Company Registration No. 01271710 (England and Wales)
B U INDUSTRIAL COMPONENTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
B U INDUSTRIAL COMPONENTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 5
B U INDUSTRIAL COMPONENTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 1 -
2016
2016
Notes
£
£
£
£
Fixed assets
Tangible assets
2
50,001
52,158
Investments
2
133,600
133,600
183,601
185,758
Current assets
Stocks
57,919
58,124
Debtors
1,559,752
1,496,734
Cash at bank and in hand
460,255
544,246
2,077,926
2,099,104
Creditors: amounts falling due within one year
(720,773)
(766,165)
Net current assets
1,357,153
1,332,939
Total assets less current liabilities
1,540,754
1,518,697
Provisions for liabilities
(5,319)
(5,319)
1,535,435
1,513,378
Capital and reserves
Called up share capital
3
1,065
1,065
Other reserves
235
235
Profit and loss account
1,534,135
1,512,078
Shareholders' funds
1,535,435
1,513,378
B U INDUSTRIAL COMPONENTS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2016
31 August 2016
- 2 -
For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 April 2017
Mr R L Bevan
Director
Company Registration No. 01271710
B U INDUSTRIAL COMPONENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
15% reducing balance
Fixtures, fittings & equipment
25% reducing balance
Motor vehicles
25% reducing balance
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
B U INDUSTRIAL COMPONENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2016
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 September 2015
358,930
133,600
492,530
Additions
15,411
-
15,411
Disposals
(15,695)
-
(15,695)
At 31 August 2016
358,646
133,600
492,246
Depreciation
At 1 September 2015
306,772
-
306,772
On disposals
(11,971)
-
(11,971)
Charge for the year
13,844
-
13,844
At 31 August 2016
308,645
-
308,645
Net book value
At 31 August 2016
50,001
133,600
183,601
At 31 August 2015
52,158
133,600
185,758
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Bevan Thermoplastics Ltd
England & Wales
Ordinary
100.00
B T F Polymers Ltd
England & Wales
Ordinary
51.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
Bevan Thermoplastics Ltd
The factoring of thermoplastic products
363,401
54,740
B T F Polymers Ltd
The factoring of polmer products
364,833
61,858
B U INDUSTRIAL COMPONENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2016
- 5 -
3
Share capital
2016
2016
£
£
Allotted, called up and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
65 Ordinary A shares of £1 each
65
65
1,065
1,065
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