Company Registration No. 04415575 (England and Wales)
ALISON BRAND COMMUNICATIONS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2020
PAGES FOR FILING WITH REGISTRAR
ALISON BRAND COMMUNICATIONS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ALISON BRAND COMMUNICATIONS LTD
BALANCE SHEET
AS AT
30 APRIL 2020
30 April 2020
- 1 -
2020
2019
Notes
£
£
£
£
Current assets
Debtors
4
1,228
10,018
Creditors: amounts falling due within one year
5
(8,818)
(15,118)
Net current liabilities
(7,590)
(5,100)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(7,690)
(5,200)
Total equity
(7,590)
(5,100)
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 period ended 30 April 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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.
T
he members have not required the company to obtain an audit of its financial statements for the period 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 30 April 2020
A Eden
Director
Company Registration No. 04415575
ALISON BRAND COMMUNICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2020
- 2 -
1
Accounting policies
Company information
Alison Brand Communications Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
30 Upper High Street, Thame, Oxfordshire, OX9 3EZ.
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 a
mounts
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
Reporting period
The reporting period is from 1 April 2019 to 30 April 2020. Hence, the
comparative amounts presented in the financial statements (including
the related notes) are not entirely comparable.
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:
Fixtures and fittings
33% Straight Line
Computers
33% Straight Line
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
Cash and cash equivalents
Cash and cash equivalents
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.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
ALISON BRAND COMMUNICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2020
1
Accounting policies
(Continued)
- 3 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 0 (2019: 0
)
2020
2019
Number
Number
Total
-
-
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 April 2019
2,607
9,523
12,130
Disposals
(2,607)
(9,523)
(12,130)
At 30 April 2020
-
-
-
Depreciation and impairment
At 1 April 2019
2,607
9,523
12,130
Eliminated in respect of disposals
(2,607)
(9,523)
(12,130)
At 30 April 2020
-
-
-
Carrying amount
At 30 April 2020
-
-
-
At 31 March 2019
-
-
-
4
Debtors
2020
2019
Amounts falling due within one year:
£
£
Corporation tax recoverable
1,228
5,108
Other debtors
-
4,910
1,228
10,018
ALISON BRAND COMMUNICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2020
- 4 -
5
Creditors: amounts falling due within one year
2020
2019
£
£
Bank loans and overdrafts
-
12,243
Trade creditors
-
1,625
Other creditors
8,818
1,250
8,818
15,118