Bramwell-Griffiths Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04497339 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2019

FOR

BRAMWELL-GRIFFITHS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mr A N Griffiths

Mrs L D Bramwell -Griffiths

Registered office:

1 Park Street

Lytham

Lytham St. Annes

Lancashire

FY8 5LU

Registered number:

04497339 (England and Wales)

Accountants:

NR Barton

19-21 Bridgeman Terrace

Wigan

Lancashire

WN1 1TD

FIXED ASSETS

Tangible assets

4

4,980

5,788

CURRENT ASSETS

Stocks

33,750

32,640

Debtors

5

24,552

3,055

Cash at bank

11,693

15,135

69,995

50,830

CREDITORS

Amounts falling due within one year

6

74,448

53,637

NET CURRENT LIABILITIES

(4,453

)

(2,807

)

TOTAL ASSETS LESS CURRENT LIABILITIES

527

2,981

PROVISIONS FOR LIABILITIES

7

425

537

NET ASSETS

102

2,444

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

2

2,344

SHAREHOLDERS' FUNDS

102

2,444

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 and authorised for issue on 29 June 2020 and were signed on its behalf by:

Mr A N Griffiths - Director

1.	STATUTORY INFORMATION

Bramwell-Griffiths 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 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.

Improvements to property

-

not provided

Fixtures and fittings

-

20% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

At 1 August 2018

and 31 July 2019

1,749

64,322

66,071

DEPRECIATION

At 1 August 2018

-

60,283

60,283

Charge for year

-

808

808

At 31 July 2019

-

61,091

61,091

NET BOOK VALUE

At 31 July 2019

1,749

3,231

4,980

At 31 July 2018

1,749

4,039

5,788

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Other debtors

24,552

3,055

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Trade creditors

28,062

12,950

Taxation and social security

42,786

26,883

Other creditors

3,600

13,804

74,448

53,637

7.	PROVISIONS FOR LIABILITIES

31.7.19

31.7.18

£

£

Deferred tax

425

537

Deferred

tax

£

Balance at 1 August 2018

537

Credit to Statement of Income and Retained Earnings during year

(112

)

Balance at 31 July 2019

425

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.19

31.7.18

value:

£

£

100

Ordinary

£1

100

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2019 and 31 July 2018:

31.7.19

31.7.18

£

£

Mrs L D Bramwell -Griffiths and Mr A N Griffiths

Balance outstanding at start of year

(297

)

(3,597

)

Amounts advanced

38,885

15,300

Amounts repaid

(23,000

)

(12,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15,588

(297

)