Anderson Apparel Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03562001 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2019

for

Anderson Apparel Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss C Anderson

S B Miles

SECRETARY:

Miss C Anderson

REGISTERED OFFICE:

Aberllefenni House

23/25 Penralt Street

Machynlleth

Powys

SY20 8AG

REGISTERED NUMBER:

03562001 (England and Wales)

ACCOUNTANTS:

Morgan Griffiths LLP

Chartered Accountants

Cross Chambers

9 High Street

Newtown

Powys

SY16 2NY

FIXED ASSETS

Tangible assets

4

10,104

11,358

CURRENT ASSETS

Stocks

5,500

5,500

Debtors

5

5,920

3,124

Cash at bank

5

5

11,425

8,629

CREDITORS

Amounts falling due within one year

6

44,687

37,490

NET CURRENT LIABILITIES

(33,262

)

(28,861

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(23,158

)

(17,503

)

PROVISIONS FOR LIABILITIES

1,756

1,959

NET LIABILITIES

(24,914

)

(19,462

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(24,916

)

(19,464

)

SHAREHOLDERS' FUNDS

(24,914

)

(19,462

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 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 by the Board of Directors on 20 November 2019 and were signed on its behalf by:

Miss C Anderson - Director

1.	STATUTORY INFORMATION

Anderson Apparel 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents work done 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 etc

-

10% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2018

and 28 February 2019

21,566

DEPRECIATION

At 1 March 2018

10,208

Charge for year

1,254

At 28 February 2019

11,462

NET BOOK VALUE

At 28 February 2019

10,104

At 28 February 2018

11,358

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Trade debtors

5,920

3,124

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Bank loans and overdrafts

8,072

2,069

Trade creditors

2

1,446

Taxation and social security

1,752

2,688

Other creditors

34,861

31,287

44,687

37,490