Clown About Salisbury Limited - Accounts to registrar (filleted) - small 18.2

Clown About Salisbury Limited - Accounts to registrar (filleted) - small 18.2

CLOWN ABOUT SALISBURY LIMITED - Company Information

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REGISTERED NUMBER: 03431489 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2019

FOR

CLOWN ABOUT SALISBURY LIMITED
CLOWN ABOUT SALISBURY LIMITED (REGISTERED NUMBER: 03431489)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLOWN ABOUT SALISBURY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2019







DIRECTORS: Mrs J M Lucas
M S Lucas





SECRETARY: Mrs J Macey





REGISTERED OFFICE: Windover House
St. Ann Street
Salisbury
SP1 2DR





REGISTERED NUMBER: 03431489 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR
Page 1
CLOWN ABOUT SALISBURY LIMITED (REGISTERED NUMBER: 03431489)

BALANCE SHEET
31 JANUARY 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,984 32,635

CURRENT ASSETS
Stocks 4,800 5,500
Debtors 5 523,219 451,906
Cash at bank and in hand 542 667
528,561 458,073
CREDITORS
Amounts falling due within one year 6 459,690 414,113
NET CURRENT ASSETS 68,871 43,960
TOTAL ASSETS LESS CURRENT LIABILITIES 94,855 76,595

CAPITAL AND RESERVES
Called up share capital 8 500 500
Retained earnings 94,355 76,095
SHAREHOLDERS' FUNDS 94,855 76,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 notes form part of these financial statements

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CLOWN ABOUT SALISBURY LIMITED (REGISTERED NUMBER: 03431489)

BALANCE SHEET - continued
31 JANUARY 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors on 31 October 2019 and
were signed on its behalf by:





Mrs J M Lucas - Director


The notes form part of these financial statements

Page 3
CLOWN ABOUT SALISBURY LIMITED (REGISTERED NUMBER: 03431489)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019


1. STATUTORY INFORMATION

Clown About Salisbury 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.

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.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is
the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents net sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low
value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the
profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of
acquisition.

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 Statement of Income and
Retained Earnings, 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.


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CLOWN ABOUT SALISBURY LIMITED (REGISTERED NUMBER: 03431489)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2019


2. ACCOUNTING POLICIES - continued
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.

Debtors
Debtors are measured at their recoverable amount.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past
event that will probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their
settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2018 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2018
and 31 January 2019 314,470
DEPRECIATION
At 1 February 2018 281,835
Charge for year 6,651
At 31 January 2019 288,486
NET BOOK VALUE
At 31 January 2019 25,984
At 31 January 2018 32,635


5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2019 2018
£    £   
Other debtors 523,219 451,906

Page 5 continued...
CLOWN ABOUT SALISBURY LIMITED (REGISTERED NUMBER: 03431489)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2019


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 236,663 200,000
Trade creditors 52,866 66,925
Taxation and social security 110,351 104,111
Other creditors 59,810 43,077
459,690 414,113

7. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Bank overdraft 20,076 -
Bank loans 216,587 200,000
236,663 200,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
500 Ordinary £1 500 500

9. RELATED PARTY DISCLOSURES

Included in creditors due within one year is £15,241 (2018 - £Nil) due to the directors of the company.

Page 6