Company Registration Number 05983013 (England and Wales)
REFURB & DEVELOPMENT LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2019
REFURB & DEVELOPMENT LTD
CONTENTS
Page
Accountants' report
1
Profit and loss account
2
Balance sheet and notes to the financial statements
3 - 4
REFURB & DEVELOPMENT LTD
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF REFURB & DEVELOPMENT LTD
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Refurb & Development Ltd for the year ended 31 October 2019 set out on pages 2 to 4 from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html
.
This report is made solely to the
b
oard of
d
irectors of Refurb & Development Ltd, as a body, in accordance with the terms of our engagement letter
.
Our work has been undertaken solely to prepare for your approval the financial statements of Refurb & Development Ltd and state those matters that we have agreed to state to the
b
oard of
d
irectors of Refurb & Development Ltd, as a body, in this report in accordance with
the requirements of the Association of Chartered Certified Accountants
as detailed at
http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf
. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Refurb & Development Ltd and its
b
oard of
d
irectors as a body, for our work or for this report.
It is your duty to ensure that Refurb & Development Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit
of Refurb & Development Ltd. You consider that Refurb & Development Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Refurb & Development Ltd. For this reason, we have not verified the accuracy or completeness of the
accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Shaw Gibbs Limited
4 February 2020
Chartered Certified Accountants
Suite 1.4
3-4 Devonshire Street
London
W1W 5DT
REFURB & DEVELOPMENT LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 OCTOBER 2019
- 2 -
2019
2018
£
£
Turnover
616
2,100
Other income
152,832
161,760
Staff costs
(48,124)
(48,124)
Depreciation and other amounts written off assets
(8,462)
(8,363)
Other charges
(50,326)
(49,238)
Tax
(10,191)
(12,485)
Profit for the financial year
36,345
45,650
REFURB & DEVELOPMENT LTD
BALANCE SHEET
AS AT
31 OCTOBER 2019
31 October 2019
- 3 -
2019
2018
£
£
£
£
Fixed assets
2,220
9,364
Current assets
958,455
936,300
Prepayments and accrued income
7,209
7,225
Creditors: amounts falling due within one year
(908,430)
(894,476)
Net current assets
57,234
49,049
Total assets less current liabilities
59,454
58,413
Creditors: amounts falling due after more than one year
(40,000)
-
Net assets
19,454
58,413
Capital and reserves
19,454
58,413
Notes to the financial statements
1
Employees
The average number of persons
,
including directors
,
employed by the company during the year wa
s as follows:
2019
2018
Number
Number
Employees
4
4
REFURB & DEVELOPMENT LTD
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2019
31 October 2019
- 4 -
Refurb & Development Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 6 Gibson Gardens, Saffron Walden, Essex, CB10 1AW.
For the year ended 31 October 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their 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 in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 4 February 2020 and are signed on its behalf by:
Christopher John Selvey
Director
Company Registration Number 05983013