REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 December 2016 |
for |
A. Burrell & Sons Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 December 2016 |
for |
A. Burrell & Sons Limited |
A. Burrell & Sons Limited (Registered number: 02013178) |
Contents of the Financial Statements |
for the Year Ended 31 December 2016 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
A. Burrell & Sons Limited |
Company Information |
for the Year Ended 31 December 2016 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditors |
Chartered Accountants |
66-68 Oswald Road |
Scunthorpe |
North Lincolnshire |
DN15 7PG |
A. Burrell & Sons Limited (Registered number: 02013178) |
Balance Sheet |
31 December 2016 |
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
A. Burrell & Sons Limited (Registered number: 02013178) |
Notes to the Financial Statements |
for the Year Ended 31 December 2016 |
1. | STATUTORY INFORMATION |
A. Burrell & Sons Limited is a |
company's registered number and registered office address can be found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Freehold property | - |
Plant and motor vehicles | - |
Fixtures and fittings | - |
Computer equipment | - |
Stocks & work in progress |
Stocks are valued at the lower of cost, on a first-in first-out basis and net realisable value after making due |
allowance for any obsolete or slow moving items. Work in progress is valued at the cost of work done less |
progress payments received. In the opinion of the directors, there is no significant difference between the |
replacement cost of stocks and the balance sheet figure. |
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. |
Pension costs and other post-retirement benefits |
The company operates a defined benefit pension scheme. Contributions payable for the year are charged in the |
profit and loss account. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
A. Burrell & Sons Limited (Registered number: 02013178) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
4. | TANGIBLE FIXED ASSETS |
Plant and | Fixtures |
Freehold | motor | and | Computer |
property | vehicles | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 January 2016 |
and 31 December 2016 |
DEPRECIATION |
At 1 January 2016 |
Charge for year |
At 31 December 2016 |
NET BOOK VALUE |
At 31 December 2016 |
At 31 December 2015 |
Included in cost of land and buildings is freehold land of £ 122,750 (2015 - £ 122,750 ) which is not depreciated. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade creditors |
Corporation tax |
Social security and other taxes |
Directors' current accounts | 4,289 | 4,289 |
Accruals |
7. | SECURED DEBTS |
Barclays Bank plc have a charge over the land and property at Barnby Dun Road, Doncaster, South Yorkshire, |
DN2 4LS, registered on 8 January 1999. |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
9. | RELATED PARTY DISCLOSURES |
During the year company directors Mr R N Burrell and Mr P J Burrell received dividends from the company. Mr |
R N Burrell received £42,000 (2015: £42,000) and Mr P J Burrell received £42,000 (2015: £42,000). |
11. | APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
In common with many other businesses of our size and nature we use our auditors to prepare and submit |
returns to the tax authorities and assist with the preparation of the financial statements. |