Borditt and Legitt Ltd,Ltd - AccountsLtd - Accounts

Borditt and Legitt Ltd,Ltd - AccountsLtd - Accounts

BORDITT AND LEGITT LTD - Company Information

Print Friendly Version

2017-09-01 02945766 2018-08-31 02945766 2017-09-01 2018-08-31 02945766 2017-08-31 02945766 2016-09-01 2017-08-31 02945766 uk-core:WithinOneYear 2017-08-31 02945766 uk-core:WithinOneYear 2018-08-31 02945766 uk-core:ShareCapital 2018-08-31 02945766 uk-core:ShareCapital 2017-08-31 02945766 uk-core:RetainedEarningsAccumulatedLosses 2018-08-31 02945766 uk-core:RetainedEarningsAccumulatedLosses 2017-08-31 02945766 uk-bus:Director1 2017-09-01 2018-08-31 02945766 uk-core:CommercialMotorVehicles 2017-08-31 02945766 uk-core:PlantMachinery 2017-08-31 02945766 uk-core:CommercialMotorVehicles 2017-09-01 2018-08-31 02945766 uk-core:PlantMachinery 2017-09-01 2018-08-31 02945766 uk-core:PlantMachinery 2018-08-31 02945766 uk-core:CommercialMotorVehicles 2018-08-31 iso4217:GBP 02945766 uk-bus:AuditExemptWithAccountantsReport 2017-09-01 2018-08-31 02945766 uk-bus:FRS102 2017-09-01 2018-08-31 02945766 uk-bus:FullAccounts 2017-09-01 2018-08-31 02945766 uk-bus:PrivateLimitedCompanyLtd 2017-09-01 2018-08-31
Borditt and Legitt Ltd
Registered Number:02945766
For the year ended 31 August 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2018
Borditt and Legitt Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 August 2018
Borditt and Legitt Ltd
Statement of Financial Position
Registered Number :
02945766
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
4,056
3,227
2
4,056
3,227
Current assets
Inventories
4,046
2,046
3
Trade and other receivables
1,144
1,144
4
4,111
Cash and cash equivalents
18,128
21,318
9,301
Trade and other payables: amounts falling due within one
year
(6,316)
(31,713)
5
2,985
(10,395)
Net current liabilities
Total assets less current liabilities
(6,339)
6,212
(6,339)
Net assets/liabilities
6,212
Capital and reserves
Called up share capital
100
100
Retained earnings
(6,439)
6,112
(6,339)
6,212
Shareholders' funds
For the year ended 31 August 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Josephine Truman Director
These financial statements were approved and authorised for issue by the Board on 06 March 2019 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 August 2018
Borditt and Legitt Ltd
Notes to the Financial Statements
Statutory Information
Borditt and Legitt Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 02945766.
Registered address:
Suite 1 & 2, Hagley Golf & Country Club
Wassell Grove Lane
Hagley
West Midlands
DY9 9LY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 September 2017
3,227
-
3,227
829
829
-
Additions
At 31 August 2018
3,227
829
4,056
At 31 August 2018
Net book value
3,227
829
4,056
At 31 August 2017
3,227
-
3,227
2 of 3
5
For the year ended 31 August 2018
Borditt and Legitt Ltd
Notes to the Financial Statements Continued
3. Inventories
2017
2018
£
£
Stocks
2,046
4,046
4. Trade and other receivables
2017
2018
£
£
Trade debtors
1,144
1,144
5. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Trade creditors
-
1
Taxation and social security
6,026
2,628
Other creditors
25,687
3,687
31,713
6,316
3 of 3