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REGISTERED NUMBER:
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B & R Textiles Limited |
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Unaudited Financial Statements for the Year Ended 30 April 2019 |
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REGISTERED NUMBER:
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B & R Textiles Limited |
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Unaudited Financial Statements for the Year Ended 30 April 2019 |
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B & R Textiles Limited (Registered number: 01229617) |
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Contents of the Financial Statements |
for the Year Ended 30 April 2019 |
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Statement of Financial Position | 1 |
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Notes to the Financial Statements | 3 |
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B & R Textiles Limited (Registered number: 01229617) |
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Statement of Financial Position |
30 April 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Current assets |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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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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Provisions for liabilities |
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Net assets |
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Capital and reserves |
Called up share capital |
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Other reserves |
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Retained earnings |
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Shareholders' funds |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the Company keeps 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 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. |
B & R Textiles Limited (Registered number: 01229617) |
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Statement of Financial Position - continued |
30 April 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors on
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B & R Textiles Limited (Registered number: 01229617) |
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Notes to the Financial Statements |
for the Year Ended 30 April 2019 |
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1. | Statutory information |
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B & R Textiles Limited is a
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registered number and registered office address are as below: |
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Registered number: | 01229617 |
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Registered office: | 10 Bridge Street |
Christchurch |
Dorset |
BH23 1EF |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
The turnover shown in the profit and loss account represents amounts receivable for the year, exclusive of Value |
Added Tax in connection with the company's trade of textile merchants. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and |
impairment losses. |
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Stock and work in progress |
Stocks are measured at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained |
Earnings, 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 statement of financial position date. |
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B & R Textiles Limited (Registered number: 01229617) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2019 |
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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 statement of |
financial position 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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Defined contribution plans |
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is |
provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction |
in future payments or cash refund. |
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Impairment of fixed assets |
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being |
estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is |
impaired accordingly. Prior impairments are reviewed for possible reversal at each reporting date. |
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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. | Tangible fixed assets |
Fixtures |
Long | and | Motor | Computer |
leasehold | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
Cost |
At 1 May 2018 |
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Additions |
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Disposals | ( |
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At 30 April 2019 |
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Depreciation |
At 1 May 2018 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 April 2019 |
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Net book value |
At 30 April 2019 |
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At 30 April 2018 |
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B & R Textiles Limited (Registered number: 01229617) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2019 |
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5. | Debtors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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Directors' current accounts | 13,546 | - |
Prepayments |
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6. | Creditors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Trade creditors |
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Tax |
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Social security and other taxes |
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VAT | 27,003 | 20,277 |
Other creditors |
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Directors' current accounts | 23,445 | 22,499 |
Accrued expenses |
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7. | Leasing agreements |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2019 | 2018 |
£ | £ |
Within one year |
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Between one and five years |
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In more than five years |
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8. | Directors' advances, credits and guarantees |
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During the year,a director's current account was overdrawn by a maximum of £13,546 (2018 - £Nil). The account |
remained overdrawn by £13,546 at the year end. Interest has been charged on the overdrawn account. |