Registration number:
Bivouac Swinton Limited
for the Year Ended 31 January 2019
Bivouac Swinton Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Bivouac Swinton Limited
Company Information
Directors |
M W P Cunliffe-Lister F C Cunliffe-Lister |
Registered office |
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Page 1 |
Bivouac Swinton Limited
(Registration number: 07203550)
Balance Sheet as at 31 January 2019
Note |
2019 |
2018 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Net liabilities |
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( |
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Capital and reserves |
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Called up and fully paid share capital |
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Profit and loss account |
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Total equity |
( |
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For the financial year ending 31 January 2019 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the profit and loss account has been taken.
Page 2 |
Bivouac Swinton Limited
(Registration number: 07203550)
Balance Sheet as at 31 January 2019
Approved and authorised by the
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Page 3 |
Bivouac Swinton Limited
Notes to the Financial Statements for the Year Ended 31 January 2019
General information |
The Company is a private company limited by share capital incorporated in England and Wales. Company information details are shown on page 1.
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Basis of preparation
These financial statements have been prepared using the historical cost convention and in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Going concern
The financial statements have been prepared on a going concern basis. The Company's cash requirements are provided by the directors and by the bank. The directors do not anticipate withdrawal of this support.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts. Turnover is recognised when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is calculated so as to write off the cost of assets, net of anticipated disposal proceeds, over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and equipment |
10% straight line basis |
Fixtures and fittings |
20% straight line |
Shacks and Yurts |
1.66% or 10% straight line basis |
Leasehold improvements |
period of lease |
Page 4 |
Bivouac Swinton Limited
Notes to the Financial Statements for the Year Ended 31 January 2019
2 |
Accounting policies (continued) |
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to profit or loss over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.
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.
Staff numbers |
The average number of persons employed by the Company (including directors) in the year, was
Page 5 |
Bivouac Swinton Limited
Notes to the Financial Statements for the Year Ended 31 January 2019
Tangible assets |
Long leasehold improvements |
Fixtures and fittings |
Shacks and Yurts |
Plant and equipment |
Total |
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Cost or valuation |
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At 1 February 2018 |
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Additions |
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At 31 January 2019 |
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Depreciation |
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At 1 February 2018 |
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Charge for the year |
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At 31 January 2019 |
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Carrying amount |
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At 31 January 2019 |
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At 31 January 2018 |
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Stocks |
2019 |
2018 |
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Inventories |
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Debtors |
2019 |
2018 |
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Trade debtors |
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Other debtors |
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Prepayments |
4,438 |
3,209 |
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Page 6 |
Bivouac Swinton Limited
Notes to the Financial Statements for the Year Ended 31 January 2019
Creditors |
2019 |
2018 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Accrued expenses |
5,914 |
10,008 |
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Due after one year |
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Loans and borrowings |
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Related party transactions |
Transactions with directors |
Page 7 |