The Beaderie Limited - Accounts to registrar (filleted) - small 18.2

The Beaderie Limited - Accounts to registrar (filleted) - small 18.2

THE BEADERIE LIMITED - Company Information

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REGISTERED NUMBER: 09523058 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

THE BEADERIE LIMITED
THE BEADERIE LIMITED (REGISTERED NUMBER: 09523058)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE BEADERIE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: Mr A Bowden
Mrs S Bowden





REGISTERED OFFICE: 10 Jesus Lane
Cambridge
England
CB5 8BA





REGISTERED NUMBER: 09523058 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA
Page 1
THE BEADERIE LIMITED (REGISTERED NUMBER: 09523058)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £   
FIXED ASSETS
Intangible assets 5 - 17,600

CURRENT ASSETS
Stocks - 4,000
Debtors 6 - 269
Cash in hand - 50
- 4,319
CREDITORS
Amounts falling due within one year 7 (21,568 ) (20,219 )
NET CURRENT LIABILITIES (21,568 ) (15,900 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(21,568
)
1,700

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (21,570 ) 1,698
SHAREHOLDERS' FUNDS (21,568 ) 1,700

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 notes form part of these financial statements

Page 2 continued...
THE BEADERIE LIMITED (REGISTERED NUMBER: 09523058)

BALANCE SHEET - continued
31 MARCH 2018


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 22 August 2018 and were signed on its behalf by:




Mr A Bowden - Director



Mrs S Bowden - Director


The notes form part of these financial statements

Page 3
THE BEADERIE LIMITED (REGISTERED NUMBER: 09523058)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

The Beaderie 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

During the financial year the decision was taken to close the company down. Therefore the financial statements
have been prepared on the breakup basis.

Turnover
Turnover represents invoiced and cash sales of beads and jewellery related items inclusive of Value Added Tax.

Goodwill
Goodwill at the date of purchase was believed to have a useful life of ten years with no residual value. The
amount was therefore amortised on a straight line basis over ten years.

Due to the decision to close the company the goodwill was impaired by £15,400 to £nil value at the yearned after
charging amortisation of £2,200 (2017: 2,200) inline with the accounting policy.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

Page 4 continued...
THE BEADERIE LIMITED (REGISTERED NUMBER: 09523058)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017 22,000
Impairments (15,400 )
At 31 March 2018 6,600
AMORTISATION
At 1 April 2017 4,400
Charge for year 2,200
At 31 March 2018 6,600
NET BOOK VALUE
At 31 March 2018 -
At 31 March 2017 17,600

During the year the decision was made to close the company. Therefore all goodwill has been revalued to £nil as
no return is expected on the closure of the company as such an impairment charge of £15,400 was recognised.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors - 269

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts - 7,117
Trade creditors - (1 )
Taxation and social security - 10,375
Other creditors 21,568 2,728
21,568 20,219

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2018 2017
£    £   
Within one year - 7,500

During the year it was agreed that the operating lease would end in September 2017.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
2 Ordinary £1 2 2

Page 5