Blucon Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09863247 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2018

for

Blucon Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M E Whitehouse

S J Whitehouse

REGISTERED OFFICE:

The Pump House

Lyndons Farm

Poolhead Lane, Earlswood

Solihull

West Midlands

B94 5ES

REGISTERED NUMBER:

09863247 (England and Wales)

ACCOUNTANTS:

NSE Tax Limited

3 Blackwell Road

Barnt Green

Worcestershire

B45 8BT

FIXED ASSETS

Tangible assets

4

19,659

25,020

Investments

5

104

104

19,763

25,124

CURRENT ASSETS

Stocks

370,000

-

Debtors

6

1,116,763

757,900

Cash at bank

131,379

128,559

1,618,142

886,459

CREDITORS

Amounts falling due within one year

7

1,524,254

791,509

NET CURRENT ASSETS

93,888

94,950

TOTAL ASSETS LESS CURRENT LIABILITIES

113,651

120,074

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

112,651

119,074

SHAREHOLDERS' FUNDS

113,651

120,074

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 3 December 2018 and were signed on its behalf by:

S J Whitehouse - Director

1.	STATUTORY INFORMATION

Blucon Group 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.

Plant and machinery etc

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport,

and handling costs in bringing stocks to their present location and condition.

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 84 (2017 - 75 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2017

and 31 July 2018

26,807

DEPRECIATION

At 1 August 2017

1,787

Charge for year

5,361

At 31 July 2018

7,148

NET BOOK VALUE

At 31 July 2018

19,659

At 31 July 2017

25,020

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 August 2017

and 31 July 2018

104

NET BOOK VALUE

At 31 July 2018

104

At 31 July 2017

104

The company's investments at the Balance Sheet date in the share capital of companies

include the following:

Blucon Environmental Limited

Registered office:

Nature of business:

%

Class of shares:

holding

Ordinary

100.00

Blucon Demolition Limited

Registered office:

Nature of business:

%

Class of shares:

holding

Ordinary

100.00

Blucon Plant Limited

Registered office:

Nature of business:

%

Class of shares:

holding

Ordinary

100.00

Blucon Civil Engineering Limited

Registered office:

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Trade debtors

621,781

652,727

Amounts owed by group undertakings

4,069

-

Amounts receivable in respect of finance leases

477,548

-

Other debtors

13,365

105,173

1,116,763

757,900

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Trade creditors

486,770

202,382

Amounts owed to group undertakings

390,627

347,059

Taxation and social security

496,060

176,996

Other creditors

150,797

65,072

1,524,254

791,509

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 July 2018 the company owes the directors £693 (2017 - directors owe the

company £29,306).

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £71,400 (2017 - £10,000) were paid to the directors .

Included in creditors is £350,864 due to Blucon Plant Limited (2017 - £287,489), and

£39,762 due to Blucon Environmental Limited (2017 - £23,570).

Included in debtors is £4,069 due from Blucon Demolition Limited (2017 - creditor £36,000).

10.	ULTIMATE CONTROLLING PARTY

The controlling party of the company is Mr S Whitehouse and Mrs M Whitehouse due to

their interest in the majority of the issued share capital.