for the Period Ended 31 December 2020
Company Information - 3 | |
Report of the Directors - 4 | |
Profit and Loss Account - 5 | |
Balance sheet - 6 | |
Footnotes to the Balance Sheet - 8 |
for the Period Ended 31 December 2020
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Registered office: |
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Company Registration Number: |
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The directors present their report with the financial statements of the company for the period ended 31 December 2020
Principal Activities
Additional information
Business Review Sales turnover in the year under review was £17813.00, definitely lower than last year and in relation to the company's development plans due to the COVID-19 pandemic. The company's development costs and investment costs were covered from income not directly related to the business profile and Bouncy Loan. The next year will be a further investment stage in order to reach the level enabling the achievement of production capacities enabling contracting supplies of bees to beekeepers and breeders. Dividends Declared The paid-in shares in full and additional funds obtained in total were used for the company's investment development. Due to the pandemic situation, no dividends will be disbursed and all possible income will be allocated to the costs and related to the development of the company. Number of ordinary shares held: 1000 Company Directors Sylwester Krolak 100% shares held at year end accounts date 31.12.2020. Financial Control The directors acknowledge responsibility for the company’s system of internal financial control and believe the established systems including the computerization of the company’s financial accounts are appropriate to the business. No material losses or contingencies have arisen during the 10 months trading period that would require disclosure by the directors. Having formed an opinion at the time of approving these accounts it is the intention of the directors to continue to support the company financially, the profits earned and retained within the company being sufficient to ensure the company has adequate resources to continue existing trading policies and the directors have adopted a going concern basis in preparing the accounts. It is the view of the directors that the company accounts presented represent a true and fair view of the state of affairs of the company and result for the full year end accounts date. Suitable accounting policies have been established and applied consistently and disclose with reasonable accuracy the financial position of the company.
Directors
The directors shown below have held office during the whole of the period from 01 January 2020 to 31 December 2020
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
for the Period Ended 31 December 2020
2020 £ |
10 months to 31 Dec 2019 £ |
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Turnover |
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Cost of Materials |
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Profit or (Loss) for Period |
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As at
2020 £ |
10 months to 31 Dec 2019 £ |
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Current assets: |
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Creditors: amounts falling due within one year: |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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Capital and reserves: |
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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
for the Period Ended 31 December 2020