back to BUDENBERG GAUGE COMPANY LIMITED detail
Budenberg Gauge Company Limited - Accounts to registrar (filleted) - small 18.2
IRIS Accounts Production
v18.3.0.592
00072396
Board of Directors
1.1.18
31.12.18
31.12.18
false
true
false
false
true
false
iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure000723962017-12-31000723962018-12-31000723962018-01-012018-12-31000723962016-12-31000723962017-01-012017-12-31000723962017-12-3100072396ns15:EnglandWales2018-01-012018-12-3100072396ns14:PoundSterling2018-01-012018-12-3100072396ns10:Director12018-01-012018-12-3100072396ns10:PrivateLimitedCompanyLtd2018-01-012018-12-3100072396ns10:SmallEntities2018-01-012018-12-3100072396ns10:AuditExempt-NoAccountantsReport2018-01-012018-12-3100072396ns10:SmallCompaniesRegimeForDirectorsReport2018-01-012018-12-3100072396ns10:SmallCompaniesRegimeForAccounts2018-01-012018-12-3100072396ns10:FullAccounts2018-01-012018-12-3100072396ns10:Director22018-01-012018-12-3100072396ns10:Director32018-01-012018-12-3100072396ns10:CompanySecretary12018-01-012018-12-3100072396ns10:RegisteredOffice2018-01-012018-12-3100072396ns5:CurrentFinancialInstruments2018-12-3100072396ns5:CurrentFinancialInstruments2017-12-3100072396ns5:Non-currentFinancialInstruments2018-12-3100072396ns5:Non-currentFinancialInstruments2017-12-3100072396ns5:ShareCapital2018-12-3100072396ns5:ShareCapital2017-12-3100072396ns5:RetainedEarningsAccumulatedLosses2018-12-3100072396ns5:RetainedEarningsAccumulatedLosses2017-12-3100072396ns5:PlantMachinery2018-01-012018-12-3100072396ns5:PlantMachinery2017-12-3100072396ns5:PlantMachinery2018-12-3100072396ns5:PlantMachinery2017-12-3100072396ns5:CostValuation2017-12-3100072396ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-12-3100072396ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-12-31
REGISTERED NUMBER: 00072396 (England and Wales) |
Unaudited Financial Statements for the Year Ended 31 December 2018 |
Budenberg Gauge Company Limited |
Notes to the Financial Statements |
4 |
|
|
REGISTERED OFFICE: |
4 Gilchrist Road |
|
REGISTERED NUMBER: |
00072396 (England and Wales) |
|
ACCOUNTANTS: |
BrierleyHolt (Accountants) Limited |
Tangible assets |
4 |
99,515 |
|
149,441 |
|
|
Debtors |
6 |
991,454 |
|
726,588 |
|
|
Cash at bank |
44,107 |
|
85,940 |
|
|
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 |
|
|
Amounts falling due after more than one year |
8 |
24,734 |
|
59,870 |
|
|
NET ASSETS |
1,021,975 |
|
769,909 |
|
|
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: |
|
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. |
|
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 is measured at the fair value of the consideration received or receivable, excluding |
| discounts, rebates, value added tax and other sales taxes. |
|
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 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 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 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 |
|
Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over |
|
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 ) . |
|
At 1 January 2018 |
804,712 |
|
|
|
At 31 December 2018 |
830,491 |
|
|
|
At 1 January 2018 |
655,271 |
|
|
|
At 31 December 2018 |
730,976 |
|
|
|
At 31 December 2018 |
99,515 |
|
|
|
At 31 December 2017 |
149,441 |
|
|
5. |
FIXED ASSET INVESTMENTS |
|
Amounts falling due within one year: |
|
Trade debtors |
782,766 |
|
492,525 |
|
|
|
Other debtors |
46,724 |
|
46,679 |
|
|
|
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 |
|
|
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 |
|
|
8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
|
|
Hire purchase contracts |
24,734 |
|
59,870 |
|
|