Company Registration No. 08950888 (England and Wales)
THE ENGLISH GARLAND COMPANY LTD
Unaudited accounts
for the year ended 31 March 2019
THE ENGLISH GARLAND COMPANY LTD
Unaudited accounts
Contents
THE ENGLISH GARLAND COMPANY LTD
Company Information
for the year ended 31 March 2019
Director
Sarah Jane Vaughan
Company Number
08950888 (England and Wales)
Registered Office
16 Guy Street
Warwick
CV34 4LN
Accountants
Accounts and Returns Ltd
26 Smith St
Warwick
CV34 4HS
THE ENGLISH GARLAND COMPANY LTD
Statement of financial position
as at
31 March 2019
Tangible assets
2,908
3,497
Inventories
67,501
43,840
Cash at bank and in hand
8,060
10,101
Creditors: amounts falling due within one year
(50,660)
(60,526)
Net current assets/(liabilities)
24,901
(6,137)
Net assets/(liabilities)
27,809
(2,640)
Called up share capital
100
100
Profit and loss account
27,709
(2,740)
Shareholders' funds
27,809
(2,640)
For the year ending 31 March 2019 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.
Approved by the Board on 19 December 2019.
Sarah Jane Vaughan
Director
Company Registration No. 08950888
THE ENGLISH GARLAND COMPANY LTD
Notes to the Accounts
for the year ended 31 March 2019
THE ENGLISH GARLAND COMPANY LTD is a private company, limited by shares, registered in England and Wales, registration number 08950888. The registered office is 16 Guy Street, Warwick, CV34 4LN.
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
25% Reducing Balance
Motor vehicles
25% Reducing Balance
THE ENGLISH GARLAND COMPANY LTD
Notes to the Accounts
for the year ended 31 March 2019
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Finished goods
35,068
43,840
7
Creditors: amounts falling due within one year
2019
2018
Trade creditors
695
1,062
Taxes and social security
6,316
5,516
Other creditors
43,649
53,948
8
Share capital
2019
2018
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
During the year, the company repaid £10,299 to a member of key management personnel. At the balance sheet date, the outstanding balance of the loan was £43,649 and is presented within creditors: amounts falling due within one year. The loan is to be repaid on demand and interest-free.
THE ENGLISH GARLAND COMPANY LTD
Notes to the Accounts
for the year ended 31 March 2019
10
Average number of employees
During the year the average number of employees was 3 (2018: 2).