Twenty Residential Design Limited Filleted accounts for Companies House (small and micro)
Twenty Residential Design Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
10858146
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Statement of Financial Position |
2019 |
2018 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
4 |
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Current assets
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
5 |
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-------- |
------- |
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Net current assets/(liabilities) |
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(
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------- |
---- |
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Total assets less current liabilities |
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(
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------- |
---- |
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Net assets/(liabilities) |
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(
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------- |
---- |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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(
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------- |
---- |
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Shareholders funds/(deficit) |
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(
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------- |
---- |
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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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
25 October 2019
, and are signed on behalf of the board by:
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Director |
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Company registration number:
10858146
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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. The address of the registered office is 20 Stanley Rd, Highcliff, Dorset, BH23 5HL.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 August 2017. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.
Disclosure exemptions
(a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented.
Revenue recognition
Income tax
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:
Equipment |
- |
33% reducing balance |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
4.
Tangible assets
Equipment |
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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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---- |
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Depreciation |
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At 1 August 2018 |
– |
Charge for the year |
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---- |
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At 31 July 2019 |
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---- |
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Carrying amount |
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At 31 July 2019 |
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---- |
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At 31 July 2018 |
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---- |
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5.
Creditors:
amounts falling due within one year
2019 |
2018 |
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£ |
£ |
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Corporation tax |
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– |
Other creditors |
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------- |
------- |
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6.
Director's advances, credits and guarantees
7.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 August 2017.
No transitional adjustments were required in equity or profit or loss for the year.