Beswick Homes Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04541157 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

BESWICK HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Forde

W J Forde

REGISTERED OFFICE:

Swatton Barn

Badbury

Swindon

Wiltshire

SN4 0EU

REGISTERED NUMBER:

04541157 (England and Wales)

ACCOUNTANTS:

d&t

Chartered Accountants

Swatton Barn

Badbury

Swindon

Wiltshire

SN4 0EU

FIXED ASSETS

Tangible assets

4

-

81,168

CURRENT ASSETS

Stocks

-

1,564,934

Debtors

5

1,088,699

700,454

Cash at bank

916,430

426

2,005,129

2,265,814

CREDITORS

Amounts falling due within one year

6

487,423

1,653,103

NET CURRENT ASSETS

1,517,706

612,711

TOTAL ASSETS LESS CURRENT LIABILITIES

1,517,706

693,879

PROVISIONS FOR LIABILITIES

-

3,474

NET ASSETS

1,517,706

690,405

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

8

1,517,704

690,403

SHAREHOLDERS' FUNDS

1,517,706

690,405

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 June 2018 and were signed on its behalf by:

W J Forde - Director

1.	STATUTORY INFORMATION

Beswick Homes 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 and Straight line over 20 years

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling

costs in bringing stocks to their present location and condition.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2016

148,727

Disposals

(145,759

)

At 30 September 2017

2,968

DEPRECIATION

At 1 October 2016

67,559

Charge for year

18,010

Eliminated on disposal

(82,601

)

At 30 September 2017

2,968

NET BOOK VALUE

At 30 September 2017

-

At 30 September 2016

81,168

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Amounts owed by associates

952,033

-

Other debtors

136,666

700,454

1,088,699

700,454

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

963,834

Amounts owed to associates

167,055

485,094

Taxation and social security

317,717

191,767

Other creditors

2,651

12,408

487,423

1,653,103

7.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

-

963,834

The bank loans and overdrafts are secured by way of the following:

A fixed charge over the Land at rear of 68 & 71 Woolley Street, Bradford on Avon, dated 9th

December 2015.

A fixed and floating charge over all assets of the company, dated 13th August 2015.

A charge over the deposit account monies, dated 14th April 2003.

A debenture over all assets of the company, dated 4th February 2003.

8.

RESERVES

Retained

earnings

£

At 1 October 2016

690,403

Profit for the year

1,150,960

Dividends

(323,659

)

At 30 September 2017

1,517,704

9.	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

(161,830)

S Forde

Director/shareholder

Dividends

(161,829)

10.	LOANS WITH PARTICIPATORS