Bignall Group Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01249631 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

BIGNALL GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R Bignall

O Bignall

F A Sand

SECRETARY:

J R Bignall

REGISTERED OFFICE:

Butler House

Haughton Green

Darlington

County Durham

DL1 2DD

REGISTERED NUMBER:

01249631 (England and Wales)

ACCOUNTANTS:

McCready Page Accountants

511 Durham Road

Low Fell

Gateshead

Tyne and Wear

NE9 5EY

FIXED ASSETS

Intangible assets

4

10,444

13,936

Tangible assets

5

460,666

474,514

Investments

6

87,879

70,937

558,989

559,387

CURRENT ASSETS

Stocks

525,758

602,036

Debtors

7

636,919

556,794

Cash at bank and in hand

624,734

534,483

1,787,411

1,693,313

CREDITORS

Amounts falling due within one year

8

549,701

410,209

NET CURRENT ASSETS

1,237,710

1,283,104

TOTAL ASSETS LESS CURRENT LIABILITIES

1,796,699

1,842,491

PROVISIONS FOR LIABILITIES

91,683

90,340

NET ASSETS

1,705,016

1,752,151

CAPITAL AND RESERVES

Called up share capital

9

54,200

54,200

Share premium

36,000

36,000

Capital redemption reserve

127,075

127,075

Retained earnings

1,487,741

1,534,876

SHAREHOLDERS' FUNDS

1,705,016

1,752,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 January 2018 and were signed on its behalf by:

J R Bignall - Director

1.	STATUTORY INFORMATION

Bignall Group 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 the provisions of Section 1A "Small Entities" 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 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

10% - 33% on cost

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Deferred government grants

Government grants in respect of capital expenditure are treated as deferred income and are credited to the profit

and loss account over the estimated useful economic life of the assets to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2016

and 30 April 2017

69,796

AMORTISATION

At 1 May 2016

55,860

Charge for year

3,492

At 30 April 2017

59,352

NET BOOK VALUE

At 30 April 2017

10,444

At 30 April 2016

13,936

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2016

17,300

1,227,243

1,244,543

Additions

-

86,052

86,052

Disposals

-

(17,919

)

(17,919

)

At 30 April 2017

17,300

1,295,376

1,312,676

DEPRECIATION

At 1 May 2016

17,300

752,729

770,029

Charge for year

-

88,999

88,999

Eliminated on disposal

-

(7,018

)

(7,018

)

At 30 April 2017

17,300

834,710

852,010

NET BOOK VALUE

At 30 April 2017

-

460,666

460,666

At 30 April 2016

-

474,514

474,514

6.	FIXED ASSET INVESTMENTS

30/4/17

30/4/16

£

£

Shares in group undertakings

10,064

10,064

Other investments not loans

77,815

60,873

87,879

70,937

Additional information is as follows:

Shares in

group

undertakings

£

COST

At 1 May 2016

and 30 April 2017

10,064

NET BOOK VALUE

At 30 April 2017

10,064

At 30 April 2016

10,064

Investments (neither listed nor unlisted) were as follows:

30/4/17

30/4/16

£

£

Other

60,873

68,179

Investment revaluation

14,068

(9,251

)

Investment income

2,874

1,945

77,815

60,873

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/17

30/4/16

£

£

Trade debtors

611,434

520,695

Other debtors

25,485

36,099

636,919

556,794

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/17

30/4/16

£

£

Trade creditors

170,686

164,863

Amounts owed to group undertakings

173,306

132,146

Taxation and social security

156,657

35,341

Other creditors

49,052

77,859

549,701

410,209

9.	CALLED UP SHARE CAPITAL

Allotted and issued

Nominal

30.4.15

30.4.14

Number

Class

value

£

£

4,000

B Ordinary

£1

4,000

4,000

200

C Ordinary

£1

200

200

15,000

D Ordinary

£1

15,200

15,200

15,000

E Ordinary

£1

15,000

15,000

12,500

F Ordinary

£1

12,500

12,500

7,500

G Ordinary

£1

7,500

7,500

54,400

54,400

10.	RELATED PARTY DISCLOSURES

JR Bignall Pension Scheme

The company occupies premises owned by the pension scheme. Rent amounting to £35,750 was paid during the

year.

Co-B-Tech UK Limited & Masterlube Systems Limited

At the year end, the company owed £100 to Co-B-Tech UK Limited and £1,000 to Masterlube Systems Limited.

Bignall Lubritec Inc

At the year end, the company owed £172,206 to Bignall Lubritec Inc.

Other interest

Other creditors includes £85,000 owing to Henry Hall Limited by the company. Messrs J and O Bignall are

both directors and shareholders in Henry Hall Limited.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors acting in concert.