back to BUDENBERG GAUGE COMPANY LIMITED detail Budenberg Gauge Company Limited - Accounts to registrar - small 16.3
IRIS Accounts Production v16.3.3.5 00072396 Board of Directors 1.1.16 31.12.16 31.12.16 false true false false false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure000723962015-12-31000723962016-12-31000723962016-01-012016-12-31000723962014-12-31000723962015-01-012015-12-31000723962015-12-3100072396ns15:EnglandWales2016-01-012016-12-3100072396ns14:PoundSterling2016-01-012016-12-3100072396ns10:Director12016-01-012016-12-3100072396ns10:PrivateLimitedCompanyLtd2016-01-012016-12-3100072396ns10:SmallEntities2016-01-012016-12-3100072396ns10:AuditExempt-NoAccountantsReport2016-01-012016-12-3100072396ns10:SmallCompaniesRegimeForDirectorsReport2016-01-012016-12-3100072396ns10:SmallCompaniesRegimeForAccounts2016-01-012016-12-3100072396ns10:FullAccounts2016-01-012016-12-3100072396ns10:Director22016-01-012016-12-3100072396ns10:Director32016-01-012016-12-3100072396ns10:CompanySecretary12016-01-012016-12-3100072396ns10:RegisteredOffice2016-01-012016-12-3100072396ns5:CurrentFinancialInstruments2016-12-3100072396ns5:CurrentFinancialInstruments2015-12-3100072396ns5:Non-currentFinancialInstruments2016-12-3100072396ns5:Non-currentFinancialInstruments2015-12-3100072396ns5:ShareCapital2016-12-3100072396ns5:ShareCapital2015-12-3100072396ns5:RetainedEarningsAccumulatedLosses2016-12-3100072396ns5:RetainedEarningsAccumulatedLosses2015-12-3100072396ns5:PlantMachinery2015-12-3100072396ns5:PlantMachinery2016-01-012016-12-3100072396ns5:PlantMachinery2016-12-3100072396ns5:PlantMachinery2015-12-3100072396ns5:CostValuation2015-12-3100072396ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-12-3100072396ns5:CurrentFinancialInstrumentsns5:WithinOneYear2015-12-31
REGISTERED NUMBER: 00072396 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2016

for

Budenberg Gauge Company Limited

Budenberg Gauge Company Limited (Registered number: 00072396)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Budenberg Gauge Company Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: J White
B Bason
A Kania





SECRETARY:





REGISTERED OFFICE: 4 Gilchrist Road
Irlam
Manchester
Greater Manchester
M44 5AY





REGISTERED NUMBER: 00072396 (England and Wales)





ACCOUNTANTS: BrierleyHolt (Accountants) Limited
78 Borough Road
Altrincham
Cheshire
WA15 9EJ

Budenberg Gauge Company Limited (Registered number: 00072396)

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 189,632 259,670
Investments 5 100 100
189,732 259,770

CURRENT ASSETS
Stocks 406,235 436,187
Debtors 6 586,914 379,921
Cash at bank 14,056 43,843
1,007,205 859,951
CREDITORS
Amounts falling due within one year 7 527,728 601,469
NET CURRENT ASSETS 479,477 258,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

669,209

518,252

CREDITORS
Amounts falling due after more than
one year

8

94,482

94,748
NET ASSETS 574,727 423,504

CAPITAL AND RESERVES
Called up share capital 399,480 399,480
Retained earnings 175,247 24,024
SHAREHOLDERS' FUNDS 574,727 423,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

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.

Budenberg Gauge Company Limited (Registered number: 00072396)

Balance Sheet - continued
31 December 2016


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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 March 2017 and were
signed on its behalf by:





J White - Director


Budenberg Gauge Company Limited (Registered number: 00072396)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Budenberg Gauge Company Limited is a private company, limited by shares , registered in
England and Wales. The company's registered number and registered office address can be
found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - at variable rates on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

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.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that
have been enacted or substantively enacted by the balance sheet date.


Budenberg Gauge Company Limited (Registered number: 00072396)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over
the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016 784,915
Additions 10,938
At 31 December 2016 795,853
DEPRECIATION
At 1 January 2016 525,245
Charge for year 80,976
At 31 December 2016 606,221
NET BOOK VALUE
At 31 December 2016 189,632
At 31 December 2015 259,670

Budenberg Gauge Company Limited (Registered number: 00072396)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2016
and 31 December 2016 100
NET BOOK VALUE
At 31 December 2016 100
At 31 December 2015 100

6. DEBTORS
31.12.16 31.12.15
£    £   
Amounts falling due within one year:
Trade debtors 379,560 223,118
Other debtors 23,870 30,358
403,430 253,476

Amounts falling due after more than one year:
Amounts owed by group undertakings 183,484 126,445

Aggregate amounts 586,914 379,921

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Hire purchase contracts 34,037 40,107
Trade creditors 121,385 172,564
Taxation and social security 17,141 16,717
Other creditors 355,165 372,081
527,728 601,469

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.16 31.12.15
£    £   
Hire purchase contracts 94,482 94,748