Brayzel Narrowboats Limited - Accounts to registrar (filleted) - small 17.3

Brayzel Narrowboats Limited - Accounts to registrar (filleted) - small 17.3

BRAYZEL NARROWBOATS LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v17.3.1.106 07118265 director 1.2.17 31.1.18 31.1.18 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure071182652017-01-31071182652018-01-31071182652017-02-012018-01-31071182652016-01-31071182652016-02-012017-01-31071182652017-01-3107118265ns15:EnglandWales2017-02-012018-01-3107118265ns14:PoundSterling2017-02-012018-01-3107118265ns10:Director12017-02-012018-01-3107118265ns10:PrivateLimitedCompanyLtd2017-02-012018-01-3107118265ns10:SmallEntities2017-02-012018-01-3107118265ns10:AuditExempt-NoAccountantsReport2017-02-012018-01-3107118265ns10:SmallCompaniesRegimeForDirectorsReport2017-02-012018-01-3107118265ns10:SmallCompaniesRegimeForAccounts2017-02-012018-01-3107118265ns10:AbridgedAccounts2017-02-012018-01-310711826512017-02-012018-01-3107118265ns10:RegisteredOffice2017-02-012018-01-3107118265ns5:CurrentFinancialInstruments2018-01-3107118265ns5:CurrentFinancialInstruments2017-01-3107118265ns5:Non-currentFinancialInstruments2018-01-3107118265ns5:Non-currentFinancialInstruments2017-01-3107118265ns5:ShareCapital2018-01-3107118265ns5:ShareCapital2017-01-3107118265ns5:RetainedEarningsAccumulatedLosses2018-01-3107118265ns5:RetainedEarningsAccumulatedLosses2017-01-3107118265ns5:NetGoodwill2017-02-012018-01-3107118265ns5:IntangibleAssetsOtherThanGoodwill2017-02-012018-01-3107118265ns5:PlantMachinery2017-02-012018-01-3107118265ns5:MotorVehicles2017-02-012018-01-3107118265ns5:ComputerEquipment2017-02-012018-01-3107118265ns5:Secured2018-01-3107118265ns5:Secured2017-01-31


REGISTERED NUMBER: 07118265 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2018

FOR

BRAYZEL NARROWBOATS LIMITED
BRAYZEL NARROWBOATS LIMITED (REGISTERED NUMBER: 07118265)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2018










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BRAYZEL NARROWBOATS LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2018







DIRECTOR: A G Crook





REGISTERED OFFICE: Vantage House Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB





REGISTERED NUMBER: 07118265 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB
Page 1
BRAYZEL NARROWBOATS LIMITED (REGISTERED NUMBER: 07118265)

ABRIDGED BALANCE SHEET
31 January 2018

31.1.18 31.1.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,259 9,938
6,259 9,938

CURRENT ASSETS
Stocks 37,843 34,900
Debtors 4,000 11,755
Cash in hand 2,181 1,000
44,024 47,655
CREDITORS
Amounts falling due within one year 26,274 28,243
NET CURRENT ASSETS 17,750 19,412
TOTAL ASSETS LESS CURRENT
LIABILITIES
24,009
29,350

CREDITORS
Amounts falling due after more than one
year
6
(19,153
)
(25,209
)

PROVISIONS FOR LIABILITIES (1,252 ) (1,988 )
NET ASSETS 3,604 2,153

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,504 2,053
SHAREHOLDERS' FUNDS 3,604 2,153

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 notes form part of these financial statements

Page 2 continued...
BRAYZEL NARROWBOATS LIMITED (REGISTERED NUMBER: 07118265)

ABRIDGED BALANCE SHEET - continued
31 January 2018


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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 14 March 2018 and were signed by:





A G Crook - Director


The notes form part of these financial statements

Page 3
BRAYZEL NARROWBOATS LIMITED (REGISTERED NUMBER: 07118265)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2018


1. STATUTORY INFORMATION

Brayzel Narrowboats 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.

The company is dependent upon the continuing support of its director and other creditors to enable it to meet its
day to day working capital requirements.

On this basis the financial statements have been prepared on the going concern basis, the financial statements do
not include any adjustments that would result in the withdrawal of support by the creditors.

Turnover
Income is recognised when goods have been delivered to customers such that risks and rewards of ownership
have transferred to them.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work
in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of
manufacture/completion.

Pension costs and other post-retirement benefits
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are
recognised in the profit and loss account when due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

Page 4 continued...
BRAYZEL NARROWBOATS LIMITED (REGISTERED NUMBER: 07118265)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2018


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2017
and 31 January 2018 60,000
AMORTISATION
At 1 February 2017
and 31 January 2018 60,000
NET BOOK VALUE

At 31 January 2018 -
At 31 January 2017 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2017 21,763
Disposals (8,951 )
At 31 January 2018 12,812
DEPRECIATION
At 1 February 2017 11,825
Charge for year 2,086
Eliminated on disposal (7,358 )
At 31 January 2018 6,553
NET BOOK VALUE
At 31 January 2018 6,259
At 31 January 2017 9,938

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.1.18 31.1.17
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 6,509 9,478

Page 5 continued...
BRAYZEL NARROWBOATS LIMITED (REGISTERED NUMBER: 07118265)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2018


7. SECURED DEBTS

The following secured debts are included within creditors:

31.1.18 31.1.17
£    £   
Bank overdrafts 11,035 9,112
Bank loans 25,216 32,007
36,251 41,119

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 were paid to the director .

9. ULTIMATE CONTROLLING PARTY

The controlling party is A G Crook.

Page 6