REGISTERED NUMBER:
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DeTrafford Sky Gardens Ltd |
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Unaudited Financial Statements |
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for the Year Ended 31 December 2019 |
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REGISTERED NUMBER:
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DeTrafford Sky Gardens Ltd |
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Unaudited Financial Statements |
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for the Year Ended 31 December 2019 |
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DeTrafford Sky Gardens Ltd (Registered number: 08996753) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2019 |
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Company information | 1 |
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Balance sheet | 2 |
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Notes to the financial statements | 4 |
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DeTrafford Sky Gardens Ltd |
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Company Information |
for the Year Ended 31 December 2019 |
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Director: |
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Secretary: |
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Registered office: |
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Registered number: |
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Accountants: |
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Chartered Accountants |
76 Manchester Road |
Denton |
Manchester |
M34 3PS |
DeTrafford Sky Gardens Ltd (Registered number: 08996753) |
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Balance Sheet |
31 December 2019 |
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31.12.19 | 31.12.18 |
Notes | £ | £ |
Current assets |
Stocks |
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Debtors | 4 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 5 |
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Net current assets |
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Total assets less current liabilities |
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Capital and reserves |
Called up share capital |
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Retained earnings |
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Shareholders' funds |
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The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
DeTrafford Sky Gardens Ltd (Registered number: 08996753) |
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Balance Sheet - continued |
31 December 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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DeTrafford Sky Gardens Ltd (Registered number: 08996753) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2019 |
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1. | Statutory information |
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DeTrafford Sky Gardens Ltd is a
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
DeTrafford Sky Gardens Ltd (Registered number: 08996753) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2019 |
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2. | Accounting policies - continued |
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Revenue recognition |
Turnover represents amounts receivable for properties and services provided in the normal course of business, net of trade discounts, VAT and other sales related taxes. |
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Revenue is recognised when the Company has obtained the right to receive consideration in exchange for its performance under contracts for sale. Revenue is recognised on sales of properties when the notice for legal completion is served on the purchaser at the point of completion of the Companies obligation to the purchaser under the contract for sale. |
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3. | Employees and directors |
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The average number of employees during the year was NIL (2018 - NIL). |
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4. | Debtors: amounts falling due within one year |
31.12.19 | 31.12.18 |
£ | £ |
Other debtors |
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5. | Creditors: amounts falling due within one year |
31.12.19 | 31.12.18 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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6. | Secured debts |
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The following secured debts are included within creditors: |
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31.12.19 | 31.12.18 |
£ | £ |
Other loans |
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The loan is secured by a fixed and floating charge over the assets of the company. |