Nottingham Breakdown Limited - Accounts to registrar (filleted) - small 18.2

Nottingham Breakdown Limited - Accounts to registrar (filleted) - small 18.2

NOTTINGHAM BD LIMITED - Company Information

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REGISTERED NUMBER: 05164571 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2019

for

Nottingham Breakdown Limited
Nottingham Breakdown Limited (Registered number: 05164571)






Contents of the Financial Statements
for the Year Ended 30 September 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nottingham Breakdown Limited

Company Information
for the Year Ended 30 September 2019







DIRECTORS: Mr D Smith
Mr M Rudkin
Ms L M Harris
Mrs J Smith





SECRETARY: Mr D Smith





REGISTERED OFFICE: 1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 05164571 (England and Wales)





ACCOUNTANTS: Franklin Underwood
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS
Page 1
Nottingham Breakdown Limited (Registered number: 05164571)

Balance Sheet
30 September 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 450,534 442,240
450,534 442,240

CURRENT ASSETS
Stocks 6,518 6,393
Debtors 6 184,131 194,504
Cash at bank and in hand 69,012 141,003
259,661 341,900
CREDITORS
Amounts falling due within one year 7 134,890 147,667
NET CURRENT ASSETS 124,771 194,233
TOTAL ASSETS LESS CURRENT
LIABILITIES
575,305
636,473

CREDITORS
Amounts falling due after more than one
year
8
(168,008
)
(204,108
)

PROVISIONS FOR LIABILITIES (36,057 ) (34,647 )
NET ASSETS 371,240 397,718

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 371,140 397,618
SHAREHOLDERS' FUNDS 371,240 397,718

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these financial statements

Page 2 continued...
Nottingham Breakdown Limited (Registered number: 05164571)

Balance Sheet - continued
30 September 2019


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 21 February 2020 and were signed on its behalf
by:





Mr D Smith - Director


The notes form part of these financial statements

Page 3
Nottingham Breakdown Limited (Registered number: 05164571)

Notes to the Financial Statements
for the Year Ended 30 September 2019

1. STATUTORY INFORMATION

Nottingham Breakdown 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 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

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.
Freehold property - no depreciation charged
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

Page 4 continued...
Nottingham Breakdown Limited (Registered number: 05164571)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2019

2. ACCOUNTING POLICIES - continued

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 19 (2018 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2018
and 30 September 2019 46,512
AMORTISATION
At 1 October 2018
and 30 September 2019 46,512
NET BOOK VALUE
At 30 September 2019 -
At 30 September 2018 -

Page 5 continued...
Nottingham Breakdown Limited (Registered number: 05164571)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2019

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2018 238,430 22,482 19,460
At 30 September 2019 238,430 22,482 19,460
DEPRECIATION
At 1 October 2018 - 20,168 16,370
Charge for year - 578 772
Eliminated on disposal - - -
At 30 September 2019 - 20,746 17,142
NET BOOK VALUE
At 30 September 2019 238,430 1,736 2,318
At 30 September 2018 238,430 2,314 3,090

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2018 570,126 10,327 860,825
Additions 89,700 - 89,700
Disposals (64,700 ) - (64,700 )
At 30 September 2019 595,126 10,327 885,825
DEPRECIATION
At 1 October 2018 373,137 8,910 418,585
Charge for year 68,995 354 70,699
Eliminated on disposal (53,993 ) - (53,993 )
At 30 September 2019 388,139 9,264 435,291
NET BOOK VALUE
At 30 September 2019 206,987 1,063 450,534
At 30 September 2018 196,989 1,417 442,240

Page 6 continued...
Nottingham Breakdown Limited (Registered number: 05164571)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2019

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2018
and 30 September 2019 138,109
DEPRECIATION
At 1 October 2018 60,422
Charge for year 19,422
At 30 September 2019 79,844
NET BOOK VALUE
At 30 September 2019 58,265
At 30 September 2018 77,687

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 94,674 105,517
Other debtors 78 94
Directors' loan accounts 80,047 81,701
Prepayments 9,332 7,192
184,131 194,504

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 8,657 8,332
Hire purchase contracts 28,324 26,966
Trade creditors 24,257 20,200
Tax 24,422 36,668
Social security and other taxes 8,771 9,796
VAT 37,709 38,463
Other creditors - 248
Accruals and deferred income 2,750 6,994
134,890 147,667

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Bank loans 122,010 129,917
Hire purchase contracts 45,998 74,191
168,008 204,108

Page 7 continued...
Nottingham Breakdown Limited (Registered number: 05164571)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2019

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2019 and
30 September 2018:

2019 2018
£    £   
Mr D Smith
Balance outstanding at start of year 21,954 21,987
Amounts advanced 34,376 32,609
Amounts repaid (34,279 ) (32,642 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,051 21,954

Mr M Rudkin
Balance outstanding at start of year 7,223 9,654
Amounts advanced 33,849 30,166
Amounts repaid (34,284 ) (32,597 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,788 7,223

Mrs J Smith
Balance outstanding at start of year 33,815 32,305
Amounts advanced 34,564 33,910
Amounts repaid (34,200 ) (32,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,179 33,815

Ms L M Harris
Balance outstanding at start of year 18,708 21,435
Amounts advanced 32,521 30,094
Amounts repaid (34,200 ) (32,821 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,029 18,708

The director's loan account was repaid within nine months of the year end. Interest was charged on the
overdrawn director's loan account at HM Revenue & Customs official rate of interest during the year being 2.5%
per annum.

Page 8