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Financial Statements |
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for the Year Ended 31 December 2018 |
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for |
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Bruno Saint Hilaire UK Limited |
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REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 31 December 2018 |
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for |
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Bruno Saint Hilaire UK Limited |
Bruno Saint Hilaire UK Limited (Registered number: 03270414) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2018 |
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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 | 3 |
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Bruno Saint Hilaire UK Limited |
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Company Information |
for the Year Ended 31 December 2018 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Accountants |
Registered Auditors |
Blackthorn House |
St Pauls Square |
Birmingham |
West Midlands |
B3 1RL |
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BANKERS: |
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28a High Street |
Tettenhall |
Wolverhampton |
West Midlands |
WV6 8QT |
Bruno Saint Hilaire UK Limited (Registered number: 03270414) |
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Balance Sheet |
31 December 2018 |
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31.12.18 | 31.12.17 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Bruno Saint Hilaire UK Limited (Registered number: 03270414) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2018 |
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1. | STATUTORY INFORMATION |
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Bruno Saint Hilaire UK Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Going concern |
There was a net deficiency of assets of £132,329 at the balance sheet date, however the directors |
have been assured of continued support by the parent company, through the continued supply of |
goods on extended credit terms and, when required, additional working capital. The directors consider |
the company will continue to receive this support so as to continue trading for the foreseeable future. |
On the reliance of this group support, the financial statements have been prepared on a going concern |
basis. |
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Significant judgements and estimates |
In the preparation of the financial statements, management makes certain judgements and estimates |
that impact the financial statements. The judgements and estimates that have the most significant |
effect on the carrying value of assets and liabilities of the company in these financial statements are as |
follow: |
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Carrying value of trade and other receivables |
Allowance for doubtful debt and provisions against receivables are made on a specific basis, based on |
estimates or irretrievability determined by market knowledge and past experience. |
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Turnover |
Revenue 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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Revenue from the sale of goods is recognised when the significant risks and rewards of ownership |
have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be |
measured reliably; it is probable that the associated economic benefits will flow to the entity; and the |
costs incurred or to be incurred in respect of the transactions can be measured reliably. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
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 have been |
enacted or substantively enacted by the balance sheet date. |
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Bruno Saint Hilaire UK Limited (Registered number: 03270414) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2018 |
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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. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.18 | 31.12.17 |
£ | £ |
Trade debtors |
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Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.18 | 31.12.17 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.18 | 31.12.17 |
value: | £ | £ |
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Ordinary | £1 | 5,000 | 5,000 |
Bruno Saint Hilaire UK Limited (Registered number: 03270414) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2018 |
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7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was qualified on the following basis: |
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Basis for adverse opinion |
As explained in note 2, the company has relied upon the assurance of continued support by the parent |
company, through the continued supply of goods on extended credit terms and, when required, |
additional working capital. Subsequent to the balance sheet date, but before the dating of this report, |
we have been made aware that the parent company is no longer in a position to offer any such support |
to the company. As a result the company is not a going concern and the financial statements should |
have been prepared on a basis other than going concern. Had the financial statements been prepared |
on a basis other than going concern, consideration would have been made as to the potential |
impairment of assets included in the balance sheet and the provision for any potential contractual |
commitments that had become onerous at the balance sheet date. No such consideration has been |
made in these financial statements and no disclosure of these facts made within the financial |
statements. |
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We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable |
law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit |
of the financial statements section of our report. We are independent of the company in accordance with the |
ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's |
Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. |
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our |
adverse opinion. |
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for and on behalf of
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8. | RELATED PARTY DISCLOSURES |
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The company imports all of its goods for distribution from Bruno Saint Hilaire SA, the ultimate parent |
company. Purchases in the year totalled £90,015 and the amount of €211,967 or £190,124 was owing |
at the year end. |
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Also the company had received a short term loan from Bruno Saint Hilaire SA of £5,000. This loan was |
repaid in January 2018. |
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The ultimate controlling party is
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Copies of the consolidated financial statements are available form 16 Rue la Fayette, 75009 Paris, |
France. |