Beyer Dynamic (G.B.) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06507574 (England and Wales)

Beyer Dynamic (G.B.) Limited

Audited Financial Statements for the Year Ended 31 December 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J N Midgley

SECRETARY:

D & W Services Limited

REGISTERED OFFICE:

19 Montpelier Avenue

Bexley

Kent

DA5 3AP

REGISTERED NUMBER:

06507574 (England and Wales)

AUDITORS:

Swindells LLP

Chartered Accountants

and Statutory Auditor

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Investments

3

1,835,560

1,835,560

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

4

1,692,389

1,692,389

NET CURRENT LIABILITIES

(1,692,389

)

(1,692,389

)

TOTAL ASSETS LESS CURRENT LIABILITIES

143,171

143,171

CAPITAL AND RESERVES

Called up share capital

5

1

1

Retained earnings

143,170

143,170

SHAREHOLDERS' FUNDS

143,171

143,171

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 & loss has not been delivered.

The financial statements were approved by the director on 6 September 2018 and were signed by:

Mr J N Midgley - Director

1.	STATUTORY INFORMATION

Beyer Dynamic (G.B.) 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.	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.

Preparation of consolidated financial statements

The financial statements contain information about Beyer Dynamic (G.B.) Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The

company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to

prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for diminution in

value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & loss,

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.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2017

and 31 December 2017

1,835,560

NET BOOK VALUE

At 31 December 2017

1,835,560

At 31 December 2016

1,835,560

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Amounts owed to group undertakings

1,683,318

1,683,318

Other creditors

9,071

9,071

1,692,389

1,692,389

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1

Ordinary

£1

1

1

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Melanie Richardson, FCA (Senior Statutory Auditor)

for and on behalf of Swindells LLP

7.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed amounts totalling £1,683,318 (2016 - £1,683,318) to

its subsidiary company.

This balance is interest free, unsecured and repayable on demand.

At the balance sheet date the company owed amounts totalling £9,071 (2016 - £9,071) to the

director.

This balance is interest free, unsecured and repayable on demand.