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Unaudited Financial Statements |
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for the Year Ended 29th February 2020 |
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for |
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BPR Construction Ltd |
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Unaudited Financial Statements |
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for the Year Ended 29th February 2020 |
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for |
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BPR Construction Ltd |
BPR Construction Ltd (Registered number: 07943807) |
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Contents of the Financial Statements |
for the year ended 29th February 2020 |
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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 | 4 |
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BPR Construction Ltd |
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Company Information |
for the year ended 29th February 2020 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
Black Bull House |
353-355 Station Road |
Bamber Bridge |
Preston |
Lancashire |
PR5 6EE |
BPR Construction Ltd (Registered number: 07943807) |
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Balance Sheet |
29th February 2020 |
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2020 | 2019 |
as restated |
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 |
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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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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET (LIABILITIES)/ASSETS | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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The director acknowledges his 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. |
BPR Construction Ltd (Registered number: 07943807) |
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Balance Sheet - continued |
29th February 2020 |
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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 and authorised for issue on
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BPR Construction Ltd (Registered number: 07943807) |
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Notes to the Financial Statements |
for the year ended 29th February 2020 |
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1. | STATUTORY INFORMATION |
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BPR Construction Ltd is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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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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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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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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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
BPR Construction Ltd (Registered number: 07943807) |
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Notes to the Financial Statements - continued |
for the year ended 29th February 2020 |
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2. | ACCOUNTING POLICIES - continued |
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Covid-19 |
In March 2020, the UK entered into a nationwide lockdown as a result of the global pandemic COVID-19 and many companies have experienced trading difficulties as a result. |
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At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the director continues to adopt the going concern basis of accounting in preparing the financial statements. |
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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 |
Plant and |
machinery |
etc |
£ |
COST |
At 1st March 2019 |
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Additions |
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At 29th February 2020 |
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DEPRECIATION |
At 1st March 2019 |
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Charge for year |
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At 29th February 2020 |
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NET BOOK VALUE |
At 29th February 2020 |
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At 28th February 2019 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
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Plant and |
machinery |
etc |
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COST |
At 1st March 2019 |
and 29th February 2020 |
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DEPRECIATION |
At 1st March 2019 |
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Charge for year |
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At 29th February 2020 |
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NET BOOK VALUE |
At 29th February 2020 |
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At 28th February 2019 |
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BPR Construction Ltd (Registered number: 07943807) |
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Notes to the Financial Statements - continued |
for the year ended 29th February 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
as restated |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
as restated |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2020 | 2019 |
as restated |
£ | £ |
Bank loans |
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Hire purchase contracts |
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Other creditors |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2020 | 2019 |
as restated |
£ | £ |
Hire purchase contracts | 8,844 | 14,558 |
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9. | RELATED PARTY DISCLOSURES |
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The director has provided personal guarantees over the company's loans. |
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10. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party of the company is the director. |