R W Brickwork Limited Filleted accounts for Companies House (small and micro)

R W BRICKWORK LIMITED - Company Information

false false false false false false false false false true false false false false false false false No description of principal activity 2017-07-01 Sage Accounts Production Advanced 2018 Update 1 - FRS 44,655 12,252 8,102 20,354 24,301 32,403 xbrli:pure xbrli:shares iso4217:GBP 09072436 2017-07-01 2018-06-30 09072436 2018-06-30 09072436 2017-06-30 09072436 2016-07-01 2017-06-30 09072436 2017-06-30 09072436 core:MotorVehicles 2017-07-01 2018-06-30 09072436 bus:Director1 2017-07-01 2018-06-30 09072436 bus:Director2 2017-07-01 2018-06-30 09072436 core:MotorVehicles 2017-06-30 09072436 core:MotorVehicles 2018-06-30 09072436 core:WithinOneYear 2018-06-30 09072436 core:WithinOneYear 2017-06-30 09072436 core:AfterOneYear 2018-06-30 09072436 core:AfterOneYear 2017-06-30 09072436 core:ShareCapital 2018-06-30 09072436 core:ShareCapital 2017-06-30 09072436 core:RetainedEarningsAccumulatedLosses 2018-06-30 09072436 core:RetainedEarningsAccumulatedLosses 2017-06-30 09072436 core:MotorVehicles 2017-06-30 09072436 bus:SmallEntities 2017-07-01 2018-06-30 09072436 bus:AuditExempt-NoAccountantsReport 2017-07-01 2018-06-30 09072436 bus:FullAccounts 2017-07-01 2018-06-30 09072436 bus:SmallCompaniesRegimeForAccounts 2017-07-01 2018-06-30 09072436 bus:PrivateLimitedCompanyLtd 2017-07-01 2018-06-30

COMPANY REGISTRATION NUMBER: 09072436

R W BRICKWORK LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 June 2018

R W BRICKWORK LIMITED

STATEMENT OF FINANCIAL POSITION

30 June 2018

	2018		2017
Note	£	£	£	£

FIXED ASSETS

Tangible assets	4		24,301		32,403

CURRENT ASSETS

Stocks		250,000	124,085
Debtors	5	196,863	240,227
Cash at bank and in hand		298,828	80,368
		----------	----------
		745,691	444,680

CREDITORS: amounts falling due within one year	6	487,352		364,977
		----------		----------
NET CURRENT ASSETS			258,339		79,703
			----------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES			282,640		112,106

CREDITORS: amounts falling due after more than one year	7	14,743	21,678
		----------	----------
NET ASSETS		267,897	90,428
		----------	----------

CAPITAL AND RESERVES

Called up share capital	2	2
Profit and loss account	267,895	90,426
	----------	---------
SHAREHOLDERS FUNDS	267,897	90,428
	----------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- 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 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

R W BRICKWORK LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 June 2018

These financial statements were approved by the board of directors and authorised for issue on 24 September 2018 , and are signed on behalf of the board by:

Mr R Broughton	Mr W Hickling
Director	Director

Company registration number: 09072436

R W BRICKWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2018

1. General information

The company is a private company limited by shares, registered in . The address of the registered office is 1 Derby Road, Eastwood, Nottingham, NG16 3PA.

2. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

	Motor vehicles	-	25% reducing balance

Impairment of fixed assets

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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2017: 11 ).

4. Tangible assets

	Motor vehicles
	£
Cost
At 1 July 2017 and 30 June 2018	44,655
	---------
Depreciation
At 1 July 2017	12,252
Charge for the year	8,102
	---------
At 30 June 2018	20,354
	---------
Carrying amount
At 30 June 2018	24,301
	---------
At 30 June 2017	32,403
	---------

5. Debtors

	2018	2017
	£	£
Trade debtors	180,331	186,058
Other debtors	16,532	54,169
	----------	----------
	196,863	240,227
	----------	----------

6. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	110,679	90,987
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	61,279
Corporation tax	97,226	16,749
Social security and other taxes	53,641	47,017
Other creditors 1 - desc in a/cs	–	14,210
Other creditors	225,806	134,735
	----------	----------
	487,352	364,977
	----------	----------

7. Creditors: amounts falling due after more than one year

	2018	2017
	£	£
Other creditors	14,743	21,678
	---------	---------

8. Directors' advances, credits and guarantees

Included within creditors is an amount owing to the directors of £217,771 (2017: £106,400). This amount is interest free, unsecured and repayable upon demand.