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ETHICAL BLENDS LTD - Company Information

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Company Registration Number:
07895496 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2019

Period of accounts

Start date: 01 February 2018

End date: 31 January 2019

Contents of the Financial Statements

for the Period Ended 31 January 2019


Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 8

Directors' Report Period Ended 31 January 2019

The directors present their report with the financial statements of the company for the period ended 31 January 2019

Principal Activities

The company's principal activity during the period was the development, manufacture and sale of food and beverage products.

Directors

The directors shown below have held office during the whole of the period from 01 February 2018 to 31 January 2019
PA Ascroft
SJA Bickley

This report was approved by the board of directors on 31 October 2019
And Signed On Behalf Of The Board By:

Name: PA Ascroft
Status: Director

Balance sheet

As at 31 January 2019

	Notes	2019 £	2018 £
Fixed assets
Intangible assets:	2	7,850	7,850
Tangible assets:	3	22,538	49,985
Total fixed assets:		30,388	57,835
Current assets
Stocks:		0	41,265
Debtors:		13,979	4,485
Cash at bank and in hand:		680	2,090
Total current assets:		14,659	47,840
Creditors: amounts falling due within one year:		( 179,461 )	( 172,999 )
Net current assets (liabilities):		( 164,802 )	( 125,159 )
Total assets less current liabilities:		( 134,414 )	( 67,324 )
Provision for liabilities:		( 0 )
Accruals and deferred income:		( 22,538 )	( 45,076 )
Total net assets (liabilities):		( 156,952 )	( 112,400 )

The notes form part of these financial statements

Balance sheet continued

As at 31 January 2019

	2019 £	2018 £
Capital and reserves
Called up share capital:	12	12
Profit and loss account:	( 156,964 )	( 112,412 )
Shareholders funds:	( 156,952 )	( 112,400 )

For the year ending 31 January 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 31 October 2019
And Signed On Behalf Of The Board By:

Name: PA Ascroft
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 January 2019

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets depreciation policy

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful life as follows:
Plant & machinery: 2 - 5 years
Fixtures & fittings: 2- 5 years
Office equipment: 4 years

Intangible fixed assets amortisation policy

Trademarks and licences acquired are initially recognised at cost and are subsequently carried at cost less accumulated amortisation and impairment losses. These costs are amortised to profit or loss using the straight-line method over 10 years, which is the shorter of their estimated lives and periods of contractual rights.

Other accounting policies

Government grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to the profit and loss.

Notes to the Financial Statements

for the Period Ended 31 January 2019

2. Intangible assets

	Total
Cost	£
At 01 February 2018	7,850
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2019	7,850
Amortisation
Charge for year	-
On disposals	-
Other adjustments	-
Amortisation at 31 January 2019	-
Net book value
Net book value at 31 January 2019	7,850
Net book value at 31 January 2018	7,850

Notes to the Financial Statements

for the Period Ended 31 January 2019

3. Tangible Assets

	Total
Cost	£
At 01 February 2018	83,077
Additions	-
Disposals	(15,460)
Revaluations	-
Transfers	0
At 31 January 2019	67,617
Depreciation
At 01 February 2018	33,092
Charge for year	23,302
On disposals	(11,315)
Other adjustments	-
At 31 January 2019	45,079
Net book value
At 31 January 2019	22,538
At 31 January 2018	49,985

Depreciation on assets funded by the Nottingham Economic Development Capital Fund (NEDC) amounted to £22,538.

Director:		PA Ascroft
		SJA Bickley


Registered office:		1 Horseshoe Park Pangbourne Reading Berkshire England RG8 7JW


Company Registration Number:		07895496 (England and Wales)

Accounts Submission