Company Registration No. 00997025 (England and Wales)
BEROX MACHINE TOOL COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018
PAGES FOR FILING WITH REGISTRAR
BEROX MACHINE TOOL COMPANY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
BEROX MACHINE TOOL COMPANY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2018
31 March 2018
- 1 -
2018
2017
Notes
£
£
£
£
Fixed assets
Tangible assets
2
143,746
143,746
Current assets
Debtors
3
155
155
Cash at bank and in hand
347
347
502
502
Creditors: amounts falling due within one year
4
(74,967)
(74,967)
Net current liabilities
(74,465)
(74,465)
Total assets less current liabilities
69,281
69,281
Capital and reserves
Called up share capital
5
10,000
10,000
Revaluation reserve
6
146,773
146,773
Profit and loss reserves
(87,492)
(87,492)
Total equity
69,281
69,281
BEROX MACHINE TOOL COMPANY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2018
31 March 2018
- 2 -

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and signed by the director and authorised for issue on 26 October 2018
Mrs P Beran
Director
Company Registration No. 00997025
BEROX MACHINE TOOL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018
- 3 -
1
Accounting policies
Company information

Berox Machine Tool Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o HJS Chartered Accountants, 12-14 Carlton Place, Southampton, Hampshire, England, SO15 2EA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
0% on reducing balance
Fixtures, fittings & equipment
25% on reducing balance
Computer equipment
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets. A provision is made for any impairment loss and taken to the profit and loss account.

1.5
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

BEROX MACHINE TOOL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2018
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The company only enters into Basic financial instrument transactions.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

 

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

BEROX MACHINE TOOL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2018
- 5 -
2
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2017 and 31 March 2018
143,273
6,307
149,580
Depreciation and impairment
At 1 April 2017 and 31 March 2018
-
5,834
5,834
Carrying amount
At 31 March 2018
143,273
473
143,746
At 31 March 2017
143,273
473
143,746
3
Debtors
2018
2017
Amounts falling due within one year:
£
£
Trade debtors
1
1
Other debtors
154
154
155
155
4
Creditors: amounts falling due within one year
2018
2017
£
£
Trade creditors
28,599
28,599
Corporation tax
50
50
Other creditors
46,318
46,318
74,967
74,967
5
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
10,000 Ordinary of £1 each
10,000
10,000
10,000
10,000
6
Revaluation reserve
BEROX MACHINE TOOL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2018
6
Revaluation reserve
(Continued)
- 6 -
2018
2017
£
£
At beginning and end of year
146,773
146,773
2018-03-312017-04-01trueCCH SoftwareCCH Accounts Production 2018.300No description of principal activity26 October 2018Mrs P Beran009970252017-04-012018-03-31009970252018-03-31009970252017-03-3100997025core:LandBuildings2018-03-3100997025core:OtherPropertyPlantEquipment2018-03-3100997025core:LandBuildings2017-03-3100997025core:OtherPropertyPlantEquipment2017-03-3100997025core:CurrentFinancialInstruments2018-03-3100997025core:CurrentFinancialInstruments2017-03-3100997025core:ShareCapital2018-03-3100997025core:ShareCapital2017-03-3100997025core:RevaluationReserve2018-03-3100997025core:RevaluationReserve2017-03-3100997025core:RetainedEarningsAccumulatedLosses2018-03-3100997025core:RetainedEarningsAccumulatedLosses2017-03-3100997025core:ShareCapitalOrdinaryShares2018-03-3100997025core:ShareCapitalOrdinaryShares2017-03-3100997025bus:Director12017-04-012018-03-3100997025core:LandBuildingscore:LeasedAssetsHeldAsLessee2017-04-012018-03-3100997025core:FurnitureFittings2017-04-012018-03-3100997025core:ComputerEquipment2017-04-012018-03-3100997025core:LandBuildings2017-03-3100997025core:OtherPropertyPlantEquipment2017-03-31009970252017-03-3100997025bus:OrdinaryShareClass12017-04-012018-03-3100997025bus:OrdinaryShareClass12018-03-3100997025bus:EntityNoLongerTradingButTradedInPast2017-04-012018-03-3100997025bus:PrivateLimitedCompanyLtd2017-04-012018-03-3100997025bus:FRS1022017-04-012018-03-3100997025bus:AuditExemptWithAccountantsReport2017-04-012018-03-3100997025bus:SmallCompaniesRegimeForAccounts2017-04-012018-03-3100997025bus:FullAccounts2017-04-012018-03-31xbrli:purexbrli:sharesiso4217:GBP