Brontide Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05362993 (England and Wales)

Brontide Limited

Unaudited Financial Statements for the Year Ended 28 February 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N McEvilly

Mrs C McEvilly

SECRETARY:

Mrs C McEvilly

REGISTERED OFFICE:

2nd Floor Curzon House

24 High Street

Banstead

Surrey

SM7 2LJ

REGISTERED NUMBER:

05362993 (England and Wales)

ACCOUNTANTS:

Langdon West Williams PLC

Curzon House 2nd Floor

24 High Street

Banstead

Surrey

SM7 2LJ

FIXED ASSETS

Tangible assets

4

69,607

74,227

CURRENT ASSETS

Stocks

7,423

7,650

Debtors

5

365,089

335,819

Cash at bank and in hand

66,724

76,008

439,236

419,477

CREDITORS

Amounts falling due within one year

6

172,289

208,716

NET CURRENT ASSETS

266,947

210,761

TOTAL ASSETS LESS CURRENT LIABILITIES

336,554

284,988

PROVISIONS FOR LIABILITIES

13,226

14,103

NET ASSETS

323,328

270,885

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

2,912

2,912

Retained earnings

320,316

267,873

SHAREHOLDERS' FUNDS

323,328

270,885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 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 applicable to companies subject to the small companies regime.

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 18 November 2019 and were signed on its behalf by:

N McEvilly - Director

1.	STATUTORY INFORMATION

Brontide 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.

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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

In the application of the company's accounting policies, which are described in note 1, the directors are

required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities

that are not readily apparent from other sources. The estimates and associated assumptions are based on

historical experience and knowledge of the business and other factors that are considered to be relevant.

Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting

estimates are recognised in the period in which the estimate is revised if the revision affects only that period,

or in the period of the revision and future period if the revision affects both current and future periods.

The key areas are summarised below:

Depreciation

The company exercises judgement to determine useful lives and residual values of tangible fixed assets. The

assets are depreciated down to their estimated residual values over their estimated useful lives.

Provision for trade debtors

Provisions have been made for potential trade debtors which will not be collected. This provision is an

estimate based on the group's understanding, knowledge and historic trends.

Stock

Provisions are made where necessary to ensure that stock is stated at the lower of cost and net realisable

value. This provision is an estimate based on the company's understanding of its future needs, knowledge and

historic trends.

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

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Financial instruments

Basic financial instruments are initially recognised at transaction value and subsequently measured at the

settlement value with the exception of bank loans which are subsequently measured at amortised cost using

the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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 13 (2018 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2018

33,100

64,309

34,329

131,738

Additions

3,789

16,845

215

20,849

Disposals

-

(16,288

)

-

(16,288

)

At 28 February 2019

36,889

64,866

34,544

136,299

DEPRECIATION

At 1 March 2018

23,639

23,780

10,092

57,511

Charge for year

5,030

8,257

9,615

22,902

Eliminated on disposal

-

(13,721

)

-

(13,721

)

At 28 February 2019

28,669

18,316

19,707

66,692

NET BOOK VALUE

At 28 February 2019

8,220

46,550

14,837

69,607

At 28 February 2018

9,461

40,529

24,237

74,227

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

185,378

140,584

Amounts recoverable on contract

168,439

183,620

Other debtors

11,272

11,615

365,089

335,819

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

55,915

68,018

Taxation and social security

46,585

100,202

Other creditors

69,789

40,496

172,289

208,716

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2019

2018

£

£

Within one year

3,375

3,375

8.	ULTIMATE CONTROLLING PARTY