Age UK Teesside Trading Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02661639 (England and Wales)

Audited Financial Statements for the Year Ended 31 March 2019

for

Age UK Teesside Trading Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr D Eagle

REGISTERED OFFICE:

The Dorothy Rose Suites (29-32)

The TAD Centre

Ormesby Road

Middlesbrough

TS3 7SF

REGISTERED NUMBER:

02661639 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr John Benson FCA

AUDITORS:

JBC Accountants Limited

Statutory Auditor

3B Lockheed Court

Preston Farm

Stockton on Tees

TS18 3SH

CURRENT ASSETS

Debtors

5

-

8,252

Cash at bank and in hand

11,067

20,402

11,067

28,654

CREDITORS

Amounts falling due within one year

6

11,097

28,684

NET CURRENT LIABILITIES

(30

)

(30

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(30

)

(30

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(32

)

(32

)

SHAREHOLDERS' FUNDS

(30

)

(30

)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 30 October 2019 and were signed by:

Mr D Eagle - Director

1.	STATUTORY INFORMATION

Age UK Teesside Trading 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 directors consider that there are no material uncertainties about the company's ability to continue as a going

concern. Even though, insurance activities have discontinued, the directors have been exploring other areas of

trading opportunities and have firm plans in place.

Turnover

Turnover represents insurance commissions receivable during the year and a minor grant.

Tangible fixed assets

Tangible fixed assets with a value over £500 are capitalised and depreciated on a straight line basis at the

following rates:

Plant and machinery etc

25%

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred tax is provided on the liability method to take account of timing differences between the treatment of

certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is

accounted for in respect of all material timing differences.

Current and deferred 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Grants

Grants receivable are credited to the profit and loss account so as to match them with the expenditure towards

which they are intended to contribute.

Any unexpended grants at the balance sheet date are included in deferred income and carried forward to be

matched in a future period.

Any grants received as a contribution towards the purchase of a fixed asset are credited to the profit and loss

account by instalments over the estimated useful economic life of the asset on a basis consistent with the

depreciation policy.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - 3 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

3,999

Disposals

(3,999

)

At 31 March 2019

-

DEPRECIATION

At 1 April 2018

3,999

Eliminated on disposal

(3,999

)

At 31 March 2019

-

NET BOOK VALUE

At 31 March 2019

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

VAT

-

14

Prepayments and accrued income

-

8,238

-

8,252

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed to group undertakings

10,797

23,056

Accruals and deferred income

300

5,628

11,097

28,684

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr John Benson FCA (Senior Statutory Auditor)

for and on behalf of JBC Accountants Limited

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by its parent undertaking, Age UK Teesside Limited.