|
|
|
|
Financial Statements
|
Contents
|
Page
|
Members' report
|
1
|
Statement of comprehensive income
|
2
|
Statement of financial position
|
3
|
Reconciliation of members' interests
|
5
|
Notes to the financial statements
|
7
|
Chartered accountant's report to the members on the preparation of the unaudited statutory financial statements
|
13
|
|
Members' Report
|
|
|
|
|
Mr J J Sait
|
|
Designated Member
|
Designated Member
|
Registered office:
|
|
|
|
|
England
|
|
|
Statement of Comprehensive Income
|
Period from
|
||
Year to
|
1 Apr 18 to
|
|
31 Mar 20
|
30 Mar 19
|
|
Note
|
£
|
£
|
Turnover
|
|
|
Cost of sales
|
|
|
------------
|
------------
|
|
Gross profit
|
|
|
Distribution costs
|
|
|
|
Administrative expenses
|
|
|
|
Other operating income
|
(
|
|
|
---------
|
------------
|
||
Operating profit
|
5
|
|
|
Other interest receivable and similar income
|
|
|
Interest payable and similar expenses
|
|
|
---------
|
------------
|
|
Profit for the financial year before members' remuneration and profit shares available for discretionary division among members
|
36,813
|
19,164
|
---------
|
------------
|
|
|
Statement of Financial Position
|
2020
|
2019
|
||
Note
|
£
|
£
|
£
|
Intangible assets
|
6
|
|
|
|
Tangible assets
|
7
|
|
|
|
---------
|
---------
|
|||
|
|
|||
Stocks
|
|
|
||
Debtors
|
8
|
|
|
|
Cash at bank and in hand
|
|
|
||
---------
|
---------
|
|||
|
|
|||
Creditors: amounts falling due within one year
|
9
|
|
|
|
---------
|
---------
|
|||
Net current liabilities
|
|
|
||
---------
|
---------
|
|||
Total assets less current liabilities
|
|
|
||
-------
|
-------
|
|||
Net assets
|
|
|
||
-------
|
-------
|
|||
Other amounts
|
10
|
–
|
19,164
|
|
Members' capital classified as equity
|
2,012
|
(59,930)
|
|
Other reserves
|
–
|
42,777
|
|
-------
|
--------
|
||
2,012
|
2,011
|
||
-------
|
--------
|
||
Amounts due from members
|
(36,200)
|
–
|
||
Loans and other debts due to members
|
10
|
–
|
19,164
|
|
Members' other interests
|
2,012
|
(17,153)
|
||
--------
|
--------
|
|||
(34,188)
|
2,011
|
|||
--------
|
--------
|
|||
|
Statement of Financial Position (continued)
|
Mr J J Sait
|
|
Designated Member
|
Designated Member
|
|
Reconciliation of Members' Interests
|
Members' other interests
|
Loans and other debts due to members less any amounts due from members in debtors
|
Total members' interests
|
||||
Members' capital (classified as equity)
|
Other reserves
|
Total
|
Other amounts
|
Total
|
Total 2020
|
|
£
|
£
|
£
|
£
|
£
|
£
|
|
Balance at 31 March 2019
|
(59,930)
|
61,941
|
2,011
|
–
|
–
|
2,011
|
Profit for the financial year available for discretionary division among members
|
36,813
|
36,813
|
36,813
|
|||
--------
|
--------
|
--------
|
----
|
----
|
--------
|
|
Members' interests after profit for the year
|
(59,930)
|
98,754
|
38,824
|
–
|
–
|
38,824
|
Other division of profits
|
(36,813)
|
(36,813)
|
36,813
|
36,813
|
–
|
|
Introduced by members
|
–
|
–
|
–
|
–
|
–
|
|
Repayments of capital
|
–
|
–
|
–
|
–
|
||
Drawings
|
(73,013)
|
(73,013)
|
(73,013)
|
|||
Reclassifications
|
61,942
|
(61,941)
|
1
|
–
|
–
|
1
|
--------
|
--------
|
--------
|
--------
|
--------
|
--------
|
|
Balance at 31 March 2020
|
2,012
|
–
|
2,012
|
(36,200)
|
(36,200)
|
(34,188)
|
--------
|
--------
|
--------
|
--------
|
--------
|
--------
|
|
|
Reconciliation of Members' Interests (continued)
|
Members' other interests
|
Loans and other debts due to members less any amounts due from members in debtors
|
Total members' interests
|
||||
Members' capital (classified as equity)
|
Other reserves
|
Total
|
Other amounts
|
Total
|
Total 2019
|
|
£
|
£
|
£
|
£
|
£
|
£
|
|
Balance at 1 April 2018
|
(29,824)
|
42,777
|
12,953
|
–
|
–
|
12,953
|
Profit for the financial period available for discretionary division among members
|
19,164
|
19,164
|
19,164
|
|||
--------
|
--------
|
--------
|
----
|
----
|
--------
|
|
Members' interests after profit for the period
|
(29,824)
|
61,941
|
32,117
|
–
|
–
|
32,117
|
Other division of profits
|
(19,164)
|
(19,164)
|
19,164
|
19,164
|
–
|
|
Introduced by members
|
65,000
|
65,000
|
–
|
–
|
65,000
|
|
Repayments of capital
|
(95,106)
|
(95,106)
|
–
|
(95,106)
|
||
Drawings
|
–
|
–
|
–
|
|||
Reclassifications
|
–
|
–
|
–
|
–
|
–
|
–
|
--------
|
--------
|
--------
|
--------
|
--------
|
--------
|
|
Balance at 30 March 2019
|
(59,930)
|
42,777
|
(17,153)
|
19,164
|
19,164
|
2,011
|
--------
|
--------
|
--------
|
--------
|
--------
|
--------
|
|
|
Notes to the Financial Statements
|
1.
|
General information
|
2.
|
Statement of compliance
|
3.
|
Accounting policies
|
|
Notes to the Financial Statements (continued)
|
-
|
|
||
-
|
|
||
4.
|
Employee numbers
|
5.
|
Operating profit
|
Period from
|
||
Year to
|
1 Apr 18 to
|
|
31 Mar 20
|
30 Mar 19
|
|
£
|
£
|
|
Depreciation of tangible assets
|
|
|
-------
|
--------
|
|
6.
|
Intangible assets
|
Development costs
|
|
£
|
|
Cost
|
|
At 31 March 2019 and 31 March 2020
|
|
--------
|
|
Amortisation
|
|
At 31 March 2019 and 31 March 2020
|
–
|
--------
|
|
Carrying amount
|
|
At 31 March 2020
|
|
--------
|
|
At 30 March 2019
|
|
--------
|
|
7.
|
Tangible assets
|
Plant and machinery
|
Motor vehicles
|
Total
|
|
£
|
£
|
£
|
|
Cost
|
|||
At 31 March 2019 and 31 March 2020
|
|
|
|
---------
|
---------
|
---------
|
|
Depreciation
|
|||
At 31 March 2019
|
|
|
|
Charge for the year
|
|
|
|
---------
|
---------
|
---------
|
|
At 31 March 2020
|
|
|
|
---------
|
---------
|
---------
|
|
Carrying amount
|
|||
At 31 March 2020
|
|
|
|
---------
|
---------
|
---------
|
|
At 30 March 2019
|
|
|
|
---------
|
---------
|
---------
|
|
8.
|
Debtors
|
2020
|
2019
|
|
£
|
£
|
|
Trade debtors
|
|
|
Other debtors
|
|
|
---------
|
---------
|
|
|
|
|
---------
|
---------
|
|
2020
|
2019
|
|
£
|
£
|
|
Bank loans and overdrafts
|
|
|
Trade creditors
|
|
|
Social security and other taxes
|
|
|
Other creditors
|
|
–
|
Other creditors 2 - desc in a/cs
|
12,500
|
–
|
Other creditors
|
|
–
|
---------
|
---------
|
|
|
|
|
---------
|
---------
|
|
10.
|
Loans and other debts due to members
|
2020
|
2019
|
|
£
|
£
|
|
Amounts owed to members in respect of profits
|
–
|
19,164
|
----
|
--------
|
|
|
Management Information
|
|
Chartered Accountant's Report to the Members on the Preparation of the Unaudited Statutory Financial Statements of
|