Birchington Parlour Ltd - Limited company accounts 18.2

REGISTERED NUMBER: 08775378 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 30 November 2017

for

Birchington Parlour Ltd

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

G Smith

SECRETARY:

REGISTERED OFFICE:

Unit C3

Knights Park Industrial Estate

Knight Road

Rochester

Kent

ME2 2LS

REGISTERED NUMBER:

08775378 (England and Wales)

ACCOUNTANTS:

I.B.C.

Unit C3 Knights Park Industrial Estate,

Knight Road,

Rochester,

Kent,

ME2 2LS.

The director presents his report with the financial statements of the company for the year ended 30 November 2017.

DIRECTOR

G Smith held office during the whole of the period from 1 December 2016 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

G Smith - Director

1 August 2018

TURNOVER

77,959

82,045

Cost of sales

47,026

53,131

GROSS PROFIT

30,933

28,914

Administrative expenses

25,975

29,188

OPERATING PROFIT/(LOSS)

4,958

(274

)

Interest receivable and similar income

5

1

PROFIT/(LOSS) BEFORE TAXATION

4,963

(273

)

Tax on profit/(loss)

625

-

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

4,338

(273

)

FIXED ASSETS

Investments

4

64

CURRENT ASSETS

Stocks

1,000

2,000

Investments

5

15,000

Cash at bank and in hand

9,642

7,020

25,642

24,020

CREDITORS

Amounts falling due within one year

6

22,998

25,714

NET CURRENT ASSETS/(LIABILITIES)

2,644

(1,694

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,708

(1,630

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

2,608

(1,730

)

SHAREHOLDERS' FUNDS

2,708

(1,630

)

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

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

The financial statements were approved by the director on 1 August 2018 and were signed by:

G Smith - Director

1.	STATUTORY INFORMATION

Birchington Parlour Ltd 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.

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 4 .

4.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

30.11.17

30.11.16

£

Formation Costs

64

5.	CURRENT ASSET INVESTMENTS

30.11.17

30.11.16

£

Lease

15,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

Trade creditors

2

1,982

Tax

625

-

Directors' loan accounts

18,052

Accruals and deferred income

4,319

5,680

22,998

25,714