Bernard Leach Enterprises Limited
|
Registered Number
:
05965856
|
For the year ended 31 March 2018
England and Wales
Unaudited Financial Statements
Bernard Leach Enterprises Limited
Statement of Financial Position
2017
2018
Property
,
plant and equipment
|
218
434
2
218
434
26,544
21,915
3
Trade and other receivables
|
22,628
16,601
4
1,558
Cash and cash equivalents
|
2,994
41,510
50,730
Trade and other payables
:
amounts falling due within one
|
year
|
(51,163)
(41,727)
5
(433)
(217)
Net current liabilities
Total assets less current liabilities
|
1
1
1
Net assets
1
1
1
1
1
Shareholders' funds
For the year ended 31 March 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
Mrs Elizabeth Mitton Director
|
These financial statements were approved and authorised for issue by the Board on 10 September 2018 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2018
Bernard Leach Enterprises Limited
Notes to the Financial Statements
Statutory Information
Bernard Leach Enterprises Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
05965856
.
|
Leach Pottery
Higher Stennack
St. Ives
Cornwall
TR26 2HE
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Computer equipment
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
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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For the year ended 31 March 2018
Bernard Leach Enterprises Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
2,010
2,010
Provision for depreciation and impairment
|
1,576
Charge for year
216
1,792
218
434
2017
2018
21,915
26,544
4
.
Trade and other receivables
|
2017
2018
16,476
22,212
125
416
22,628
16,601
5
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
279
72
Amounts owed to group undertaking and undertaking in which the
|
company has a participating interest
|
32,270
42,503
Taxation and social security
|
8,028
7,438
1,150
1,150
41,727
51,163
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For the year ended 31 March 2018
Bernard Leach Enterprises Limited
Notes to the Financial Statements Continued
6
.
Related party transactions
|
The company has giftaided all its profits to the year to its parent company
,
which is a Registered Charity
.
During the
|
year the company paid management charges to the parent company totalling £nil
(
2017
£
15
,
000
).
At the balance
|
sheet date the amount owed to the parent company was £
32
,
270
(
2017
£
42
,
503
).
|
The parent company is Bernard Leach
(
St Ives
)
Trust Limited
.
The ultimate controlling party is considered to be the
|
directors of the parent company
.
|
7
.
Parent
-
subsidary relationship
|
The company's immediate and ultimate parent undertaking is Bernard Leach (St Ives) Trust Limited, a company andcharity registered in England and Wales.
|
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