Shnatz Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07563826 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

SHNATZ LTD

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr H Sheldon

Mrs P H Sheldon

REGISTERED OFFICE:

1 Vicarage Close

Potters Bar

Hertfordshire

EN6 2DY

REGISTERED NUMBER:

07563826 (England and Wales)

ACCOUNTANTS:

Raffingers LLP

Chartered Certified Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Intangible assets

4

80,000

100,000

CURRENT ASSETS

Debtors

6,824

3,262

Cash at bank

29,515

14,049

36,339

17,311

CREDITORS

Amounts falling due within one year

82,612

97,026

NET CURRENT LIABILITIES

(46,273

)

(79,715

)

TOTAL ASSETS LESS CURRENT LIABILITIES

33,727

20,285

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

6

33,627

20,185

SHAREHOLDERS' FUNDS

33,727

20,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 14 May 2019 and were signed on its behalf by:

Mr H Sheldon - Director

1.	STATUTORY INFORMATION

Shnatz Ltd is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twelve years.

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.

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.

Current or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2018

and 31 March 2019

240,000

AMORTISATION

At 1 April 2018

140,000

Amortisation for year

20,000

At 31 March 2019

160,000

NET BOOK VALUE

At 31 March 2019

80,000

At 31 March 2018

100,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1

100

100

6.

RESERVES

Retained

earnings

£

At 1 April 2018

20,185

Profit for the year

21,442

Dividends

(8,000

)

At 31 March 2019

33,627

7.	CONTINGENT LIABILITIES

There were no contingent liabilities at either the beginning or end of the financial year.

8.	CAPITAL COMMITMENTS

At 31 March 2019 and 31 March 2018 the company had no capital commitments which had been contracted for

but not provided in the financial statements.

9.	RELATED PARTY DISCLOSURES

The company was controlled throughout the current and previous years by Mr H Sheldon, the director, by virtue

of his ownership of the entire issued share capital.

At the balance sheet date the company owed the director £72,891 (2018 - £89,274).