MISSPORTRAIT LTD - Filleted accounts

MISSPORTRAIT LTD - Filleted accounts

MISSPORTRAIT LTD - Company Information

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Registered number
09376011
MISSPORTRAIT LTD
Filleted Accounts
31 January 2019
MISSPORTRAIT LTD
Registered number: 09376011
Balance Sheet
as at 31 January 2019
Notes 2019 2018
£ £
Fixed assets
Tangible assets 2 1,649 2,062
Current assets
Stocks 35,000 25,000
Debtors 3 1,104 620
Cash at bank and in hand 19,619 19,166
55,723 44,786
Creditors: amounts falling due within one year 4 (87,097) (62,571)
Net current liabilities (31,374) (17,785)
Net liabilities (29,725) (15,723)
Capital and reserves
Called up share capital 20,000 20,000
Profit and loss account (49,725) (35,723)
Shareholder's funds (29,725) (15,723)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
WENJING SUN
Director
Approved by the board on 23 October 2019
MISSPORTRAIT LTD
Notes to the Accounts
for the year ended 31 January 2019
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2018 2,929
At 31 January 2019 2,929
Depreciation
At 1 February 2018 867
Charge for the year 413
At 31 January 2019 1,280
Net book value
At 31 January 2019 1,649
At 31 January 2018 2,062
3 Debtors 2019 2018
£ £
Other debtors 1,104 620
4 Creditors: amounts falling due within one year 2019 2018
£ £
Taxation and social security costs 6,890 5,459
Other creditors 80,207 57,112
87,097 62,571
5 Other information
MISSPORTRAIT LTD is a private company limited by shares and incorporated in England. Its registered office is:
9 Collingham Road
West Timperley
Altrincham
Cheshire
WA14 5WE
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