REGISTERED NUMBER: 00072396 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Budenberg Gauge Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

99,515

149,441

Investments

5

100

100

99,615

149,541

CURRENT ASSETS

Stocks

459,249

449,278

Debtors

6

991,454

726,588

Cash at bank

44,107

85,940

1,494,810

1,261,806

CREDITORS

Amounts falling due within one year

7

547,716

581,568

NET CURRENT ASSETS

947,094

680,238

TOTAL ASSETS LESS CURRENT LIABILITIES

1,046,709

829,779

CREDITORS

Amounts falling due after more than one year

8

24,734

59,870

NET ASSETS

1,021,975

769,909

CAPITAL AND RESERVES

Called up share capital

399,480

399,480

Retained earnings

622,495

370,429

SHAREHOLDERS' FUNDS

1,021,975

769,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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.

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 5 February 2019 and were signed on its behalf by:

J White - Director

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

have been enacted or substantively enacted by the balance sheet date.

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 23 (2017 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

804,712

Additions

25,779

At 31 December 2018

830,491

DEPRECIATION

At 1 January 2018

655,271

Charge for year

75,705

At 31 December 2018

730,976

NET BOOK VALUE

At 31 December 2018

99,515

At 31 December 2017

149,441

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2018

and 31 December 2018

100

NET BOOK VALUE

At 31 December 2018

100

At 31 December 2017

100

6.

DEBTORS

31.12.18

31.12.17

£

£

Amounts falling due within one year:

Trade debtors

782,766

492,525

Other debtors

46,724

46,679

829,490

539,204

Amounts falling due after more than one year:

Amounts owed by group undertakings

161,964

187,384

Aggregate amounts

991,454

726,588

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Hire purchase contracts

34,872

34,392

Trade creditors

133,068

140,140

Taxation and social security

30,550

22,529

Other creditors

349,226

384,507

547,716

581,568

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.18

31.12.17

£

£

Hire purchase contracts

24,734

59,870