COMPANY REGISTRATION NUMBER:
11562068
Filleted Unaudited Financial Statements
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Statement of Financial Position
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30 September 2019
Fixed assets
Current assets
Debtors
|
6
|
301
|
Cash at bank and in hand
|
6,980
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|
-------
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|
7,281
|
|
|
|
Creditors: amounts falling due within one year
|
7
|
7,511
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|
-------
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Net current liabilities
|
230
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----
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Total assets less current liabilities
|
92
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|
----
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Capital and reserves
Called up share capital
|
2
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Profit and loss account
|
90
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----
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Shareholders funds
|
92
|
|
----
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 30 September 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
26 November 2019
, and are signed on behalf of the board by:
Company registration number:
11562068
Notes to the Financial Statements
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Period from 1 November 2018 to 30 September 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Yellowstone Main Street, Grove, Wantage, Oxfordshire, OX12 7JH.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Equipment
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-
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25% reducing balance
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|
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|
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
1
.
5.
Tangible assets
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Equipment
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|
£
|
Cost
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|
At 1 November 2018
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–
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Additions
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417
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At 30 September 2019
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417
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Depreciation
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At 1 November 2018
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–
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Charge for the period
|
95
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----
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At 30 September 2019
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95
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Carrying amount
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At 30 September 2019
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322
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6.
Debtors
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30 Sep 19
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£
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Trade debtors
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177
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Other debtors
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124
|
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----
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301
|
|
----
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7.
Creditors:
amounts falling due within one year
|
30 Sep 19
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£
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Trade creditors
|
(
31)
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Other creditors
|
7,542
|
|
-------
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7,511
|
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-------
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8.
Directors' advances, credits and guarantees
Included in other debtors is £7,542 owed to the directors