Bradwell (Belton) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04137474 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2014

for

Bradwell (Belton) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S Bradwell

M Bradwell

Mrs J L Bradwell

REGISTERED OFFICE:

Westerley House Farm

Carrhouse Road

Belton

Doncaster

South Yorkshire

DN9 1PG

REGISTERED NUMBER:

04137474 (England and Wales)

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

348,497

404,795

348,497

404,795

CURRENT ASSETS

Stocks

18,240

11,341

Debtors

722,918

598,660

Cash at bank and in hand

64,722

119,775

805,880

729,776

CREDITORS

Amounts falling due within one year

4

205,824

182,961

NET CURRENT ASSETS

600,056

546,815

TOTAL ASSETS LESS CURRENT LIABILITIES

948,553

951,610

CREDITORS

Amounts falling due after more than one year

4

(47,329

)

(79,640

)

PROVISIONS FOR LIABILITIES

(67,033

)

(67,149

)

NET ASSETS

834,191

804,821

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

834,091

804,721

SHAREHOLDERS' FUNDS

834,191

804,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 5 November 2014 and were signed on its behalf by:

S Bradwell - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

50,000

AMORTISATION

At 1 July 2013

and 30 June 2014

50,000

NET BOOK VALUE

At 30 June 2014

-

At 30 June 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

1,067,362

Additions

69,086

Disposals

(182,733

)

At 30 June 2014

953,715

DEPRECIATION

At 1 July 2013

662,567

Charge for year

98,171

Eliminated on disposal

(155,520

)

At 30 June 2014

605,218

NET BOOK VALUE

At 30 June 2014

348,497

At 30 June 2013

404,795

4.

CREDITORS

Creditors include an amount of £ 91,408 (2013 - £ 129,952 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

6.	ULTIMATE PARENT COMPANY

Bradwell (Belton) Holdings Limited is regarded by the directors as being the company's ultimate parent

company.