SBE Timber Products Limited - Accounts to registrar (filleted) - small 18.2

SBE Timber Products Limited - Accounts to registrar (filleted) - small 18.2

SBE TIMBER PRODUCTS LIMITED - Company Information

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REGISTERED NUMBER: 02059845 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

SBE TIMBER PRODUCTS LIMITED
SBE TIMBER PRODUCTS LIMITED (REGISTERED NUMBER: 02059845)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SBE TIMBER PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2017







DIRECTORS: Mr I N Caldwell
Mr M R Metcalfe





REGISTERED OFFICE: The Estate Yard
Pyebush Lane
Beaconsfield
Buckinghamshire
HP9 2RX





REGISTERED NUMBER: 02059845 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA
Page 1
SBE TIMBER PRODUCTS LIMITED (REGISTERED NUMBER: 02059845)

BALANCE SHEET
31 DECEMBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 240,377 242,915

CURRENT ASSETS
Debtors 5 245,700 189,228
Cash in hand 169,020 151,236
414,720 340,464
CREDITORS
Amounts falling due within one year 6 104,498 40,457
NET CURRENT ASSETS 310,222 300,007
TOTAL ASSETS LESS CURRENT
LIABILITIES
550,599
542,922

PROVISIONS FOR LIABILITIES 1,903 3,054
NET ASSETS 548,696 539,868

CAPITAL AND RESERVES
Called up and paid share capital 1,000 1,000
Retained earnings 547,696 538,868
SHAREHOLDERS' FUNDS 548,696 539,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

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

Page 2 continued...
SBE TIMBER PRODUCTS LIMITED (REGISTERED NUMBER: 02059845)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 9 September 2018 and were signed on
its behalf by:





Mr M R Metcalfe - Director


The notes form part of these financial statements

Page 3
SBE TIMBER PRODUCTS LIMITED (REGISTERED NUMBER: 02059845)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017


1. STATUTORY INFORMATION

SBE Timber Products 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.

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 - 15% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - 2 ).

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 January 2017
and 31 December 2017 225,997 143,642 369,639
DEPRECIATION
At 1 January 2017 - 126,724 126,724
Charge for year - 2,538 2,538
At 31 December 2017 - 129,262 129,262
NET BOOK VALUE
At 31 December 2017 225,997 14,380 240,377
At 31 December 2016 225,997 16,918 242,915

Page 4 continued...
SBE TIMBER PRODUCTS LIMITED (REGISTERED NUMBER: 02059845)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2017


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors - 2,329
Amounts owed by participating interests 245,700 186,899
245,700 189,228

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 1,609 1,609
Tax 2,199 18,089
VAT 216 285
Other creditors 6,000 6,000
Accruals and deferred income 94,474 14,474
104,498 40,457

7. RELATED PARTY DISCLOSURES

Transactions

At 31 December 2017 an amount of £221,000 (2017 £121,000) was due to a company under the
control of the directors,and is included in amounts due to participating interests.

Page 5