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Unaudited Financial Statements for the Year Ended 31 December 2019 |
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Aileah Harrison Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 December 2019 |
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for |
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Aileah Harrison Limited |
Aileah Harrison Limited (Registered number: 11093197) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Statement of Changes in Equity | 4 |
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Notes to the Financial Statements | 5 |
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Report of the Accountant | 10 |
Aileah Harrison Limited |
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Company Information |
for the Year Ended 31 December 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANT: |
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t/a R J Woods & Co |
Santa Maria |
Anchor Lane, The Heath |
Dedham |
Colchester |
Essex |
CO7 6BX |
Aileah Harrison Limited (Registered number: 11093197) |
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Balance Sheet |
31 December 2019 |
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31.12.19 | 31.12.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 8 | ( |
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PROVISIONS FOR LIABILITIES | 10 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 11 |
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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. |
Aileah Harrison Limited (Registered number: 11093197) |
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Balance Sheet - continued |
31 December 2019 |
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The financial statements were approved by the director and authorised for issue on
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Aileah Harrison Limited (Registered number: 11093197) |
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Statement of Changes in Equity |
for the Year Ended 31 December 2019 |
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Called up |
share | Retained | Total |
capital | earnings | equity |
£ | £ | £ |
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Changes in equity |
Issue of share capital |
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- |
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Dividends | - | ( |
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Total comprehensive income | - |
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Balance at 31 December 2018 |
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Changes in equity |
Dividends | - | ( |
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Total comprehensive income | - |
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Balance at 31 December 2019 |
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Aileah Harrison Limited (Registered number: 11093197) |
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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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Aileah Harrison Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements are presented in Sterling (£). |
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The preparation of financial statements in compliance with FRS 102, Section 1A requires the use of certain critical |
accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. |
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Going concern: |
The director has considered the company's position at the time of signing the financial statements, and in particular the |
additional operational and financial challenges caused by COVID-19. Whilst the Covid-19 pandemic was not an issue at |
the time of the accounting year end, it is nevertheless essential that the director should review the impact of the pandemic |
during the period since the accounting year end up to the date of approval of the financial statements and, where possible, to |
consider the likely future impact of the disease on the business. In the current circumstances, it is difficult to produce |
precise forecasts for the short to medium term. Nevertheless, the director has considered the company's financial strength, |
together with an assessment of the potential impact of the disease on its operations and its finances and the measures |
available to mitigate ongoing costs. |
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Based on all of this, the director has concluded that he has a reasonable expectation that the company will have adequate |
resources to continue in operational existence for the foreseeable future, being at least twelve months from the date of |
signing these financial statements. He therefore continues to adopt the going concern basis of accounting in preparing these |
financial statements. |
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The following principal accounting policies have been applied: |
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Turnover |
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue |
can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding |
discounts rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is |
recognised: |
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Revenue from the company's principal activity is recognised when the company has transferred the significant risks and |
rewards of ownership of the goods and services to the buyer, which is usually on the certification of the completion of each |
phase of a contract. |
Aileah Harrison Limited (Registered number: 11093197) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2019 |
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3. | ACCOUNTING POLICIES - continued |
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Tangible fixed assets |
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated |
impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and |
condition necessary for it to be capable of operating in the manner intended by management. |
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Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful lives, |
using the straight line method. |
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Depreciation is provided on the following basis: |
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Plant, machinery, & office equipment - 25% on cost |
Motor vehicles - 20% on cost |
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The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, |
or if there is an indication of a significant change since the last reporting date. |
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Gains or losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the |
Income Statement. |
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Taxation |
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the |
extent that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item |
recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. |
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The current tax charge is calculated on the basis of the tax rates and laws that have been enacted or substantively enacted by |
the reporting date in the countries where the company operates and generates income. |
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Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the |
balance sheet date, except that: |
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- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered |
against the reversal of deferred tax liabilities or other future taxable profits; and |
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- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances |
have been met. |
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Deferred tax balances are not recognised in respect of permanent timing differences except in respect of business |
combinations, when deferred tax is recognised on the differences between fair values of assets acquired and the future tax |
deductions available for them and the differences between fair values of liabilities acquired and the amount that will be |
assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the |
reporting date. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire |
purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over |
their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the |
future payments is treated as a liability. |
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Aileah Harrison Limited (Registered number: 11093197) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2019 |
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3. | ACCOUNTING POLICIES - continued |
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Debtors |
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Cash and cash equivalents |
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more |
than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of |
acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
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Creditors |
Short term creditors are measured at the transaction price. Other financial liabilities are measured at fair value, net of |
transaction costs and are measured subsequently at amortised cost using the effective interest method. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 January 2019 |
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Additions |
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Disposals | ( |
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At 31 December 2019 |
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DEPRECIATION |
At 1 January 2019 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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At 31 December 2018 |
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Aileah Harrison Limited (Registered number: 11093197) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2019 |
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5. | TANGIBLE FIXED ASSETS - continued |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
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Plant and |
machinery |
etc |
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COST |
Additions |
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At 31 December 2019 |
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DEPRECIATION |
Charge for year |
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At 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.19 | 31.12.18 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.19 | 31.12.18 |
£ | £ |
Hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.19 | 31.12.18 |
£ | £ |
Hire purchase contracts |
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Aileah Harrison Limited (Registered number: 11093197) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2019 |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.12.19 | 31.12.18 |
£ | £ |
Hire purchase contracts | 8,236 | - |
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Liabilities under hire and lease purchase contracts are secured on the assets financed by the respective contracts. |
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10. | PROVISIONS FOR LIABILITIES |
31.12.19 | 31.12.18 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
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Deferred |
tax |
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Balance at 1 January 2019 |
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Reversible timing differences |
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Balance at 31 December 2019 |
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11. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.19 | 31.12.18 |
value: | £ | £ |
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Ordinary | £1 |
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12. | RELATED PARTY DISCLOSURES |
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At the balance sheet date Creditors: Amounts Falling Due Within One Year includes amounts owed to the director totalling |
£392 (2018: £1,703). This represents monies advanced to the company for working capital from time to time, less |
repayments made during the period under review. The amounts owed are unsecured, interest-free and repayable on |
demand. |
The director has provided a personal guarantee by way of security in respect for amounts owed by the company for future |
commitments under an operating lease for business equipment. The maximum commitment under the lease at the balance |
sheet date amounts to £9,096 (2018: £12,617). At the time of approval of these financial statements the lessor has not made |
any calls under the terms of that guarantee. |
Aileah Harrison Limited |
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Report of the Accountant to the Director of |
Aileah Harrison Limited |
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The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited |
financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. |
Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are |
not required to be filed with the Registrar of Companies. |
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These financial statements (which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related |
notes) have been prepared in accordance with our terms of engagement and in order to assist you fulfil your duties under the |
Companies Acts that relate to preparing the financial statements of the company for the year ended 31 December 2019. We have |
prepared these financial statements based on the accounting records, information and explanations provided by you. |
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As a practising member of the Association of Accounting Technicians, we are subject to its ethical and other professional |
requirements which are detailed at www.aat.org.uk. |
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This report is made solely to the Board of Directors, as a body. Our work has been undertaken solely to prepare for your approval |
the accounts of the company and state those matters that we have agreed to state to the Board of Directors, as a body in this report, |
in accordance with the requirements of the Association of Accounting Technicians as detailed at www.aat.org.uk. To the fullest |
extent permitted by law we do not accept or assume responsibility to anyone other than the company and its Board of Directors as a |
body for our work or for this report. |
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On behalf of the board, you have acknowledged that it is your duty, to ensure that the company has kept adequate accounting |
records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of the |
company. |
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You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 December 2019. |
Therefore the financial statements are unaudited. For this reason we have not verified the accuracy or completeness of the |
accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the |
statutory accounts. |
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t/a R J Woods & Co |
Santa Maria |
Anchor Lane, The Heath |
Dedham |
Colchester |
Essex |
CO7 6BX |
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