Registered Number
:
04644111
|
For the year ended 31 January 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 January 2017
Bedford Fabrics Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Bedford Fabrics Limited
Statement of Financial Position
2016
2017
Property
,
plant and equipment
|
89,414
70,829
2
89,414
70,829
164,739
106,467
Trade and other receivables
|
12,326
15,137
3
20,591
Cash and cash equivalents
|
55,579
177,183
197,656
Trade and other payables
:
amounts falling due within one
|
year
|
(92,649)
(69,268)
4
105,007
107,915
Net current assets
Total assets less current liabilities
|
197,329
175,836
Trade and other payables
:
amounts falling due after more
|
than one year
|
(81,638)
(92,947)
5
104,382
Net assets
94,198
100
100
104,282
94,098
104,382
94,198
Shareholders' funds
For the year ended 31 January 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
|
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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
|
These financial statements were approved and authorised for issue by the Board on 30 October 2017 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 January 2017
Bedford Fabrics Limited
Notes to the Financial Statements
Statutory Information
Bedford Fabrics Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
04644111
.
|
3 Haydock Street
St Helens
Merseyside
WA10 1DD
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer equipment
Motor vehicles
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
|
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For the year ended 31 January 2017
Bedford Fabrics Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
91,648
2,291
5,182
14,175
70,000
19,000
-
-
-
19,000
14,175
5,182
2,291
110,648
89,000
Provision for depreciation and impairment
|
20,819
1,462
5,182
14,175
-
Charge for year
415
415
-
-
-
21,234
1,877
5,182
14,175
-
89,000
-
-
414
89,414
70,000
-
-
829
70,829
3
.
Trade and other receivables
|
2016
2017
12,609
4,034
2,528
8,292
12,326
15,137
4
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
11,733
41,376
Taxation and social security
|
7,322
1,913
50,213
49,360
69,268
92,649
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2016
2017
92,947
81,638
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