Company Registration No. 08016354 (England and Wales)
Advantage Sails Limited
Unaudited accounts
for the year ended 30 April 2021
Advantage Sails Limited
Unaudited accounts
Contents
Advantage Sails Limited
Company Information
for the year ended 30 April 2021
Company Number
08016354 (England and Wales)
Registered Office
87a Shipyard Estate
Brightlingsea
Colchester
Essex
CO7 0AR
Accountants
Accounting Solutions Anglia Ltd
13 Cornflower Road
Jaywick Sands
Clacton on Sea
Essex
CO15 2RZ
Advantage Sails Limited
Statement of financial position
as at
30 April 2021
Inventories
20,004
15,308
Cash at bank and in hand
8,938
5,155
Creditors: amounts falling due within one year
(35,426)
(39,793)
Net current assets
3,535
1,185
Called up share capital
1
1
Profit and loss account
3,534
1,184
Shareholders' funds
3,535
1,185
For the year ending 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 January 2022 and were signed on its behalf by
Mark Self
Director
Company Registration No. 08016354
Advantage Sails Limited
Notes to the Accounts
for the year ended 30 April 2021
Advantage Sails Limited is a private company, limited by shares, registered in England and Wales, registration number 08016354. The registered office is 87a Shipyard Estate, Brightlingsea, Colchester, Essex, CO7 0AR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.3% on Cost
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
5
Debtors: amounts falling due within one year
2021
2020
Other debtors
10,019
20,515
Advantage Sails Limited
Notes to the Accounts
for the year ended 30 April 2021
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
5,767
7,656
Trade creditors
8,009
11,538
Taxes and social security
755
387
Other creditors
20,295
19,612
7
Share capital
2021
2020
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).