B&C Ceramics Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07562680 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

B&C Ceramics Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B E Lowe

Mrs C L Lowe

REGISTERED OFFICE:

8th Floor Connect Centre

Kingston Crescent

Portsmouth

Hampshire

PO2 8QL

REGISTERED NUMBER:

07562680 (England and Wales)

ACCOUNTANTS:

Jelliff Lamprey Partnership Limited

8th Floor

Connect Centre

Kingston Crescent

Portsmouth

Hampshire

PO2 8QL

FIXED ASSETS

Tangible assets

4

4,105

5,806

CURRENT ASSETS

Debtors

5

7,507

6,118

Cash at bank and in hand

4,560

1,921

12,067

8,039

CREDITORS

Amounts falling due within one year

6

4,614

3,352

NET CURRENT ASSETS

7,453

4,687

TOTAL ASSETS LESS CURRENT LIABILITIES

11,558

10,493

CREDITORS

Amounts falling due after more than one year

7

(8,622

)

(9,500

)

PROVISIONS FOR LIABILITIES

-

(4,318

)

NET ASSETS/(LIABILITIES)

2,936

(3,325

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,934

(3,327

)

SHAREHOLDERS' FUNDS

2,936

(3,325

)

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 29 November 2018 and were signed on its behalf by:

Mrs C L Lowe - Director

1.	STATUTORY INFORMATION

B&C Ceramics Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue

Turnover represents the amount derived from ordinary activities, stated after trade discounts, value added tax and

any other sales taxes, where applicable. Turnover is the value of goods provided to customers during the year.

Turnover is recognised on sale of goods when goods are delivered to customers and the title, risks and rewards of

ownership have transferred to them.

Tangible fixed assets

Items of property, plant and equipment are stated at cost of acquisition cost less accumulated depreciation.

Depreciation is charged at 25% on cost.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as

either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a

residual interest in the assets of the company after deducting all of its liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price

including transaction costs and subsequently measured at amortised cost using the effective interest method.

Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price. Financial

liabilities classified as payable within one year are not amortised.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends

payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

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 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

28,068

Additions

1,973

At 31 March 2018

30,041

DEPRECIATION

At 1 April 2017

22,262

Charge for year

3,674

At 31 March 2018

25,936

NET BOOK VALUE

At 31 March 2018

4,105

At 31 March 2017

5,806

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

as restated

£

£

Trade debtors

5,647

1,000

Other debtors

1,860

5,118

7,507

6,118

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

as restated

£

£

Trade creditors

3,140

2,106

Taxation and social security

665

596

Other creditors

809

650

4,614

3,352

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

as restated

£

£

Other creditors

8,622

9,500