REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
1 October 2021 to 29 September 2022 |
for |
Edward Bulmer Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
1 October 2021 to 29 September 2022 |
for |
Edward Bulmer Limited |
Edward Bulmer Limited (Registered number: 04285372) |
Contents of the Financial Statements |
for the Period 1 October 2021 to 29 September 2022 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Edward Bulmer Limited |
Company Information |
for the Period 1 October 2021 to 29 September 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
2 Wyevale Business Park |
Kings Acre |
Hereford |
Herefordshire |
HR4 7BS |
Edward Bulmer Limited (Registered number: 04285372) |
Abridged Balance Sheet |
29 September 2022 |
29.9.22 | 30.9.21 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings | ( |
) | ( |
) |
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. |
Edward Bulmer Limited (Registered number: 04285372) |
Abridged Balance Sheet - continued |
29 September 2022 |
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 and authorised for issue on |
Edward Bulmer Limited (Registered number: 04285372) |
Notes to the Financial Statements |
for the Period 1 October 2021 to 29 September 2022 |
1. | STATUTORY INFORMATION |
Edward Bulmer Limited is a |
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. |
Intangible assets |
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. |
Tangible fixed assets |
Improvements to property | - |
Fixtures and fittings | - |
Computer equipment | - |
Government grants |
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. |
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. |
Financial instruments are recognised 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. |
Edward Bulmer Limited (Registered number: 04285372) |
Notes to the Financial Statements - continued |
for the Period 1 October 2021 to 29 September 2022 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period 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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 October 2021 |
and 29 September 2022 |
AMORTISATION |
At 1 October 2021 |
and 29 September 2022 |
NET BOOK VALUE |
At 29 September 2022 |
At 30 September 2021 |
Edward Bulmer Limited (Registered number: 04285372) |
Notes to the Financial Statements - continued |
for the Period 1 October 2021 to 29 September 2022 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 October 2021 |
Additions |
At 29 September 2022 |
DEPRECIATION |
At 1 October 2021 |
Charge for period |
At 29 September 2022 |
NET BOOK VALUE |
At 29 September 2022 |
At 30 September 2021 |
6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the period ended 29 September 2022 and the year ended 30 September 2021: |
29.9.22 | 30.9.21 |
£ | £ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
7. | RELATED PARTY DISCLOSURES |
The company charged consultancy fees during the period in respect of Gent Fairhead Aggregates Limited (GFA) in which Mrs E K Bulmer is a related party. The total amount recharged to GFA during the period amounted to £14,143 (2021:£218,124) including interest of £Nil (2021: £14,461). At the year end, the amount outstanding from GFA in respect of these recharges and consultancy fees, included £24,000 (2021: £2,400) within trade debtors, and £659 (2021: £451) in other debtors. |
During the year, the company charged consultancy fees of £35,000 (2021: £56,350) and office support costs of £12,000 (2021: £3,000) to Natural Paint UK Limited (a company related by common control). At the year end an amount was owed to to the company of £150,809 (2021: £115,511). |