Buckingham Concessions Limited - Accounts to registrar (filleted) - small 18.1
Buckingham Concessions Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| Audited Financial Statements for the Year Ended 30 September 2017 |
| for |
| Buckingham Concessions Limited |
| Buckingham Concessions Limited (Registered number: 04057535) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Buckingham Concessions Limited |
| Company Information |
| for the Year Ended 30 September 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants & Statutory Auditors |
| 2 Copperhouse Court |
| Caldecotte Business Park |
| Milton Keynes |
| Buckinghamshire |
| MK7 8NL |
| Buckingham Concessions Limited (Registered number: 04057535) |
| Balance Sheet |
| 30 September 2017 |
| 30.9.17 | 30.9.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 |
| Buckingham Concessions Limited (Registered number: 04057535) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2017 |
| 1. | STATUTORY INFORMATION |
| Buckingham Concessions Limited is a |
| 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 |
| 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 |
| Furniture & equipment | - |
| Motor vehicles | - |
| Computer equipment & software | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
| the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| 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 |
| Buckingham Concessions Limited (Registered number: 04057535) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Short | Long | Furniture |
| leasehold | leasehold | & equipment |
| £ | £ | £ |
| COST |
| At 1 October 2016 |
| Additions |
| At 30 September 2017 |
| DEPRECIATION |
| At 1 October 2016 |
| Charge for year |
| Eliminated on disposal |
| At 30 September 2017 |
| NET BOOK VALUE |
| At 30 September 2017 |
| At 30 September 2016 |
| Computer |
| Motor | equipment |
| vehicles | & software | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2016 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 September 2017 |
| DEPRECIATION |
| At 1 October 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 September 2017 |
| NET BOOK VALUE |
| At 30 September 2017 |
| At 30 September 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.17 | 30.9.16 |
| £ | £ |
| Trade debtors |
| Other debtors |
| VAT |
| Deferred tax asset |
| Prepayments and accrued income |
| Buckingham Concessions Limited (Registered number: 04057535) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2017 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.17 | 30.9.16 |
| £ | £ |
| Trade creditors |
| Amounts owed to associates | 587,633 | 703,181 |
| Corporation tax |
| Social security and other taxes |
| VAT | 18,316 | - |
| Other creditors |
| Directors' current accounts | 694,000 | 1,035,000 |
| Accruals |
| 7. | SECURED DEBTS |
| The company's bankers hold a debenture over the company's assets. |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.17 | 30.9.16 |
| value: | £ | £ |
| Ordinary | £1 | 2 | 2 |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 10. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £200,000 were paid to the directors . |
| Indulgence Limited (A company controlled jointly by Mr D Medd and Mrs S Medd). |
| Included in debtors: |
| Amount due from Indulgence Limited at 30 September 2017: £140,308 (2016: £124,461). |
| Included in creditors: |
| Amount due to Indulgence Ltd at 30 September 2017: £587,633 (2016: 703,181). |
| The following transactions took place during the year: |
| Sales of stock were made to Indulgence Limited of £740,527 (2016: £771,542) |
| Management charges of £379,257 (2016: £360,000) were charged during the year. |
| Interest was charged at 3% above the Bank of Englands base rate on the loan advanced by Indulgence Limited. |
| This loan is repayable on demand. The amount charged in the year was £17,534 (2016: £2,076) |
| 11. | CONTROL |
| The company was controlled throughout the current and prior years by its two directors who own 100% of the |
| issued shares. |