FOLDSTICK LIMITED

FOLDSTICK LIMITED

FOLDSTICK LIMITED - Company Information

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FOLDSTICK LIMITED

Company Registration Number:
03520749 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2019

Period of accounts

Start date: 01 May 2018

End date: 30 April 2019

FOLDSTICK LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2019

Balance sheet
Notes

FOLDSTICK LIMITED

Balance sheet

As at 30 April 2019


Notes
2019
2018


£
£
Fixed assets
Intangible assets: 2 60,150 65,380
Tangible assets: 3 713,795 703,480
Total fixed assets: 773,945 768,860
Current assets
Stocks: 2,000 2,000
Debtors:   0 68,492
Cash at bank and in hand: 118,458 55,366
Total current assets: 120,458 125,858
Creditors: amounts falling due within one year: 4 (101,229) (82,665)
Net current assets (liabilities): 19,229 43,193
Total assets less current liabilities: 793,174 812,053
Creditors: amounts falling due after more than one year:   (28,628) (25,995)
Total net assets (liabilities): 764,546 786,058
Capital and reserves
Called up share capital: 360,000 360,000
Revaluation reserve:5464,902464,902
Profit and loss account: (60,356) (38,844)
Shareholders funds: 764,546 786,058

The notes form part of these financial statements

FOLDSTICK LIMITED

Balance sheet statements

For the year ending 30 April 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 24 October 2019
and signed on behalf of the board by:

Name: JWM Collins
Status: Director

The notes form part of these financial statements

FOLDSTICK LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 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

FOLDSTICK LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2019

2. Intangible Assets

Total
Cost £
At 01 May 2018 188,500
At 30 April 2019 188,500
Amortisation
At 01 May 2018 123,120
Charge for year 5,230
At 30 April 2019 128,350
Net book value
At 30 April 2019 60,150
At 30 April 2018 65,380

FOLDSTICK LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2019

3. Tangible Assets

Total
Cost £
At 01 May 2018 760,433
Additions 13,343
At 30 April 2019 773,776
Depreciation
At 01 May 2018 56,953
Charge for year 3,028
At 30 April 2019 59,981
Net book value
At 30 April 2019 713,795
At 30 April 2018 703,480

FOLDSTICK LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2019

4. Creditors: amounts falling due within one year note

Trade Crs 72VAT 7271Other 93886

FOLDSTICK LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2019

5. Revaluation reserve

2019
£
Balance at 01 May 2018 464,902
Surplus or deficit after revaluation 0
Balance at 30 April 2019 464,902