FridayGirl.com Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03945340 (England and Wales)

FridayGirl.com Limited

Financial Statements

for the Year Ended 31 March 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss N J Moule

Miss C Rutt

REGISTERED OFFICE:

Tremough Innovation Centre

Tremough Campus

Penryn

Cornwall

TR10 9TA

REGISTERED NUMBER:

03945340 (England and Wales)

ACCOUNTANTS:

Atkins Ferrie Chartered Accountants

Lakeside Offices

The Old Cattle Market

Coronation Park

Helston

Cornwall

TR13 0SR

BANKERS:

Lloyds Bank

27 Fore Street

Redruth

Cornwall

TR15 2BJ

FIXED ASSETS

Intangible assets

4

2,161

3,715

Tangible assets

5

5,996

13,432

8,157

17,147

CURRENT ASSETS

Stocks

6

1,000

1,000

Debtors

7

26,637

14,967

Cash at bank and in hand

34,494

64,882

62,131

80,849

CREDITORS

Amounts falling due within one year

8

37,468

55,954

NET CURRENT ASSETS

24,663

24,895

TOTAL ASSETS LESS CURRENT LIABILITIES

32,820

42,042

PROVISIONS FOR LIABILITIES

1,387

2,674

NET ASSETS

31,433

39,368

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Retained earnings

11,433

19,368

SHAREHOLDERS' FUNDS

31,433

39,368

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.

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 2 August 2019 and were signed on its behalf by:

Miss N J Moule - Director

Miss C Rutt - Director

1.	STATUTORY INFORMATION

FridayGirl.com Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property

-

33% on reducing balance

Office equipment

-

33% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

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

slow moving items.

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 balance sheet date.

Deferred tax

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

balance sheet 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2018 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 April 2018

and 31 March 2019

8,273

AMORTISATION

At 1 April 2018

4,558

Amortisation for year

1,554

At 31 March 2019

6,112

NET BOOK VALUE

At 31 March 2019

2,161

At 31 March 2018

3,715

5.	TANGIBLE FIXED ASSETS

Improvements

Office

Computer

to property

equipment

equipment

Totals

£

£

£

£

COST

At 1 April 2018

7,046

48,775

36,554

92,375

Additions

-

1,260

604

1,864

Disposals

(7,046

)

(35,364

)

(13,493

)

(55,903

)

At 31 March 2019

-

14,671

23,665

38,336

DEPRECIATION

At 1 April 2018

5,626

41,421

31,896

78,943

Charge for year

-

1,455

1,499

2,954

Eliminated on disposal

(5,626

)

(31,158

)

(12,773

)

(49,557

)

At 31 March 2019

-

11,718

20,622

32,340

NET BOOK VALUE

At 31 March 2019

-

2,953

3,043

5,996

At 31 March 2018

1,420

7,354

4,658

13,432

6.

STOCKS

2019

2018

£

£

Stocks

1,000

1,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

20,166

8,652

Prepayments

6,471

6,315

26,637

14,967

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

1,423

2,374

Tax

17,948

19,795

Social security and other taxes

3,413

2,771

Pension

254

79

VAT

13,230

15,735

Directors' current accounts

-

14,000

Accrued expenses

1,200

1,200

37,468

55,954