REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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1 APRIL 2021 TO 31 JANUARY 2022 |
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FOR |
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AUBIN & WILLS LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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1 APRIL 2021 TO 31 JANUARY 2022 |
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FOR |
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AUBIN & WILLS LIMITED |
AUBIN & WILLS LIMITED (REGISTERED NUMBER: 10995160) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 1 April 2021 to 31 January 2022 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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AUBIN & WILLS LIMITED |
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COMPANY INFORMATION |
for the period 1 April 2021 to 31 January 2022 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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1110 Elliott Court |
Coventry Business Park |
Herald Avenue |
Coventry |
West Midlands |
CV5 6UB |
AUBIN & WILLS LIMITED (REGISTERED NUMBER: 10995160) |
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BALANCE SHEET |
31 January 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks | 6 |
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Debtors | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 |
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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 |
9 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 12 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
AUBIN & WILLS LIMITED (REGISTERED NUMBER: 10995160) |
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BALANCE SHEET - continued |
31 January 2022 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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AUBIN & WILLS LIMITED (REGISTERED NUMBER: 10995160) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the period 1 April 2021 to 31 January 2022 |
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1. | STATUTORY INFORMATION |
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Aubin & Wills Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Going Concern |
Although the balance sheet shows a negative position, Management are confident of the going concern of the business. The accounting period represents only five months of full trade following launch and as is in-line with Management expectations. Having now annualised and showing very strong like-for-like growth, Management are confident that the business has access to sufficient cash resources to continue trading for the foreseeable future. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Short leasehold | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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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AUBIN & WILLS LIMITED (REGISTERED NUMBER: 10995160) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 April 2021 to 31 January 2022 |
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2. | ACCOUNTING POLICIES - continued |
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 period 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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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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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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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | INTANGIBLE FIXED ASSETS |
Trademarks |
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COST |
At 1 April 2021 |
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Additions |
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At 31 January 2022 |
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AMORTISATION |
At 1 April 2021 |
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Amortisation for period |
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At 31 January 2022 |
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NET BOOK VALUE |
At 31 January 2022 |
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At 31 March 2021 |
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AUBIN & WILLS LIMITED (REGISTERED NUMBER: 10995160) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 April 2021 to 31 January 2022 |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
Short | and | Computer |
leasehold | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2021 |
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Additions |
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At 31 January 2022 |
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DEPRECIATION |
At 1 April 2021 |
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Charge for period |
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At 31 January 2022 |
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NET BOOK VALUE |
At 31 January 2022 |
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At 31 March 2021 |
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6. | STOCKS |
2022 | 2021 |
£ | £ |
Finished goods |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
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Other debtors | 55,891 | 42,408 |
Prepayments |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
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Social security and other taxes |
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Other creditors |
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Accrued expenses |
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9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2022 | 2021 |
£ | £ |
Other loans - 2-5 years |
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Amounts owed to group undertakings |
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AUBIN & WILLS LIMITED (REGISTERED NUMBER: 10995160) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 April 2021 to 31 January 2022 |
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10. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2022 | 2021 |
£ | £ |
Within one year |
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Between one and five years |
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11. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2022 | 2021 |
£ | £ |
Other loans | 772,422 | - |
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Other Loans are secured by way of a fixed and floating charge over all assets of the company. |
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12. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
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A Ordinary | £1 | 1 | 1 |
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B Ordinary | £1 | 1 | 1 |
2 | 2 |
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The shares were issued on incorporation on 4 October 2017. |