Jane Beck Welsh Blankets Ltd Filleted accounts for Companies House (small and micro)
Jane Beck Welsh Blankets Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
08150422
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Director's Report |
Year ended 31 July 2019
The director presents her report and the unaudited financial statements of the company for the year ended
31 July 2019
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Director
The director who served the company during the year was as follows:
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Small company provisions
This report was approved by the board of directors on
3 October 2019
and signed on behalf of the board by:
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Director |
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Registered office: |
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Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 31 July 2019
Ty Madog
32 Queens Road
Aberystwyth
Ceredigion
SY23 2HN
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Statement of Financial Position |
2019 |
2018 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
6 |
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Current assets
Stocks |
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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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Provisions
Taxation including deferred tax |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
3 October 2019
, and are signed on behalf of the board by:
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Director |
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Company registration number:
08150422
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Notes to the Financial Statements |
Year ended 31 July 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ty Madog, 32 Queens Road, Aberystwyth, Ceredigion, SY23 2HN.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings |
- |
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Impairment of fixed assets
Stocks
Provisions
Financial instruments
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2018:
1
).
5.
Intangible assets
Goodwill |
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£ |
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Cost |
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At 1 August 2018 and 31 July 2019 |
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Amortisation |
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At 1 August 2018 and 31 July 2019 |
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Carrying amount |
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At 31 July 2019 |
– |
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At 31 July 2018 |
– |
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6.
Tangible assets
Fixtures and fittings |
Total |
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£ |
£ |
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Cost |
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At 1 August 2018 |
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Additions |
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At 31 July 2019 |
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Depreciation |
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At 1 August 2018 |
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Charge for the year |
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At 31 July 2019 |
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Carrying amount |
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At 31 July 2019 |
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At 31 July 2018 |
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7.
Debtors
2019 |
2018 |
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£ |
£ |
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Other debtors |
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8.
Creditors:
amounts falling due within one year
2019 |
2018 |
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£ |
£ |
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Corporation tax |
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Social security and other taxes |
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Other creditors - Shepherds Huts Wales |
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Other creditors |
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9.
Director's advances, credits and guarantees
Amounts advanced to the Company by the Director are as follows: (a) Balance as at 31st July 2019 was £16 (2018: £43); (b) Interest rate charged nil%; (c) Repayable on demand; and (d) Repayments made during the year amounted to £27 (2018: £6).
2019 | 2018 | ||
£ | £ | ||
Directors Loan Account | 16 | 43 | |
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10.
Related party transactions
The company was under the control of Ms J Beck throughout the current year. Ms Beck is the managing director and sole shareholder. No transactions with related parties were undertaken such as required to be disclosed under FRS 102.