Company Registration No. 09397619 (England and Wales)
Rosie Chapman Ltd
Annual report and unaudited financial statements
for the year ended 31 March 2019
Pages for filing with Registrar
Rosie Chapman Ltd
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Rosie Chapman Ltd
Balance sheet
As at 31 March 2019
Company registration no. 09397619
- 1 -
2019
2018
Notes
£
£
£
£
Fixed assets
Tangible assets
3
158
540
Current assets
Debtors
4
8,237
5,758
Cash at bank and in hand
27,955
25,069
36,192
30,827
Creditors: amounts falling due within one year
5
(12,655)
(12,037)
Net current assets
23,537
18,790
Total assets less current liabilities
23,695
19,330
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
23,694
19,329
Total equity
23,695
19,330
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 18 September 2019
Ms Rosie Chapman
Director
Rosie Chapman Ltd
Notes to the financial statements
For the year ended 31 March 2019
- 2 -
1
Accounting policies
Company information
Rosie Chapman Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
21 Alexandra Gardens, Muswell Hill, London, N10 3RN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business
.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost
,
net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
25% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Impairment of fixed assets
At each reporting
period
end date, the
company
reviews the carrying amounts of its tangible
assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.5
Cash and cash equivalents
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Rosie Chapman Ltd
Notes to the financial statements (continued)
For the year ended 31 March 2019
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments
Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost. Financial assets comprise cash at bank and in hand, together with trade and other debtors. A specific provision is made for debts for which recoverability is in doubt. Cash at bank and in hand is defined as all cash held in instant access bank accounts and used as working capital. Investments, including those in subsidiary undertakings are held at fair value at the balance sheet date, with gains and losses being recognised within income and expenditure. Financial liabilities held at amortised cost comprise all creditors except social security and other taxes, deferred income and provisions.
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.8
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 1 (2018 - 1).
3
Tangible fixed assets
Computers
£
Cost
At 1 April 2018 and 31 March 2019
1,529
Depreciation and impairment
At 1 April 2018
989
Depreciation charged in the year
382
At 31 March 2019
1,371
Carrying amount
At 31 March 2019
158
At 31 March 2018
540
Rosie Chapman Ltd
Notes to the financial statements (continued)
For the year ended 31 March 2019
- 4 -
4
Debtors
2019
2018
Amounts falling due within one year:
£
£
Trade debtors
8,237
5,758
5
Creditors: amounts falling due within one year
2019
2018
£
£
Corporation tax
4,624
5,518
Other creditors
8,031
6,519
12,655
12,037
Included in other creditors are amounts owing to the director of £6,711 - (2018: £5,419)"
6
Called up share capital
2019
2018
£
£
1 Ordinary share of £1 each
1
1