THE APPLEYARD GALLERY LIMITED

THE APPLEYARD GALLERY LIMITED

THE APPLEYARD GALLERY LIMITED - Company Information

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THE APPLEYARD GALLERY LIMITED

Company Registration Number:
05425604 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2019

Period of accounts

Start date: 01 January 2019

End date: 31 March 2019

THE APPLEYARD GALLERY LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2019

Balance sheet
Notes

THE APPLEYARD GALLERY LIMITED

Balance sheet

As at 31 March 2019


Notes
3 months to 31 March 2019
2018


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets: 2 142,032 144,522
Investments:   0 0
Total fixed assets: 142,032 144,522
Current assets
Stocks: 143,428 141,134
Debtors: 3 0 50,547
Cash at bank and in hand: 20,204 456
Investments:   0 0
Total current assets: 163,632 192,137
Creditors: amounts falling due within one year: 4 (135,207) (188,761)
Net current assets (liabilities): 28,425 3,376
Total assets less current liabilities: 170,457 147,898
Creditors: amounts falling due after more than one year: 5 (74,157) (88,133)
Provision for liabilities: 0 0
Total net assets (liabilities): 96,300 59,765
Capital and reserves
Called up share capital: 15,000 15,000
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 81,300 44,765
Shareholders funds: 96,300 59,765

The notes form part of these financial statements

THE APPLEYARD GALLERY LIMITED

Balance sheet statements

For the year ending 31 March 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 April 2019
and signed on behalf of the board by:

Name: Mrs S J Thompson
Status: Director

The notes form part of these financial statements

THE APPLEYARD GALLERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the sale of delivered goods, excluding VAT

Tangible fixed assets and depreciation policy

Depreciation is provided on a straight line basis in order to write off each asset over its estimated useful life:Leasehold property - over life of the lease Fixtures & fittings - 0% - 20%Office equipment - 20%

Intangible fixed assets and amortisation policy

Intangible assets are amortised over a maximum of 20 years

Other accounting policies

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items

THE APPLEYARD GALLERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

2. Tangible Assets

Total
Cost £
At 01 January 2019 207,676
Additions 399
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2019 208,075
Depreciation
At 01 January 2019 63,154
Charge for year 2,889
On disposals 0
Other adjustments 0
At 31 March 2019 66,043
Net book value
At 31 March 2019 142,032
At 31 December 2018 144,522

THE APPLEYARD GALLERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

3. Debtors

3 months to 31 March 2019 2018
££
Debtors due after more than one year: 0 0

THE APPLEYARD GALLERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

4. Creditors: amounts falling due within one year note

Creditors - amounts falling due with one year comprise:Trade Creditors - £56,344 (31 Dec 18 - £109,056)Sales invoiced in advance - £44,358 (31 Dec 18 - £47,781)Taxation - £16,055 (31 Dec 18 - £1,950)Loans - £18,000 (31 Dec 18 - £20,153)Bank overdraft - £0 (31 Dec 2018 - £9,371)Other creditors - £450 (31 Dec 18 - £450)

THE APPLEYARD GALLERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

5. Creditors: amounts falling due after more than one year note

Creditors - amounts falling due after one year comprise:Loans due for repayment within 5 years - £36,059 (31 Dec 18 - £39,687)Director's loan account - £38,098 (31 Dec 18 - £48,446)

THE APPLEYARD GALLERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

6. Related party transactions

Name of the related party: Mrs S J Thompson
Relationship:
Director
Description of the Transaction: The balance on the director's loan account at 31 March 2019 amounted to £38,098 (31 Dec 18 - £48,446) in credit and is interest free. The loan has no fixed date for repayment.Mrs S J Thompson has provided personal guarantees for the lease of the company's trading premises and on loans entered into.
£
Balance at 01 January 2019 48,446
Balance at 31 March 2019 38,098