Company Registration No. 01421968 (England and Wales)
BURNETT HODD & JENKINS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
PAGES FOR FILING WITH REGISTRAR
BURNETT HODD & JENKINS LIMITED
COMPANY INFORMATION
Director
Mrs K Wright
Company number
01421968
Registered office
19-21 Swan Street
West Malling
Kent
ME19 6JU
Accountants
Perrys Accountants Limited
Chartered Accountants
3 Roberts Mews
Orpington
Kent
BR6 0JP
BURNETT HODD & JENKINS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
BURNETT HODD & JENKINS LIMITED (REGISTERED NUMBER: 01421968)
BALANCE SHEET
AS AT
31 MARCH 2017
31 March 2017
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Tangible assets
3
112,495
120,227
Current assets
Stocks
46,078
40,170
Debtors
4
25,677
21,629
Cash at bank and in hand
62,013
57,461
133,768
119,260
Creditors: amounts falling due within one year
5
(57,195)
(54,488)
Net current assets
76,573
64,772
Total assets less current liabilities
189,068
184,999
Provisions for liabilities
(9,191)
(10,299)
Net assets
179,877
174,700
Capital and reserves
Called up share capital
120
120
Profit and loss reserves
179,757
174,580
Total equity
179,877
174,700
The director of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
T he director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
he director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 .
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and signed by the director and authorised for issue on 19 May 2017
Mrs K Wright
Director
BURNETT HODD & JENKINS LIMITED (REGISTERED NUMBER: 01421968)
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2017
31 March 2017
- 2 -
BURNETT HODD & JENKINS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
- 3 -
1
Accounting policies
Company information
Burnett Hodd & Jenkins Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
19-21 Swan Street, West Malling, Kent, ME19 6JU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes . The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Short Leasehold
- Over 20 years
Plant and machinery
- 10% on reducing balance
Computer equipment
- 25% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.
including
any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 11 (2016 - 11).
BURNETT HODD & JENKINS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2017
- 4 -
3
Tangible fixed assets
Short Leasehold
Plant and machinery
Computer equipment
Total
£
£
£
£
Cost
At 1 April 2016
66,232
169,890
868
236,990
Additions
-
-
2,137
2,137
At 31 March 2017
66,232
169,890
3,005
239,127
Depreciation and impairment
At 1 April 2016
4,692
111,827
245
116,764
Depreciation charged in the year
3,311
5,806
751
9,868
At 31 March 2017
8,003
117,633
996
126,632
Carrying amount
At 31 March 2017
58,229
52,257
2,009
112,495
At 31 March 2016
61,540
58,063
624
120,227
4
Debtors
2017
2016
Amounts falling due within one year:
£
£
Trade debtors
17,119
13,414
Amounts due from group undertakings
13
-
Other debtors
8,545
8,215
25,677
21,629
5
Creditors: amounts falling due within one year
2017
2016
£
£
Trade creditors
26,257
26,800
Corporation tax
23,696
24,486
Other taxation and social security
3,011
3,369
Other creditors
4,231
(167)
57,195
54,488
6
Related party transactions
BURNETT HODD & JENKINS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2017
6
Related party transactions
(Continued)
- 5 -
The Wright Eyewear Company Limited
A company in which Mrs K R Wright is a director and a shareholder.
During the year, the Wright Eyewear Company Limited provided management services amounting to £46,334 to the company and dividends of £72,000 were paid to the Wright Eyewear Company Limited.