Busy Bee Fencing Limited Company accounts
Busy Bee Fencing Limited Company accounts
COMPANY REGISTRATION NUMBER:
05120005
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ABRIDGED FINANCIAL STATEMENTS |
YEAR ENDED 31 MAY 2018
Contents |
Page |
Directors' report |
1 |
Abridged income statement |
2 |
Abridged statement of financial position |
3 |
Notes to the abridged financial statements |
5 |
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DIRECTORS' REPORT |
YEAR ENDED 31 MAY 2018
The directors present their report and the unaudited abridged financial statements of the company for the year ended
31 May 2018
.
Directors
The directors who served the company during the year were as follows:
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Small company provisions
This report was approved by the board of directors on
29 November 2018
and signed on behalf of the board by:
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Director |
Registered office: |
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ABRIDGED INCOME STATEMENT |
YEAR ENDED 31 MAY 2018
2018 |
2017 |
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Note |
£ |
£ |
GROSS PROFIT |
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Administrative expenses |
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--------- |
--------- |
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OPERATING PROFIT |
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Interest payable and similar expenses |
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(
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--------- |
--------- |
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PROFIT BEFORE TAXATION |
4 |
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Tax on profit |
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--------- |
--------- |
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PROFIT FOR THE FINANCIAL YEAR |
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--------- |
--------- |
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All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the year as set out above.
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
2018 |
2017 |
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Note |
£ |
£ |
£ |
£ |
FIXED ASSETS
Tangible assets |
6 |
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CURRENT ASSETS
Stocks |
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Cash at bank and in hand |
– |
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------- |
------- |
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CREDITORS: amounts falling due within one year |
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---------- |
---------- |
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NET CURRENT LIABILITIES |
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---------- |
---------- |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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(
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------- |
---- |
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NET ASSETS/(LIABILITIES) |
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(
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------- |
---- |
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CAPITAL AND RESERVES
Called up share capital |
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Profit and loss account |
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(
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------- |
---- |
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SHAREHOLDERS FUNDS/(DEFICIT) |
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(
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------- |
---- |
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Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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ABRIDGED STATEMENT OF FINANCIAL POSITION (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
29 November 2018
, and are signed on behalf of the board by:
|
Director |
Company registration number:
05120005
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NOTES TO THE ABRIDGED FINANCIAL STATEMENTS |
YEAR ENDED 31 MAY 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alexander House, Unit 10, Watnall Road, Hucknall, NG15 6ES.
2.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Operating leases
Goodwill
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property |
- |
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Plant and machinery |
- |
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Motor vehicles |
- |
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Impairment of fixed assets
Stocks
Finance leases and hire purchase contracts
3.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2017:
2
).
4.
Profit before taxation
Profit before taxation is stated after charging:
2018 |
2017 |
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£ |
£ |
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Depreciation of tangible assets |
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------- |
------- |
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5.
Intangible assets
£ |
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Cost |
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At 1 June 2017 and 31 May 2018 |
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--------- |
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Amortisation |
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At 1 June 2017 and 31 May 2018 |
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--------- |
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Carrying amount |
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At 31 May 2018 |
– |
--------- |
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At 31 May 2017 |
– |
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6.
Tangible assets
£ |
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Cost |
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At 1 June 2017 |
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Additions |
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---------- |
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At 31 May 2018 |
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---------- |
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Depreciation |
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At 1 June 2017 |
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Charge for the year |
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---------- |
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At 31 May 2018 |
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Carrying amount |
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At 31 May 2018 |
153,771 |
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At 31 May 2017 |
149,425 |
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7.
Directors' advances, credits and guarantees
8.
Related party transactions