Bradley Rhodes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03957497 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

BRADLEY RHODES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D A Rhodes

Mrs J K Cresswell

SECRETARY:

A E Rhodes

REGISTERED OFFICE:

Beechcroft House

50 Sedgley Road West

Tipton

West Midlands

DY4 8AB

REGISTERED NUMBER:

03957497 (England and Wales)

ACCOUNTANTS:

Bradley Rhodes Limited

Accountants & Tax Advisers

Beechcroft House

50 Sedgley Road West

Tipton

West Midlands

DY4 8AB

BANKERS:

Lloyds Bank plc

PO Box 46

The Bridge

Walsall

West Midlands

WS1 1LU

FIXED ASSETS

Tangible assets

4

34,575

43,347

CURRENT ASSETS

Stocks

55,138

66,661

Debtors

5

124,608

142,179

Cash at bank and in hand

100,994

39,768

280,740

248,608

CREDITORS

Amounts falling due within one year

6

197,024

182,050

NET CURRENT ASSETS

83,716

66,558

TOTAL ASSETS LESS CURRENT LIABILITIES

118,291

109,905

CREDITORS

Amounts falling due after more than one year

7

(34,082

)

(38,834

)

PROVISIONS FOR LIABILITIES

(3,377

)

-

NET ASSETS

80,832

71,071

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

80,732

70,971

SHAREHOLDERS' FUNDS

80,832

71,071

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 November 2018 and were signed on its behalf by:

Mrs J K Cresswell - Director

D A Rhodes - Director

1.	STATUTORY INFORMATION

Bradley Rhodes 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at sales price in accordance with Financial Reporting Standard 5. This is in line with

previous years.

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

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 profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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 6 (2017 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

66,352

Additions

2,230

At 31 March 2018

68,582

DEPRECIATION

At 1 April 2017

23,005

Charge for year

11,002

At 31 March 2018

34,007

NET BOOK VALUE

At 31 March 2018

34,575

At 31 March 2017

43,347

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

28,375

DEPRECIATION

At 1 April 2017

583

Charge for year

6,948

At 31 March 2018

7,531

NET BOOK VALUE

At 31 March 2018

20,844

At 31 March 2017

27,792

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

72,456

90,188

Other debtors

52,152

51,991

124,608

142,179

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

2,400

2,400

Hire purchase contracts

3,180

3,180

Trade creditors

3,410

3,353

Taxation and social security

49,971

44,004

Other creditors

138,063

129,113

197,024

182,050

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

14,650

16,221

Hire purchase contracts

19,432

22,613

34,082

38,834

2018

2017

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,650

4,221