 |
| 11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 12. | ULTIMATE CONTROLLING PARTY |
| The company's ultimate parent undertaking is Hyster-Yale Material Handling Inc, a company incorporated in the United |
| States of America. |