Bridlington Shellfish Co. Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04648808 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2018

FOR

BRIDLINGTON SHELLFISH CO. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S P Cowan

A Cruddas

P H Langley

K P Jewitt

M P Sayer

R Emmerson

M J Emmerson

J Stephenson

SECRETARY:

Y Webb

REGISTERED OFFICE:

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

REGISTERED NUMBER:

04648808 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

BANKERS:

Yorkshire Bank

28 Queen Street

Bridlington

East Yorkshire

YO15 2SW

FIXED ASSETS

Tangible assets

4

98,113

100,264

CURRENT ASSETS

Stocks

10,600

46,160

Debtors

5

452,143

357,265

Cash at bank

227,699

113,536

690,442

516,961

CREDITORS

Amounts falling due within one year

6

79,398

63,517

NET CURRENT ASSETS

611,044

453,444

TOTAL ASSETS LESS CURRENT LIABILITIES

709,157

553,708

CREDITORS

Amounts falling due after more than one year

7

-

(4,238

)

PROVISIONS FOR LIABILITIES

(18,642

)

(20,053

)

NET ASSETS

690,515

529,417

CAPITAL AND RESERVES

Called up share capital

9

12,000

12,000

Capital redemption reserve

1,500

1,500

Retained earnings

677,015

515,917

SHAREHOLDERS' FUNDS

690,515

529,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 11 June 2018 and were signed on its behalf by:

J Stephenson - Director

1.	STATUTORY INFORMATION

Bridlington Shellfish Co. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Boat

-

5% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 (2017 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2017

222,879

Additions

11,589

At 31 January 2018

234,468

DEPRECIATION

At 1 February 2017

122,615

Charge for year

13,740

At 31 January 2018

136,355

NET BOOK VALUE

At 31 January 2018

98,113

At 31 January 2017

100,264

The net book value of tangible fixed assets includes £ 9,218 (2017 - £ 12,291 ) in respect of assets held under

hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

£

Trade debtors

442,696

303,235

Other debtors

9,447

54,030

452,143

357,265

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

£

Hire purchase contracts

4,238

5,650

Trade creditors

22,155

12,474

Taxation and social security

41,807

18,285

Other creditors

11,198

27,108

79,398

63,517

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.18

31.1.17

£

£

Hire purchase contracts

-

4,238

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.18

31.1.17

£

£

Hire purchase contracts

4,238

9,888

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.18

31.1.17

value:

£

£

12,000

Ordinary

£1

12,000

12,000