British Mica Company Holdings Limited - Accounts to registrar (filleted) - small 18.2
British Mica Company Holdings Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| BRITISH MICA COMPANY HOLDINGS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2018 |
| BRITISH MICA COMPANY HOLDINGS LIMITED (REGISTERED NUMBER: 03028673) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| BRITISH MICA COMPANY HOLDINGS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30TH JUNE 2018 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Christchurch House |
| Upper George Street |
| Luton |
| Bedfordshire |
| LU1 2RS |
| BRITISH MICA COMPANY HOLDINGS LIMITED (REGISTERED NUMBER: 03028673) |
| BALANCE SHEET |
| 30TH JUNE 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
| NET ASSETS |
| BRITISH MICA COMPANY HOLDINGS LIMITED (REGISTERED NUMBER: 03028673) |
| BALANCE SHEET - continued |
| 30TH JUNE 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| BRITISH MICA COMPANY HOLDINGS LIMITED (REGISTERED NUMBER: 03028673) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2018 |
| 1. | STATUTORY INFORMATION |
| British Mica Company Holdings Limited is a |
| England and Wales. The company's registered number and registered office address can be found on |
| the Company Information page. |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| All fixed assets are initially recorded at cost. |
| Depreciation |
| Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over |
| the useful economic life of that asset as follows: |
| Leasehold property - equal annual instalments over the term of lease |
| Plant and machinery - 15%, 20% or 25% on the reducing balance, or 20% on cost |
| Fixtures and fittings - 15% on the reducing balance |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| 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. |
| BRITISH MICA COMPANY HOLDINGS LIMITED (REGISTERED NUMBER: 03028673) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2018 |
| 3. | ACCOUNTING POLICIES - continued |
| 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. |
| Operating lease agreements |
| Rentals applicable to operating leases where substantially all of the benefits and risks of ownership |
| remain with the lessor are charged against profits 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. |
| Grants |
| Grants received are treated as deferred credits and credited to the profit and loss account over the |
| estimated useful life of the relevant fixed assets. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| BRITISH MICA COMPANY HOLDINGS LIMITED (REGISTERED NUMBER: 03028673) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2018 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Long | Plant and | and |
| leasehold | machinery | fittings | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st July 2017 |
| Additions |
| At 30th June 2018 |
| DEPRECIATION |
| At 1st July 2017 |
| Charge for year |
| At 30th June 2018 |
| NET BOOK VALUE |
| At 30th June 2018 |
| At 30th June 2017 |
| 6. | INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1st July 2017 |
| and 30th June 2018 |
| NET BOOK VALUE |
| At 30th June 2018 |
| At 30th June 2017 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| BRITISH MICA COMPANY HOLDINGS LIMITED (REGISTERED NUMBER: 03028673) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2018 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| Amounts owed to group undertakings |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary | £1 | 4,800 | 4,800 |