BUILDERS TRADE CENTER LTD

Company Registration Number:
07901753 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

BUILDERS TRADE CENTER LTD

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

BUILDERS TRADE CENTER LTD

Balance sheet

As at 31 March 2018


Notes

2018

2017


£

£
Fixed assets
Intangible assets: 3 28,255 37,673
Tangible assets: 4 631,002 267,746
Investments: 5 11,326 11,326
Total fixed assets: 670,583 316,745
Current assets
Stocks: 627,150 617,002
Debtors:   1,759,743 528,044
Cash at bank and in hand: 312,212 288,373
Total current assets: 2,699,105 1,433,419
Creditors: amounts falling due within one year:   (2,915,411) (1,678,098)
Net current assets (liabilities): (216,306) (244,679)
Total assets less current liabilities: 454,277 72,066
Total net assets (liabilities): 454,277 72,066
Capital and reserves
Called up share capital: 3 3
Profit and loss account: 454,274 72,063
Shareholders funds: 454,277 72,066

The notes form part of these financial statements

BUILDERS TRADE CENTER LTD

Balance sheet statements

For the year ending 31 March 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 December 2018
and signed on behalf of the board by:

Name: MR S MAHMOOD
Status: Director

The notes form part of these financial statements

BUILDERS TRADE CENTER LTD

Notes to the Financial Statements

for the Period Ended 31 March 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc 20% on cost

Intangible fixed assets and amortisation policy

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies

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.

BUILDERS TRADE CENTER LTD

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Employees

2018 2017
Average number of employees during the period 14 12

BUILDERS TRADE CENTER LTD

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Intangible Assets

Total
Cost £
At 01 April 2017 94,179
At 31 March 2018 94,179
Amortisation
At 01 April 2017 56,506
Charge for year 9,418
At 31 March 2018 65,924
Net book value
At 31 March 2018 28,255
At 31 March 2017 37,673

BUILDERS TRADE CENTER LTD

Notes to the Financial Statements

for the Period Ended 31 March 2018

4. Tangible Assets

Total
Cost £
At 01 April 2017 314,284
Additions 387,414
At 31 March 2018 701,698
Depreciation
At 01 April 2017 46,538
Charge for year 24,158
At 31 March 2018 70,696
Net book value
At 31 March 2018 631,002
At 31 March 2017 267,746

BUILDERS TRADE CENTER LTD

Notes to the Financial Statements

for the Period Ended 31 March 2018

5. Fixed investments

Net book value £11,326