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Bodill Partners Limited
05029990
2016-06-30
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1205804
549523
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549523
780
1701
1206584
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425309
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Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value of goods sold and services provided net of value added tax.
Investment properties
The applicable accounting standards require that investment properties be included in the balance sheet at their open market value but the director considers that to comply with this requirement would involve unjustifiable expense and properties are continuing to be stated at cost. No depreciation is provided on the freehold properties held for investment purposes.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Deferred taxation
Deferred tax is recognised in respect of all 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.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods
in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the
balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Investments
Investments are stated at cost and are subject to an annual impairment review.
Land & Buildings
Method for Freehold property
0.0000
Fixtures & Fittings
20% straight line
0.0000
Motorvehicles
20% straight line
0.0000
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16429
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738849
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217647
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-45141
27437
18981
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16429
Ordinary 'A'
900
1
900
900
Ordinary 'B'
100
1
100
100
Ordinary 'A'
1
100
100
100
Ordinary 'B'
1
100
100
100
The two classes of share rank pari passu in all respects save as to dividends.
The company was under the control of R A Bodill throughout the current and previous periods. R A Bodill is the managing director and majority shareholder.
The director's loan account of £42,000 at note 11 above (2014: creditor £696) is unsecured and repayable on demand. Interest has been charged at 3% per annum. The loan will be settled in full before 31 March 2017.
Aggregate dividends paid to R A Bodill during the period amounted to £89,000 (2014: £33,000).
The director paid £6,000 for private use of property owned by the company (2014: £3,000).
Included in other debtors at note 11 above is a loan of £413,637 (2014: £nil) owed by Bodill 1850 Limited, a company controlled by the director. This loan is unsecured, repayable on demand and currently interest free.
2016-10-12
R A Bodill
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Bodill Partners Limited
2015-01-01
2016-06-30
Bodill Partners Limited
2014-01-01
2014-12-31
Bodill Partners Limited
2013-12-31
Bodill Partners Limited
2014-12-31
Bodill Partners Limited
2014-12-31
Bodill Partners Limited
2016-06-30
2016-11-01