Bag & Bale Limited - Accounts to registrar (filleted) - small 18.2

Bag & Bale Limited - Accounts to registrar (filleted) - small 18.2

BAG & BALE LIMITED - Company Information

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REGISTERED NUMBER: 04168840 (England and Wales)



















Bag & Bale Limited

Unaudited Financial Statements

for the Year Ended 31 March 2018





Moffat Gilbert
5 Clarendon Place
Leamington Spa
Warwickshire
CV32 5QL








Bag & Bale Limited (Registered number: 04168840)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bag & Bale Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: P A Brown
Ms J A Whittock
E A Smith





REGISTERED OFFICE: Unit 5 Crown Industrial Estate
Crown Road
Warmley
Bristol
Avon
BS30 8JJ





REGISTERED NUMBER: 04168840 (England and Wales)





ACCOUNTANTS: Moffat Gilbert
5 Clarendon Place
Leamington Spa
Warwickshire
CV32 5QL
Page 1
Bag & Bale Limited (Registered number: 04168840)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,838 3,557

CURRENT ASSETS
Stocks 126,193 72,918
Debtors 5 79,309 80,245
Cash at bank 159,968 276,784
365,470 429,947
CREDITORS
Amounts falling due within one year 6 79,576 99,679
NET CURRENT ASSETS 285,894 330,268
TOTAL ASSETS LESS CURRENT
LIABILITIES
288,732
333,825

PROVISIONS FOR LIABILITIES 539 676
NET ASSETS 288,193 333,149

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 288,093 333,049
SHAREHOLDERS' FUNDS 288,193 333,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
Bag & Bale Limited (Registered number: 04168840)

Balance Sheet - continued
31 March 2018


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 Board of Directors on 14 November 2018 and were signed on its behalf
by:





P A Brown - Director


The notes form part of these financial statements

Page 3
Bag & Bale Limited (Registered number: 04168840)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Bag & Bale 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.

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.
Computer equipment - 25% on reducing balance and 20% on reducing balance

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.

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 5 (2017 - 5 ) .

Page 4 continued...
Bag & Bale Limited (Registered number: 04168840)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017
and 31 March 2018 12,964
DEPRECIATION
At 1 April 2017 9,407
Charge for year 719
At 31 March 2018 10,126
NET BOOK VALUE
At 31 March 2018 2,838
At 31 March 2017 3,557

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 68,591 65,184
Amount owed by related parties 10,216 14,649
Prepayments 502 412
79,309 80,245

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade creditors 41,916 20,669
Taxation and social security 24,492 48,732
Other creditors 13,168 30,278
79,576 99,679

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.18 31.3.17
value: £    £   
100 Ordinary £1 100 100

Page 5 continued...
Bag & Bale Limited (Registered number: 04168840)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

8. RESERVES
Retained
earnings
£   

At 1 April 2017 333,049
Profit for the year 10,844
Dividends (55,800 )
At 31 March 2018 288,093

9. RELATED PARTY DISCLOSURES

During the year the company provided goods and services in the amount of £53,536 to Waste Handling Solutions
Limited and received goods and services therefrom in the amount of £11,030. The director P A Brown has an
interest in both companies. The amount owed at the year end by Waste Handling Solutions Limited to the
company was £9,806 (2017 £14,121).
The company also provided goods and services in the amount of £2,470 to Balecom Limited in the year. The
director P A Brown has an interest in both companies. The amount owed at the year end by Balecom Limited to
the company was £410 (2017 £528).
The director P A Brown is also a director of WHS (Environmental) Limited. The company sold goods to this
business in the year in the amount of £785, there was no balance owed by the business to the company at the year
end (2017 £Nil).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is the director, P A Brown.

Page 6