Brantons of Hull Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05009671 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2018

for

Brantons of Hull Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

R I Furmage

Mrs K J Furmage

SECRETARY:

R I Furmage

REGISTERED OFFICE:

13 Hepworth Arcade

Hull

East Yorkshire

HU1 1JU

REGISTERED NUMBER:

05009671 (England and Wales)

ACCOUNTANTS:

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

393,936

369,625

393,936

369,625

CURRENT ASSETS

Stocks

74,800

55,300

Prepayments and accrued income

3,313

6,494

Cash at bank

13,765

33,676

91,878

95,470

CREDITORS

Amounts falling due within one year

6

140,470

110,802

NET CURRENT LIABILITIES

(48,592

)

(15,332

)

TOTAL ASSETS LESS CURRENT LIABILITIES

345,344

354,293

CREDITORS

Amounts falling due after more than one year

7

(10,320

)

(17,299

)

PROVISIONS FOR LIABILITIES

(516

)

(516

)

NET ASSETS

334,508

336,478

CAPITAL AND RESERVES

Called up share capital

8

50,000

50,000

Retained earnings

284,508

286,478

SHAREHOLDERS' FUNDS

334,508

336,478

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 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 14th December 2018 and were signed on its behalf by:

R I Furmage - Director

1.	STATUTORY INFORMATION

Brantons of Hull 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 0, is being amortised evenly over its estimated useful life of nil 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 etc

-

33% on cost and 15% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2017

and 31st March 2018

25,000

AMORTISATION

At 1st April 2017

and 31st March 2018

25,000

NET BOOK VALUE

At 31st March 2018

-

At 31st March 2017

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1st April 2017

346,259

21,162

2,008

Additions

(17,789

)

42,554

-

At 31st March 2018

328,470

63,716

2,008

DEPRECIATION

At 1st April 2017

-

-

1,758

Charge for year

-

-

63

At 31st March 2018

-

-

1,821

NET BOOK VALUE

At 31st March 2018

328,470

63,716

187

At 31st March 2017

346,259

21,162

250

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st April 2017

33,156

3,016

405,601

Additions

-

-

24,765

At 31st March 2018

33,156

3,016

430,366

DEPRECIATION

At 1st April 2017

31,202

3,016

35,976

Charge for year

391

-

454

At 31st March 2018

31,593

3,016

36,430

NET BOOK VALUE

At 31st March 2018

1,563

-

393,936

At 31st March 2017

1,954

-

369,625

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

6,604

1,515

Taxation

6,681

12,053

Social security and other taxes

1,436

1,220

VAT

6,413

3,903

Directors' current accounts

116,823

89,598

Accrued expenses

2,513

2,513

140,470

110,802

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans - 2-5 years

10,320

17,299

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

25,000

Ordinary

£1

25,000

25,000

25,000

Ordinary A

£1

25,000

25,000

50,000

50,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2018 and

31st March 2017:

2018

2017

£

£

R I Furmage

Balance outstanding at start of year

(89,598

)

(86,381

)

Amounts advanced

14,439

20,509

Amounts repaid

(41,664

)

(23,726

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(116,823

)

(89,598

)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is R I Furmage.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Brantons of Hull Limited for the year ended 31st March 2018 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Brantons of Hull Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brantons of Hull Limited and state those matters that we have agreed to state to the Board of Directors of Brantons of Hull Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brantons of Hull Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Brantons of Hull Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Brantons of Hull Limited. You consider that Brantons of Hull Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brantons of Hull Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

14th December 2018