Berkshire Buildings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02890551

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2020

FOR

BERKSHIRE BUILDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R.K.H. Taylor

REGISTERED OFFICE:

1 High Street

Thatcham

Berks

RG19 3JG

REGISTERED NUMBER:

02890551

ACCOUNTANTS:

C B Heslop & Company Limited

Chartered Accountants

1 High Street

Thatcham

Berks

RG19 3JG

FIXED ASSETS

Tangible assets

4

352

459

Investments

5

670

1,022

1,129

CURRENT ASSETS

Stocks

7,400

Debtors

6

75,961

63,966

Cash at bank and in hand

396,216

234,355

479,577

305,721

CREDITORS

Amounts falling due within one year

7

399,244

230,689

NET CURRENT ASSETS

80,333

75,032

TOTAL ASSETS LESS CURRENT
LIABILITIES

81,355

76,161

PROVISIONS FOR LIABILITIES

-

87

NET ASSETS

81,355

76,074

CAPITAL AND RESERVES

Called up share capital

3,000

Retained earnings

8

78,355

73,074

SHAREHOLDERS' FUNDS

81,355

76,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2020 and were signed by:

R.K.H. Taylor - Director

1.	STATUTORY INFORMATION

Berkshire Buildings Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Plant and machinery

-

20% on reducing balance

Office 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 Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Office

machinery

equipment

Totals

£

COST

At 1 February 2019

and 31 January 2020

639

7,468

8,107

DEPRECIATION

At 1 February 2019

471

7,177

7,648

Charge for year

34

73

107

At 31 January 2020

505

7,250

7,755

NET BOOK VALUE

At 31 January 2020

134

218

352

At 31 January 2019

168

291

459

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2019

and 31 January 2020

7,440

PROVISIONS

At 1 February 2019

and 31 January 2020

6,770

NET BOOK VALUE

At 31 January 2020

670

At 31 January 2019

670

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

Trade debtors

75,961

60,849

Other debtors

-

3,117

75,961

63,966

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

Trade creditors

42,531

14,657

Amounts owed to group undertakings

300,502

170,502

Taxation and social security

22,222

14,826

Other creditors

33,989

30,704

399,244

230,689

8.

RESERVES

Retained

earnings

£

At 1 February 2019

73,074

Profit for the year

90,281

Dividends

(85,000

)

At 31 January 2020

78,355

Berkshire Buildings Limited - Accounts to registrar (filleted) - small 18.2

Berkshire Buildings Limited - Accounts to registrar (filleted) - small 18.2