REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JANUARY 2021 |
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ANTONINE BUILDERS LTD |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JANUARY 2021 |
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FOR |
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ANTONINE BUILDERS LTD |
ANTONINE BUILDERS LTD (REGISTERED NUMBER: SC554615) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 January 2021 |
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Page |
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Abridged Balance Sheet | 1 |
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Notes to the Financial Statements | 3 |
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ANTONINE BUILDERS LTD (REGISTERED NUMBER: SC554615) |
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ABRIDGED BALANCE SHEET |
31 January 2021 |
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31.1.21 | 31.1.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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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 |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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The directors acknowledge their 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
ANTONINE BUILDERS LTD (REGISTERED NUMBER: SC554615) |
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ABRIDGED BALANCE SHEET - continued |
31 January 2021 |
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The financial statements were approved by the Board of Directors and authorised for issue on
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ANTONINE BUILDERS LTD (REGISTERED NUMBER: SC554615) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 January 2021 |
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1. | STATUTORY INFORMATION |
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Antonine Builders Ltd is a
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Registered number: | SC554615 |
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Registered office: | 22 Backbrae Street |
Kilsyth |
North Lanarkshire |
G65 0NH |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover and revenue recognition |
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer. |
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Tangible fixed assets |
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Government grants |
The accounting policy adopted for grants is the performance model. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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ANTONINE BUILDERS LTD (REGISTERED NUMBER: SC554615) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 January 2021 |
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 February 2020 |
and 31 January 2021 |
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DEPRECIATION |
At 1 February 2020 |
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Charge for year |
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At 31 January 2021 |
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NET BOOK VALUE |
At 31 January 2021 |
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At 31 January 2020 |
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The net book value of assets held under finance lease at year end is £8,009 (2020: £10,111). Depreciation charged on these assets during the year amounted to £2,002 (2020: £2,503). |
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5. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by the Directors. |
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6. | COVID-19 |
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As a result of the Covid-19 pandemic the company has been subject to a significant reduction in the expected level of trade during the year. In order to support the business during this period the company has received the following financial support from local and national governments: |
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The company has applied for and received £20,000 from the Governments Coronavirus Bounce Back Loan Scheme. |
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During the year some staff have been furloughed. With staff being placed on furlough the business was eligible for the Government's Coronavirus Job Retention Scheme (CJRS) which has reimbursed 80% of the salaries. |