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Unaudited Financial Statements |
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for the Year Ended 31 July 2017 |
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B & C Saunders Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 July 2017 |
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for |
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B & C Saunders Limited |
B & C Saunders Limited (Registered number: 01211877) |
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Contents of the Financial Statements |
for the Year Ended 31 July 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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B & C Saunders Limited |
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Company Information |
for the Year Ended 31 July 2017 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Northfield House |
Shurdington Road |
Bentham |
Cheltenham |
Gloucestershire |
GL51 4UA |
B & C Saunders Limited (Registered number: 01211877) |
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Balance Sheet |
31 July 2017 |
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31.7.17 | 31.7.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks | 5 |
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Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings | 9 |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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B & C Saunders Limited (Registered number: 01211877) |
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Notes to the Financial Statements |
for the Year Ended 31 July 2017 |
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1. | STATUTORY INFORMATION |
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B & C Saunders Limited is a
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The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Freehold property | - |
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Improvements to property | - |
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Plant and machinery | - |
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Motor vehicles | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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B & C Saunders Limited (Registered number: 01211877) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2017 |
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4. | TANGIBLE FIXED ASSETS |
Improvements |
Freehold | to | Plant and | Motor |
property | property | machinery | vehicles | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 August 2016 |
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Disposals |
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( |
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At 31 July 2017 |
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DEPRECIATION |
At 1 August 2016 |
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Charge for year |
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Eliminated on disposal |
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At 31 July 2017 |
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NET BOOK VALUE |
At 31 July 2017 |
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At 31 July 2016 |
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5. | STOCKS |
31.7.17 | 31.7.16 |
£ | £ |
Stocks |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.17 | 31.7.16 |
£ | £ |
Trade debtors |
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Social security and other taxes | - | 324 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.17 | 31.7.16 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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VAT | 2,090 | 3,000 |
Company credit card | 569 | - |
Directors' current accounts | 27,358 | 31,882 |
Accrued expenses |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.17 | 31.7.16 |
value: | £ | £ |
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Ordinary | £1 | 2 | 2 |
B & C Saunders Limited (Registered number: 01211877) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2017 |
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9. | RESERVES |
Retained |
earnings |
£ |
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At 1 August 2016 |
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Profit for the year |
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Dividends | ( |
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At 31 July 2017 |
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10. | RELATED PARTY DISCLOSURES |
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During the year the director, Mr B W Saunders, made net withdrawals from his account of £4,524. The |
balance on his account at 31 July 2017 was £27,358 in credit (2016 - £31,882). |
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Also during the year Mr Saunders received net dividends from the company of £20,000 (2016 - |
£20,000). |
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11. | ULTIMATE CONTROLLING PARTY |
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Mr B W Saunders is the ultimate controlling party by virtue of his holding all of the company's share |
capital. |