for the Period Ended 31 December 2020
Company Information - 3 | |
Report of the Directors - 4 | |
Balance sheet - 5 | |
Additional notes - 7 | |
Balance sheet notes - 11 |
for the Period Ended 31 December 2020
Director: |
|
|
|
||
Secretary: |
|
|
Registered office: |
England |
|
Company Registration Number: |
|
|
The directors present their report with the financial statements of the company for the period ended 31 December 2020
Principal Activities
Political and charitable donations
Directors
The directors shown below have held office during the whole of the period from 01 January 2020 to 31 December 2020
Secretary
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
As at
Notes |
2020 £ |
2019 £ |
|
---|---|---|---|
Fixed assets | |||
Tangible assets: | 4 |
|
|
Total fixed assets: |
|
|
|
Current assets | |||
Stocks: |
|
|
|
Debtors: | 5 |
|
|
Cash at bank and in hand: |
|
|
|
Total current assets: |
|
|
|
Creditors: amounts falling due within one year: | 6 |
( |
( |
Net current assets (liabilities): |
|
|
|
Total assets less current liabilities: |
|
|
|
Creditors: amounts falling due after more than one year: | 7 |
( |
( |
Total net assets (liabilities): |
|
|
The notes form part of these financial statements
As at 31 December 2020
Notes |
2020 £ |
2019 £ |
|
---|---|---|---|
Capital and reserves | |||
Called up share capital: |
|
|
|
Profit and loss account: |
|
|
|
Shareholders funds: |
|
|
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2020
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Depreciation is recognised to write-off the cost or valuation of the assets, less their residual values, over their useful lives at the following rates:
Leasehold improvements - 20% on a reducing balance basis
Plant and machinery - 25% on a reducing balance basis
Motor vehicles - 25% on a reducing balance basis
Office equipment - 33.33% on a straight line basis
Franchise set-up - 20% on a straight line basis
Any 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 and loss.
Valuation information and policy
Inventories are valued at the lower of cost or net realisable value, after making allowance for obsolete or slow moving items. Cost includes all direct expenditure and overheads associated with the acquisition of each item.
At each reporting date, an assessment is made for impairment. Any excess, or deficit, of the carrying amount of inventories over their net realisable value is recognised as an impairment gain, or loss, in the profit and loss.
for the Period Ended 31 December 2020
Other accounting policies
for the Period Ended 31 December 2020
2020 |
2019 |
|
---|---|---|
Average number of employees during the period |
|
|
for the Period Ended 31 December 2020
for the Period Ended 31 December 2020
Total | |
---|---|
Cost | £ |
At 01 January 2020 |
|
Additions |
|
Disposals |
( |
Revaluations |
|
Transfers |
|
At 31 December 2020 |
|
Depreciation | |
At 01 January 2020 |
|
Charge for year |
|
On disposals |
( |
Other adjustments |
|
At 31 December 2020 |
|
Net book value | |
At 31 December 2020 |
|
At 31 December 2019 |
|
for the Period Ended 31 December 2020
£ £
Amounts falling due within one year:
2019 2020
Trade debtors 121,318 77,519
Prepayments 48,893 33,795
Other debtors 169,953 211,038
340,164 322,352
for the Period Ended 31 December 2020
Amounts falling due within one year:
2020 (£) 2019 (£)
Trade creditors 568,196 344,739
Corporation tax 52,913 0
Other tax and social security 163,424 92,081
Other creditors 132,548 135,962
917,081 572,782
for the Period Ended 31 December 2020
Amounts falling due after one year:
2020 (£) 2019 (£)
ESME Loans 156,902 219,552
156,902 219,552
for the Period Ended 31 December 2020
2020 £ |
|
---|---|
Balance at 31 December 2020 |
|