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REGISTERED NUMBER:
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Brettfield Developments Limited |
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Unaudited Financial Statements |
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for the Year Ended |
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31 March 2018 |
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REGISTERED NUMBER:
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Brettfield Developments Limited |
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Unaudited Financial Statements |
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for the Year Ended |
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31 March 2018 |
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Brettfield Developments Limited (Registered number: 03999821) |
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Contents of the Financial Statements |
for the Year Ended 31 March 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 | to | 5 |
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Brettfield Developments Limited |
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Company Information |
for the Year Ended 31 March 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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BANKERS: |
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High Street |
Colchester |
Essex |
CO1 1DQ |
Brettfield Developments Limited (Registered number: 03999821) |
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Balance Sheet |
31 March 2018 |
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2018 | 2017 |
Notes | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
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CURRENT ASSETS |
Stocks and work in progress |
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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 ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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(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. |
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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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Brettfield Developments Limited (Registered number: 03999821) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2018 |
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1. | STATUTORY INFORMATION |
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Brettfield Developments Limited is a
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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 |
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial |
Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements |
have been prepared under the historical cost convention. |
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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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The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added |
Tax, and is only realised once the work is completed. |
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Tangible fixed assets |
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Storage Building | - |
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Equipment | - |
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Motor vehicles | - |
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Computer equipment | - |
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Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and |
liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and |
investments in non-puttable ordinary shares. |
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For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an |
asset's carrying amount and best estimate, which is an approximation, of the amount that the company would receive for |
the asset if it were to be sold at the balance sheet date. |
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Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is |
an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the |
asset and settle the liability simultaneously. |
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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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Brettfield Developments Limited (Registered number: 03999821) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the |
balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, |
or a right to pay less or to receive more tax. |
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Work in progress |
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. |
Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work |
in progress. |
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Revenue recognition |
The revenue shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added |
Tax, and is only realised once the work is completed. |
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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. | PROPERTY, PLANT AND EQUIPMENT |
Storage | Motor | Computer |
Building | Equipment | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 April 2017 |
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Additions |
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At 31 March 2018 |
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DEPRECIATION |
At 1 April 2017 |
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Charge for year |
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At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 March 2017 |
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5. | DEBTORS |
2018 | 2017 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
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Corporation tax repayable | 5,984 | - |
Other debtors |
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Deferred tax asset | 5,874 | 281 |
Prepayments and accrued income |
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Brettfield Developments Limited (Registered number: 03999821) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
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5. | DEBTORS - continued |
2018 | 2017 |
£ | £ |
Amounts falling due after more than one year: |
Deferred tax asset | 53,563 | 51,051 |
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Aggregate amounts |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Corporation tax |
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Other tax and social security |
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Directors' current accounts | 364,094 | 430,650 |
Accruals and deferred income |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary | £1 | 50,000 | 50,000 |