Building Envelope Solutions Limited - Accounts to registrar (filleted) - small 18.2

BUILDING ENVELOPE SOLUTIONS LIMITED - Company Information

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REGISTERED NUMBER: 05217246 (England and Wales)

Financial Statements for the Year Ended 31 December 2017

for

Building Envelope Solutions Limited

Page

Company Information

Abridged Balance Sheet

Notes to the Financial Statements

Chartered Accountants' Report

DIRECTOR:

D Robinson

REGISTERED OFFICE:

Unit 1 South March

Long March Industrial Estate

Daventry

Northamptonshire

NN11 4PH

REGISTERED NUMBER:

05217246 (England and Wales)

ACCOUNTANTS:

CED Accountancy Services Limited

1 Lucas Bridge Business Park

1 Old Greens Norton Road

Towcester

Northamptonshire

NN12 8AX

FIXED ASSETS

Tangible assets

275,914

263,690

Investment property

255,845

531,759

263,690

CURRENT ASSETS

Stocks

512,990

452,142

Debtors

110,007

135,978

Cash at bank and in hand

854,321

671,425

1,477,318

1,259,545

CREDITORS

Amounts falling due within one year

1,524,151

1,108,844

NET CURRENT (LIABILITIES)/ASSETS

(46,833

)

150,701

TOTAL ASSETS LESS CURRENT
LIABILITIES

484,926

414,391

CREDITORS

Amounts falling due after more than one
year

(43,904

)

PROVISIONS FOR LIABILITIES

(50,180

)

(52,738

)

NET ASSETS

434,746

317,749

CAPITAL AND RESERVES

Called up share capital

300

Revaluation reserve

33,975

Retained earnings

400,471

283,474

SHAREHOLDERS' FUNDS

434,746

317,749

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 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 director on 14 September 2018 and were signed by:

D Robinson - Director

1.	STATUTORY INFORMATION

Building Envelope Solutions 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 as modified by the revaluation of certain assets.

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.

Improvements to property

33% on cost

Plant and machinery

15% on reducing balance

Fixtures and fittings

20% on reducing balance

Motor vehicles

25% on reducing balance

Computer equipment

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2016 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Totals

COST OR VALUATION

At 1 January 2017

436,967

Additions

110,295

Disposals

(46,714

)

At 31 December 2017

500,548

DEPRECIATION

At 1 January 2017

173,277

Charge for year

80,011

Eliminated on disposal

(28,654

)

At 31 December 2017

224,634

NET BOOK VALUE

At 31 December 2017

275,914

At 31 December 2016

263,690

Cost or valuation at 31 December 2017 is represented by:

Totals

Valuation in 2010

500,548

If plant and machinery had not been revalued it would have been included at the following historical cost:

31.12.17

31.12.16

Cost

351,952

264,961

Aggregate depreciation

115,298

61,647

5.	INVESTMENT PROPERTY

Total

FAIR VALUE

Additions

255,845

At 31 December 2017

255,845

NET BOOK VALUE

At 31 December 2017

255,845

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.17

31.12.16

Hire purchase contracts

43,904

89,818

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.17

31.12.16

value:

300

Ordinary

£1

300

RESERVES

Revaluation

reserve

At 1 January 2017

and 31 December 2017

33,975

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2017 and

31 December 2016:

31.12.17

31.12.16

D Robinson

Balance outstanding at start of year

Amounts advanced

3,701

Amounts repaid

Amounts written off

Amounts waived

Balance outstanding at end of year

3,701

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Building Envelope Solutions Limited for the year ended 31 December 2017 which comprise the

Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Building Envelope Solutions Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Building Envelope Solutions Limited and state those matters that we have agreed to state to the director of Building Envelope Solutions Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Building Envelope Solutions Limited and its director for our work or for this report.

It is your duty to ensure that Building Envelope Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Building Envelope Solutions Limited. You consider that Building Envelope Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Building Envelope Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

CED Accountancy Services Limited

1 Lucas Bridge Business Park

1 Old Greens Norton Road

Towcester

Northamptonshire

NN12 8AX

14 September 2018