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Unaudited Financial Statements |
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for the Year Ended 31 March 2020 |
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for |
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B.B. Moulding Limited |
Trading as |
O F Bell Injection Moulding |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 March 2020 |
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for |
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B.B. Moulding Limited |
Trading as |
O F Bell Injection Moulding |
B.B. Moulding Limited (Registered number: 02832669) |
Trading as O F Bell Injection Moulding |
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Contents of the Financial Statements |
for the Year Ended 31 March 2020 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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B.B. Moulding Limited |
Trading as O F Bell Injection Moulding |
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Company Information |
for the Year Ended 31 March 2020 |
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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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B.B. Moulding Limited (Registered number: 02832669) |
Trading as O F Bell Injection Moulding |
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Statement of Financial Position |
31 March 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
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Tangible assets | 6 |
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Investment property | 7 |
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CURRENT ASSETS |
Stocks |
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Debtors | 8 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 9 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Capital redemption reserve |
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Retained earnings |
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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. |
B.B. Moulding Limited (Registered number: 02832669) |
Trading as O F Bell Injection Moulding |
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Statement of Financial Position - continued |
31 March 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
were signed by: |
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B.B. Moulding Limited (Registered number: 02832669) |
Trading as O F Bell Injection Moulding |
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Notes to the Financial Statements |
for the Year Ended 31 March 2020 |
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1. | STATUTORY INFORMATION |
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B.B. Moulding 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. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements cover the company as an individual entity, have been prepared under the |
historical cost convention and are presented in Pounds Sterling (£) being the functional currency. |
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The financial statements have been prepared on the assumption that the company is able to carry |
on business as a going concern, which the directors consider appropriate having regard to the |
company's current and expected performance. Particular consideration has been given to the impact |
of the Coronavirus on the company's ability to operate for the foreseeable future. |
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In arriving at this assessment of the going concern status of the company the directors have made |
key judgements about the ongoing increased demand for the company's cloud-based services and |
the ability of the company to remain liquid via its generation of profits and access to bank funding |
for the foreseeable future as referred to in the directors' report. |
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Turnover |
Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised |
when the goods are physically despatched to the customer.Where goods are subject to a bill and |
hold agreement turnover is recognised when goods are available to the customer. |
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Goodwill |
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Tangible fixed assets |
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Long leasehold | - |
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Plant and machinery | - |
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Motor vehicles | - |
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Computer equipment | - |
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Government grants |
Government grants are recognised based on the accrual model and are measured at the fair value of |
the asset received or receivable. Grants are classified as relating either to revenue or to assets. |
Grants relating to revenue are recognised in income over the period in which the related costs are |
recognised. Grants relating to assets are recognised over the expected useful life of the asset. |
Where part of a grant relating to an asset is deferred, it is recognised as deferred income. |
B.B. Moulding Limited (Registered number: 02832669) |
Trading as O F Bell Injection Moulding |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
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3. | ACCOUNTING POLICIES - continued |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising |
from changes in fair value is recognised in profit or loss. |
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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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Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in |
non-convertible preference and non-puttable ordinary shares which are measured at fair value, with |
changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost |
and thereafter at fair value with changes recognised in profit or loss. |
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Taxation |
Taxation for the year comprises current and deferred tax, if applicable. Tax is recognised in the |
Statement of Income and Retained Earnings, except to the extent that it relates to items recognised |
in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the statement of financial position date. |
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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. |
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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. |
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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. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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B.B. Moulding Limited (Registered number: 02832669) |
Trading as O F Bell Injection Moulding |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
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5. | INTANGIBLE FIXED ASSETS |
Computer |
Goodwill | software | Totals |
£ | £ | £ |
COST |
At 1 April 2019 |
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Additions |
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At 31 March 2020 |
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AMORTISATION |
At 1 April 2019 |
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Amortisation for year |
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At 31 March 2020 |
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NET BOOK VALUE |
At 31 March 2020 |
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At 31 March 2019 |
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6. | TANGIBLE FIXED ASSETS |
Long | Plant and | Motor | Computer |
leasehold | machinery | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 April 2019 |
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Additions |
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Disposals | ( |
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At 31 March 2020 |
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DEPRECIATION |
At 1 April 2019 |
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Charge for year |
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Eliminated on disposal | ( |
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( |
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At 31 March 2020 |
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NET BOOK VALUE |
At 31 March 2020 |
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At 31 March 2019 |
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B.B. Moulding Limited (Registered number: 02832669) |
Trading as O F Bell Injection Moulding |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
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7. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2019 |
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Disposals | ( |
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At 31 March 2020 |
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NET BOOK VALUE |
At 31 March 2020 |
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At 31 March 2019 |
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8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
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Amounts owed by associates |
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Other debtors |
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9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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10. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2020 | 2019 |
£ | £ |
Invoice discounting account | 135,959 | 67,860 |
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The invoice discounting account is secured on the trade debtors. |
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11. | POST BALANCE SHEET EVENTS |
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Since the balance sheet date, but before the date of the approval of the financial statements, the |
company has declared dividends of £50,000. These are in respect of profits earned in the current |
financial year. |
B.B. Moulding Limited (Registered number: 02832669) |
Trading as O F Bell Injection Moulding |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
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12. | PENSION COMMITMENTS |
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The Company operates a defined contributions pension scheme. The assets of the scheme are held |
separately from those of the Company in an independently administered fund. The pension cost |
charge represents contributions payable by the Company to the fund and amounted to £65,960 |
(2019 - £33,767).There were no contributions payable to the fund at the balance sheet date |