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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 APRIL 2019 TO 29 FEBRUARY 2020 |
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ARISTA KIDS LTD |
REGISTERED NUMBER:
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 APRIL 2019 TO 29 FEBRUARY 2020 |
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FOR |
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ARISTA KIDS LTD |
ARISTA KIDS LTD (REGISTERED NUMBER: 10626255) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2019 TO 29 FEBRUARY 2020 |
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Company Information | 1 |
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Abridged Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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ARISTA KIDS LTD |
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COMPANY INFORMATION |
FOR THE PERIOD 1 APRIL 2019 TO 29 FEBRUARY 2020 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
www.michaelfiliou.com |
Salisbury House |
81 High Street |
Potters Bar |
Hertfordshire |
EN6 5AS |
ARISTA KIDS LTD (REGISTERED NUMBER: 10626255) |
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
29 FEBRUARY 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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PROVISIONS FOR LIABILITIES |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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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. |
ARISTA KIDS LTD (REGISTERED NUMBER: 10626255) |
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ABRIDGED STATEMENT OF FINANCIAL POSITION - continued |
29 FEBRUARY 2020 |
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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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ARISTA KIDS LTD (REGISTERED NUMBER: 10626255) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2019 TO 29 FEBRUARY 2020 |
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1. | STATUTORY INFORMATION |
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Arista Kids Ltd is a
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number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Going concern |
The accounts have been prepared on a going concern basis. |
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The director is aware of material uncertainties that cast doubt on the company's ability to continue as a going |
concern. As with most businesses, these material uncertainties are in relation to the ongoing Covid-19 virus outbreak |
which has had an impact on the operations, customers, suppliers and staff. The director has (where appropriate) |
utilised the grants and benefits available from the government and are taking all the steps they can to protect the |
future of the business. |
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The director has also prepared a cash flow forecast for the period to February 2021 and on this basis believe that the |
company has sufficient facilities to meet its liabilities as they fall due for the foreseeable future, and specifically for a |
period of not less than 12 months from the date of the signing of these financial statements. The director therefore |
considers the preparation of the financial statements on a going concern basis to be appropriate |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Office Equipment - 25% reducing balance |
Fixtures & Fittings - 25% reducing balance |
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Taxation |
Taxation for the period 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 statement of financial position date. |
ARISTA KIDS LTD (REGISTERED NUMBER: 10626255) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 APRIL 2019 TO 29 FEBRUARY 2020 |
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2. | ACCOUNTING POLICIES - continued |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2019 |
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Additions |
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At 29 February 2020 |
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DEPRECIATION |
At 1 April 2019 |
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Charge for period |
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At 29 February 2020 |
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NET BOOK VALUE |
At 29 February 2020 |
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At 31 March 2019 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
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Ordinary | £1 | 1,000 | 1,000 |
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6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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At the balance sheet date the Company owed the Director Mr A Aristidou £40,685, (2019: £43,084). |
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This loan is interest free and repayable on demand. |
ARISTA KIDS LTD (REGISTERED NUMBER: 10626255) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 APRIL 2019 TO 29 FEBRUARY 2020 |
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7. | ULTIMATE CONTROLLING PARTY |
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By virtue of his 100% shareholding Mr A Aristidou is the ultimate controlling party. |