Berewood Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05073921 (England and Wales)

Berewood Limited

Abridged Financial Statements for the Year Ended 31st March 2018

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Director:

N Cornwell

Registered office:

1-3 High Street

Great Dunmow

Essex

CM6 1UU

Business address:

Guys Farm Lodge

Manor Road

Woodham Walter

Essex

CM96LW

Registered number:

05073921 (England and Wales)

Accountants:

Walters & Company

Certified Practising Accountants

1-3 High Street

Great Dunmow

Essex

CM6 1UU

Fixed assets

Tangible assets

4

11,085

14,886

Current assets

Stocks

7,950

20,000

Debtors

10,465

12,473

Cash at bank

5,177

3,020

23,592

35,493

Creditors

Amounts falling due within one year

39,436

43,357

Net current liabilities

(15,844

)

(7,864

)

Total assets less current liabilities

(4,759

)

7,022

Provisions for liabilities

5

2,106

2,978

Net (liabilities)/assets

(6,865

)

4,044

Capital and reserves

Called up share capital

6

1

1

Retained earnings

7

(6,866

)

4,043

Shareholders' funds

(6,865

)

4,044

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 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 Income Statement and an abridged Balance Sheet for the year ended 31st March 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 3rd December 2018 and were signed by:

N Cornwell - Director

1.	Statutory information

Berewood 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.

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

Fixtures and fittings

-

33% on cost

Motor vehicles

-

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

3.	Employees and directors

The average number of employees during the year was NIL (2017 - 1 ).

4.	Tangible fixed assets

Totals

£

Cost

At 1st April 2017

and 31st March 2018

36,854

Depreciation

At 1st April 2017

21,968

Charge for year

3,801

At 31st March 2018

25,769

Net book value

At 31st March 2018

11,085

At 31st March 2017

14,886

5.	Provisions for liabilities

31/3/18

31/3/17

£

£

Deferred tax

Accelerated capital allowances

2,106

2,978

Deferred

tax

£

Balance at 1st April 2017

2,978

Credit to Abridged Income Statement during year

(872

)

Balance at 31st March 2018

2,106

6.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/18

31/3/17

value:

£

£

1

Ordinary

£1

1

1

7.

Reserves

Retained

earnings

£

At 1st April 2017

4,043

Deficit for the year

(10,909

)

At 31st March 2018

(6,866

)