Company Registration No. 02882774 (England and Wales)
BCP CONTRACTS LTD.
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
BCP CONTRACTS LTD.
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 5
BCP CONTRACTS LTD.
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BCP CONTRACTS LTD. FOR THE YEAR ENDED 30 NOVEMBER 2016
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 5 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BCP Contracts Ltd. for the year ended 30 November 2016 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of BCP Contracts Ltd., as a body, in accordance with
our
terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BCP Contracts Ltd. and state those matters that we have agreed to state to the Board of Directors of BCP Contracts Ltd., as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BCP Contracts Ltd. and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that BCP Contracts Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of BCP Contracts Ltd.. You consider that BCP Contracts Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of BCP Contracts Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ormerod Rutter Limited
23 August 2017
Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
BCP CONTRACTS LTD.
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 2 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
38,056
29,000
Investments
2
190,002
190,000
228,058
219,000
Current assets
Debtors
32,975
25,260
Cash at bank and in hand
78,255
66,318
111,230
91,578
Creditors: amounts falling due within one year
(255,004)
(229,002)
Net current liabilities
(143,774)
(137,424)
Total assets less current liabilities
84,284
81,576
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
84,184
81,476
Shareholders' funds
84,284
81,576
For the financial year ended 30 November 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 23 August 2017
Mr P Hill
Director
Company Registration No. 02882774
BCP CONTRACTS LTD.
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 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).
The accounts have been prepared on a going concern basis which the director considers is appropriate. The company relies on the support of the parent company, which the director believes will continue for the foreseeable future. Should the going concern basis not be applicable, adjustments would have to be made to reduce assets to their recoverable amounts, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
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
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
20% on cost
Motor vehicles
25% straight line
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
BCP CONTRACTS LTD.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 December 2015
29,000
190,002
219,002
Additions
16,584
-
16,584
At 30 November 2016
45,584
190,002
235,586
Depreciation
At 1 December 2015
-
-
-
Charge for the year
7,528
-
7,528
At 30 November 2016
7,528
-
7,528
Net book value
At 30 November 2016
38,056
190,002
228,058
At 30 November 2015
29,000
190,000
219,000
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
Black Country Paints Limited
England and Wales
Ordinary
100.00
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
£
£
Black Country Paints Limited
Manufacture of paints
205,490
167,074
Black Country Paints Limited has a 98% shareholding in T.A. Paints Limited.
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 of £1 each
100
100
BCP CONTRACTS LTD.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 5 -
4
Ultimate parent company
Hills Paint Holdings Limited is regarded by the director as being the company's ultimate parent company.
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