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Unaudited Financial Statements |
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for the year ended |
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28 February 2017 |
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for |
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Bryan Shipley Builder Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the year ended |
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28 February 2017 |
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for |
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Bryan Shipley Builder Limited |
Bryan Shipley Builder Limited (Registered number: 07942849) |
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Contents of the Financial Statements |
for the year ended 28 February 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Bryan Shipley Builder Limited |
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Company Information |
for the year ended 28 February 2017 |
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DIRECTORS: |
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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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Chartered Accountants |
Oak Tree House, Harwood Road |
Northminster Business Park |
Upper Poppleton |
York |
YO26 6QU |
Bryan Shipley Builder Limited (Registered number: 07942849) |
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Balance Sheet |
28 February 2017 |
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28/2/17 | 29/2/16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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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 |
7 |
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PROVISIONS FOR LIABILITIES | 9 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
Bryan Shipley Builder Limited (Registered number: 07942849) |
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Balance Sheet - continued |
28 February 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Bryan Shipley Builder Limited (Registered number: 07942849) |
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Notes to the Financial Statements |
for the year ended 28 February 2017 |
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1. | STATUTORY INFORMATION |
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Bryan Shipley Builder Limited is a
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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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There were no material departures from that standard. |
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These financial statements for the year ended 28 February 2017 are the first financial statements that comply |
with FRS 102 Section 1A small entities. The date of transition is 1 March 2016. |
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The principal accounting policies adopted in the preparation of the financial statements are set out below and |
have remained unchanged from the previous year, and also have been consistently applied within the same |
accounts. |
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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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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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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 |
Short term debtors and creditors |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at |
transaction price. Any losses arising from impairment are recognised in the income statement in other operating |
expenses. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, |
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 that have been enacted or |
substantively enacted by the balance sheet date. |
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Bryan Shipley Builder Limited (Registered number: 07942849) |
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Notes to the Financial Statements - continued |
for the year ended 28 February 2017 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet 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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 March 2016 |
and 28 February 2017 |
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DEPRECIATION |
At 1 March 2016 |
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Charge for year |
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At 28 February 2017 |
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NET BOOK VALUE |
At 28 February 2017 |
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At 29 February 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28/2/17 | 29/2/16 |
£ | £ |
Trade debtors |
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Other debtors |
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Prepayments |
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Bryan Shipley Builder Limited (Registered number: 07942849) |
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Notes to the Financial Statements - continued |
for the year ended 28 February 2017 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28/2/17 | 29/2/16 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Tax |
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VAT | - | 2,554 |
Directors' current accounts | 1,500 | 1,500 |
Accrued expenses |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
28/2/17 | 29/2/16 |
£ | £ |
Bank loans - 1-2 years |
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Bank loans - 2-5 years |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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28/2/17 | 29/2/16 |
£ | £ |
Bank loans |
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9. | PROVISIONS FOR LIABILITIES |
28/2/17 | 29/2/16 |
£ | £ |
Deferred tax | 1,060 | 1,900 |
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Deferred |
tax |
£ |
Balance at 1 March 2016 |
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Provided during year | ( |
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Balance at 28 February 2017 |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 28/2/17 | 29/2/16 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
Bryan Shipley Builder Limited (Registered number: 07942849) |
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Notes to the Financial Statements - continued |
for the year ended 28 February 2017 |
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11. | RELATED PARTY DISCLOSURES |
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28/2/17 | 29/2/16 |
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Amounts due to directors | 1,500 | 1,500 |
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No interest has been charged. |
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12. | FIRST YEAR ADOPTION |
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The company has adopted FRS 102 - Section 1A for the first time in the year ended 28 February 2017. |
No adjustments were required upon transition. |