Company Registration No. 10963998 (England and Wales)
BETTINA LOONEY LTD
Unaudited accounts
for the year ended 31 December 2021
BETTINA LOONEY LTD
Unaudited accounts
Contents
BETTINA LOONEY LTD
Company Information
for the year ended 31 December 2021
Director
Justina Rodzeviciute
Company Number
10963998 (England and Wales)
Registered Office
PALL MALL DEPOSIT, UNIT 14B
BARLBY ROAD
LONDON
W10 6BL
ENGLAND
Accountants
Pearl Accountants Limited
Profile West
Suite 2, Floor 1, 950 Great West Road
Brentford
Middlesex
TW8 9ES
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of BETTINA LOONEY LTD for the year ended 31 December 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
BETTINA LOONEY LTD for the year ended
31 December 2021 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Pearl Accountants Limited
Chartered Accountants
Profile West
Suite 2, Floor 1, 950 Great West Road
Brentford
Middlesex
TW8 9ES
27 June 2022
BETTINA LOONEY LTD
Statement of financial position
as at
31 December 2021
Tangible assets
7,508
9,379
Inventories
21,193
26,096
Cash at bank and in hand
202,832
306,889
Creditors: amounts falling due within one year
(183,656)
(316,876)
Net current assets
158,756
213,439
Net assets
166,264
222,818
Called up share capital
1
1
Profit and loss account
166,263
222,817
Shareholders' funds
166,264
222,818
For the year ending 31 December 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 her 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 27 June 2022 and were signed on its behalf by
Justina Rodzeviciute
Director
Company Registration No. 10963998
BETTINA LOONEY LTD
Notes to the Accounts
for the year ended 31 December 2021
BETTINA LOONEY LTD is a private company, limited by shares, registered in England and Wales, registration number 10963998. The registered office is PALL MALL DEPOSIT, UNIT 14B, BARLBY ROAD, LONDON, W10 6BL, ENGLAND.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
3 years straight line
Computer equipment
3 years straight line
BETTINA LOONEY LTD
Notes to the Accounts
for the year ended 31 December 2021
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2021
15,063
6,482
21,545
At 31 December 2021
15,063
10,010
25,073
At 1 January 2021
9,017
3,149
12,166
Charge for the year
2,868
2,531
5,399
At 31 December 2021
11,885
5,680
17,565
At 31 December 2021
3,178
4,330
7,508
At 31 December 2020
6,046
3,333
9,379
Finished goods
21,193
26,096
Stock are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition. Stock held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognized as an impairment loss
in profit or loss. Reversals of impairment losses are also recognized in profit or loss.
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
63,003
178,781
Accrued income and prepayments
18,043
9,178
Other debtors
18,358
6,802
7
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
45,845
23,488
Other creditors
69,692
181,882
BETTINA LOONEY LTD
Notes to the Accounts
for the year ended 31 December 2021
8
Share capital
2021
2020
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
The company is under the control of Ms. Bettina Looney by virtue of her 100% shareholding
10
Average number of employees
During the year the average number of employees was 4 (2020: 4).