John Bradshaw And Son Limited 31/03/2018 iXBRL
John Bradshaw And Son Limited 31/03/2018 iXBRL
Company registration number:
719614
Unaudited filleted financial statements
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Directors |
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(Resigned 5 August 2018) | ||
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Company number |
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Registered office |
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Business address |
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Accountants |
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Chartered Accountants | |||
18 Neofytou Nicolaidi Avenue | |||
Paphos | |||
8011 | |||
Bankers |
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5th Floor | ||
1 Spinningfields Square | ||
Deansgate | ||
Manchester M3 3AP | ||
Statement of financial position
31 March 2018
2018 | 2017 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 7 |
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Investments | 8 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks | 9 |
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Debtors | 10 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 11 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 12 |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital | 15 |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
27 September 2018
, and are signed on behalf of the board by:
Director
Company registration number:
719614
Statement of changes in equity
Year ended 31 March 2018
Called up share capital | Profit and loss account | Total | |||
£ | £ | £ | |||
At 1 April 2016 |
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Profit for the year |
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Total comprehensive income for the year | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - |
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At 31 March 2017 and 1 April 2017 |
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Profit for the year |
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Total comprehensive income for the year | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - |
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At 31 March 2018 |
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Notes to the financial statements
Year ended 31 March 2018
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Centrepoint, Marshall Stevens Way, Trafford Park, Manchester, M17 1PP.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Foreign currencies
Operating leases
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Motor vehicles | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Hire purchase and finance leases
Provisions
Defined contribution plans
4.
Staff costs
The average number of persons employed by the company during the year amounted to
69
(2017:
69
).
5.
Directors remuneration
The directors aggregate remuneration in respect of qualifying services was:
2018 | 2017 | |||
£ | £ | |||
Remuneration |
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Company contributions to pension schemes in respect of qualifying services |
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6.
Dividends
Equity dividends
2018 | 2017 | |||
£ | £ | |||
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year) |
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7.
Tangible assets
Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | £ | ||
Cost | |||||
At 1 April 2017 |
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Additions | 1,264 | - | 62,002 | 63,266 | |
Disposals | - | - |
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At 31 March 2018 |
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Depreciation | |||||
At 1 April 2017 |
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Charge for the year |
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Disposals | - | - |
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At 31 March 2018 |
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Carrying amount | |||||
At 31 March 2018 |
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At 31 March 2017 |
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8.
Investments
Other investments other than loans | Total | ||
£ | £ | ||
Cost | |||
At 1 April 2017 |
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Additions |
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At 31 March 2018 |
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Impairment | |||
At 1 April 2017 and 31 March 2018 | - | - | |
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Carrying amount | |||
At 31 March 2018 |
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At 31 March 2017 |
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9.
Stocks
2018 | 2017 | |||
£ | £ | |||
Finished goods |
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10.
Debtors
2018 | 2017 | |||
£ | £ | |||
Trade debtors |
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Amounts due from related company |
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Other debtors |
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_______ | _______ | |||
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11.
Creditors: amounts falling due within one year
2018 | 2017 | |||
£ | £ | |||
Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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_______ | _______ | |||
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12.
Creditors: amounts falling due after more than one year
2018 | 2017 | |||
£ | £ | |||
Bank loans and overdrafts | - |
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Other creditors |
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_______ | _______ | |||
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13.
Obligations under finance leases
Company lessee
The total future minimum lease payments under finance lease agreements are as follows:
2018 | 2017 | |||
£ | £ | |||
Not later than 1 year |
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Later than 1 year and not later than 5 years |
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_______ | _______ | |||
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Present value of minimum lease payments |
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14.
Employee benefits
The amount recognised in profit or loss in relation to defined contribution plans was £
31,383
(2017: £
32,362
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15.
Called up share capital
Authorised share capital
2018 | 2017 | ||||||||
No | £ | No | £ | ||||||
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150,000 | 150,000 | 150,000 | 150,000 | |||||
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500 | 500 | 500 | 500 | |||||
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150,500 | 150,500 | 150,500 | 150,500 | ||||||
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Issued, called up and fully paid
2018 | 2017 | ||||||||
No | £ | No | £ | ||||||
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25,000 | 25,000 | 25,000 | 25,000 | |||||
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500 | 500 | 500 | 500 | |||||
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25,500 |
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25,500 |
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_______ | _______ | _______ | _______ | ||||||
16.
Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
£ | £ | |
Not later than 1 year |
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Later than 1 year and not later than 5 years |
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_______ | _______ | |
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17.
Charge on assets
The bank loan is secured by a debenture on the assets of the company.
18.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | |||||
2018 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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_______ | _______ | _______ | _______ | ||
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2017 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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_______ | _______ | _______ | _______ | ||
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19.
Related party transactions
The management charge of £52,909(2017 £46,962) was paid to Clearly Read Limited, which is registered in Cyprus and 100% owned by Mr Bedi,a director of this Company. Various expenses incurred by the Company on behalf of Bradshaws of Leicester Limited have been recharged. The Company sold no vehicles to Bradshaws of Leicester Limited (2017 two at £12000 each).At 31 March 2018 the Company was owed £67,385 (2017 £85,773) from Bradshaws of Leicester Limited.