Beswick Stone (Cirencester) Limited - Accounts to registrar (filleted) - small 18.1

Beswick Stone (Cirencester) Limited - Accounts to registrar (filleted) - small 18.1

BESWICK STONE (CIRENCESTER) LIMITED - Company Information

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REGISTERED NUMBER: 07203519 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

BESWICK STONE (CIRENCESTER) LIMITED
d&t
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU








BESWICK STONE (CIRENCESTER) LIMITED (REGISTERED NUMBER: 07203519)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BESWICK STONE (CIRENCESTER) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2017







DIRECTOR: W J Forde





SECRETARY: W J Forde





REGISTERED OFFICE: Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU





REGISTERED NUMBER: 07203519 (England and Wales)





ACCOUNTANTS: d&t
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU
Page 1
BESWICK STONE (CIRENCESTER) LIMITED (REGISTERED NUMBER: 07203519)

BALANCE SHEET
30 SEPTEMBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,870 7,976

CURRENT ASSETS
Stocks 513,000 463,000
Debtors 5 363,942 446,942
Cash at bank and in hand 35,220 64,957
912,162 974,899
CREDITORS
Amounts falling due within one year 6 339,827 653,954
NET CURRENT ASSETS 572,335 320,945
TOTAL ASSETS LESS CURRENT
LIABILITIES
592,205
328,921

PROVISIONS FOR LIABILITIES 3,776 1,515
NET ASSETS 588,429 327,406

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7 588,428 327,405
SHAREHOLDERS' FUNDS 588,429 327,406

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 director acknowledges his 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...
BESWICK STONE (CIRENCESTER) LIMITED (REGISTERED NUMBER: 07203519)

BALANCE SHEET - continued
30 SEPTEMBER 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 29 June 2018 and were signed by:





W J Forde - Director


The notes form part of these financial statements

Page 3
BESWICK STONE (CIRENCESTER) LIMITED (REGISTERED NUMBER: 07203519)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017

1. STATUTORY INFORMATION

Beswick Stone (Cirencester) 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 etc - 25% straight line basis

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
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.

Page 4 continued...
BESWICK STONE (CIRENCESTER) LIMITED (REGISTERED NUMBER: 07203519)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2016 12,554
Additions 16,192
At 30 September 2017 28,746
DEPRECIATION
At 1 October 2016 4,578
Charge for year 4,298
At 30 September 2017 8,876
NET BOOK VALUE
At 30 September 2017 19,870
At 30 September 2016 7,976

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Amounts owed by group undertakings 149,323 436,443
Other debtors 214,619 10,499
363,942 446,942

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 198,139 437,920
Taxation and social security 142,703 203,259
Other creditors (1,015 ) 12,775
339,827 653,954

7. RESERVES
Retained
earnings
£   

At 1 October 2016 327,405
Profit for the year 322,311
Dividends (61,288 )
At 30 September 2017 588,428

Page 5 continued...
BESWICK STONE (CIRENCESTER) LIMITED (REGISTERED NUMBER: 07203519)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2017

8. RELATED PARTY DISCLOSURES

During the year, the company entered into transactions with the following related parties.

Name of related Nature of Transaction Income / Debtor /
party relationship details (Expense) (Creditor)
£ £
J Forde Director/shareholder Dividends (61,288)


9. LOANS TO PARTICIPATORS

The following loans to participators subsisted during the years ended 30 September 2017 and 30
September 2016.

W J Forde 2017 2016
£ £
Balance owed from / (to) participator brought forward (1,815) 30,306
Balance owed from / (to) participator carried forward 51,818 (1,815)

Interest is charged on the overdrawn loan account at HM Revenue and Custom's official rate.

Page 6