Brecknor Limited - Period Ending 2018-07-31

Registration number: 08424111

Brecknor Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 March 2017 to 31 July 2018

Brecknor Limited

Contents

 

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 5

Brecknor Limited

Registration number: 08424111

Balance Sheet as at 31 July 2018

	Note	2018 £	2017 £
Current assets
Debtors	3	4,161	6,024
Cash at bank and in hand		3,789	3,062
		7,950	9,086
Creditors: Amounts falling due within one year	4	(6,055)	(7,275)
Net assets		1,895	1,811
Capital and reserves
Called up share capital		100	100
Profit and loss account		1,795	1,711
Total equity		1,895	1,811

The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 1

Brecknor Limited

Registration number: 08424111

Balance Sheet as at 31 July 2018 (continued)

For the financial period ending 31 July 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 28 February 2019
 

J P Bone

Director

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 2

Brecknor Limited

Notes to the Financial Statements for the Period from 1 March 2017 to 31 July 2018

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wymondham Business Centre
1 Town Green
Wymondham
Norfolk
NR18 0PN
England

The principal place of business is:
Unit 3
251 Holt Road
Horsford
Norwich
Norfolk
NR10 3EB

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Page 3

Brecknor Limited

Notes to the Financial Statements for the Period from 1 March 2017 to 31 July 2018 (continued)

2	Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

3

Debtors

	2018 £	2017 £
Trade debtors	4,161	6,024
Total current trade and other debtors	4,161	6,024

Page 4

Brecknor Limited

Notes to the Financial Statements for the Period from 1 March 2017 to 31 July 2018 (continued)

4

Creditors

Creditors: amounts falling due within one year

	Note	2018 £	2017 £
Due within one year
Trade creditors		-	599
Directors loan account	6	78	78
Taxation and social security		997	958
Other creditors		4,980	5,640
		6,055	7,275

5	Share capital

Allotted, called up and fully paid shares

	2018		2017
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

6	Related party transactions

Summary of transactions with entities with joint control or significant interest

At 31st July 2018 the company owed Norfolk Precision Engineering Ltd, a company under the control of Mr J Bone, £4,500 (2017 - £4,500). The loan is interest free and repayable on demand.
 

Page 5