Bamlings Contracts Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04885300

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Bamlings Contracts Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Bamling

SECRETARY:

Mrs M Bamling

REGISTERED OFFICE:

56 Warwick Road

Carlisle

CA1 1DR

REGISTERED NUMBER:

04885300

ACCOUNTANTS:

Barrett & Co

Chartered Accountants

56 Warwick Road

Carlisle

CA1 1DR

FIXED ASSETS

Intangible assets

4

4,500

5,250

Tangible assets

5

31,600

40,312

36,100

45,562

CURRENT ASSETS

Debtors

6

1,390

6,750

Cash at bank

1

1

1,391

6,751

CREDITORS

Amounts falling due within one year

7

17,080

29,666

NET CURRENT LIABILITIES

(15,689

)

(22,915

)

TOTAL ASSETS LESS CURRENT LIABILITIES

20,411

22,647

CREDITORS

Amounts falling due after more than one year

8

23,858

18,632

NET (LIABILITIES)/ASSETS

(3,447

)

4,015

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

(3,547

)

3,915

SHAREHOLDERS' FUNDS

(3,447

)

4,015

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 24 September 2018 and were signed by:

A Bamling - Director

1.	STATUTORY INFORMATION

Bamlings Contracts Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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.

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% on reducing balance and 20% 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2017

and 31 December 2017

15,000

AMORTISATION

At 1 January 2017

9,750

Charge for year

750

At 31 December 2017

10,500

NET BOOK VALUE

At 31 December 2017

4,500

At 31 December 2016

5,250

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

and 31 December 2017

112,310

DEPRECIATION

At 1 January 2017

71,998

Charge for year

8,712

At 31 December 2017

80,710

NET BOOK VALUE

At 31 December 2017

31,600

At 31 December 2016

40,312

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

1,200

6,750

Other debtors

190

-

1,390

6,750

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Bank loans and overdrafts

4,684

12,986

Hire purchase contracts

1,271

7,070

Trade creditors

225

440

Tax

5,143

4,666

VAT

1,302

1,256

Family loan

2,050

2,050

Accrued expenses

2,405

1,198

17,080

29,666

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Directors account

23,858

18,632

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.17

31.12.16

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 January 2017

3,915

Deficit for the year

(7,462

)

At 31 December 2017

(3,547

)