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No description of principal activity
2020-04-01
Sage Accounts Production Advanced 2021 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
6005409
2020-04-01
2021-03-31
6005409
2021-03-31
6005409
2020-03-31
6005409
2019-04-01
2020-03-31
6005409
2020-03-31
6005409
core:FurnitureFittings
2020-04-01
2021-03-31
6005409
core:MotorVehicles
2020-04-01
2021-03-31
6005409
bus:Director1
2020-04-01
2021-03-31
6005409
core:WithinOneYear
2021-03-31
6005409
core:WithinOneYear
2020-03-31
6005409
core:UKTax
2020-04-01
2021-03-31
6005409
core:UKTax
2019-04-01
2020-03-31
6005409
core:ShareCapital
2021-03-31
6005409
core:ShareCapital
2020-03-31
6005409
core:RetainedEarningsAccumulatedLosses
2021-03-31
6005409
core:RetainedEarningsAccumulatedLosses
2020-03-31
6005409
bus:SmallEntities
2020-04-01
2021-03-31
6005409
bus:AuditExemptWithAccountantsReport
2020-04-01
2021-03-31
6005409
bus:AbridgedAccounts
2020-04-01
2021-03-31
6005409
bus:SmallCompaniesRegimeForAccounts
2020-04-01
2021-03-31
6005409
bus:PrivateLimitedCompanyLtd
2020-04-01
2021-03-31
COMPANY REGISTRATION NUMBER:
6005409
BILLINGS & EDMONDS (2006) LTD
|
|
Filleted Unaudited Abridged Financial Statements
|
|
BILLINGS & EDMONDS (2006) LTD
|
|
Abridged Statement of Financial Position
|
|
31 March 2021
Fixed assets
Intangible assets
|
6
|
|
1
|
1
|
Tangible assets
|
7
|
|
40,132
|
46,236
|
|
|
--------
|
--------
|
|
|
40,133
|
46,237
|
|
|
|
|
|
Current assets
Stocks
|
1,015,111
|
|
964,889
|
Debtors
|
64,759
|
|
41,805
|
Cash at bank and in hand
|
150,562
|
|
533
|
|
------------
|
|
------------
|
|
1,230,432
|
|
1,007,227
|
|
|
|
|
Creditors: amounts falling due within one year
|
420,172
|
|
390,212
|
|
------------
|
|
------------
|
Net current assets
|
|
810,260
|
617,015
|
|
|
---------
|
---------
|
Total assets less current liabilities
|
|
850,393
|
663,252
|
|
|
|
|
Provisions
Taxation including deferred tax
|
|
6,963
|
7,948
|
|
|
---------
|
---------
|
Net assets
|
|
843,430
|
655,304
|
|
|
---------
|
---------
|
|
|
|
|
Capital and reserves
Called up share capital
|
|
100
|
100
|
Profit and loss account
|
|
843,330
|
655,204
|
|
|
---------
|
---------
|
Shareholders funds
|
|
843,430
|
655,304
|
|
|
---------
|
---------
|
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
BILLINGS & EDMONDS (2006) LTD
|
|
Abridged Statement of Financial Position (continued)
|
|
31 March 2021
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
7 December 2021
, and are signed on behalf of the board by:
Company registration number:
6005409
BILLINGS & EDMONDS (2006) LTD
|
|
Notes to the Abridged Financial Statements
|
|
Year ended 31 March 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Wolsey Mansions, Main avenue, Northwood, Middlesex, HA6 2HL, UK.
2.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. 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.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures & Fittings
|
-
|
15% reducing balance
|
|
Motor Vehicle
|
-
|
25% reducing balance
|
|
Computer Equipment
|
-
|
|
|
|
|
|
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
3.
Employee numbers
The average number of persons employed by the company during the year amounted to
35
(2020:
41
).
4.
Tax on profit
Major components of tax expense
Current tax:
UK current tax expense
|
114,603
|
49,793
|
|
|
|
Deferred tax:
Origination and reversal of timing differences
|
(
985)
|
(
1,721)
|
|
---------
|
--------
|
Tax on profit
|
113,618
|
48,072
|
|
---------
|
--------
|
|
|
|
5.
Dividends
Dividends of £295,700(2020 £214,700)were paid during the year.
6.
Intangible assets
|
£
|
Cost
|
|
At 1 April 2020 and 31 March 2021
|
150,000
|
|
---------
|
Amortisation
|
|
At 1 April 2020 and 31 March 2021
|
149,999
|
|
---------
|
Carrying amount
|
|
At 31 March 2021
|
1
|
|
---------
|
At 31 March 2020
|
1
|
|
---------
|
|
|
7.
Tangible assets
|
£
|
Cost
|
|
At 1 April 2020
|
225,127
|
Additions
|
2,352
|
|
---------
|
At 31 March 2021
|
227,479
|
|
---------
|
Depreciation
|
|
At 1 April 2020
|
178,891
|
Charge for the year
|
8,456
|
|
---------
|
At 31 March 2021
|
187,347
|
|
---------
|
Carrying amount
|
|
At 31 March 2021
|
40,132
|
|
---------
|
At 31 March 2020
|
46,236
|
|
---------
|
|
|
8.
Employee benefits
Defined contribution plans
The amount recognised in profit or loss as an expense in relation to defined contribution plans was £
7,027
(2020: £
6,266
).
9.
Related party transactions
The company was under the control of
Mr R Kumar
throughout the current year. Mr R Kumar
is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.