Burnt Soul Limited - Accounts

Burnt Soul Limited - Accounts

BURNT SOUL LIMITED - Company Information

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Registered Number: 09514960
England and Wales

 

 

 

BURNT SOUL LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2018

End date: 31 March 2019

Burnt Soul Limited
Contents Page
For the year ended 31 March 2019
Directors Sunita Dey
Hugo Kaempfer
Robyn Lythe
Registered Number 09514960
Registered Office 157-179 Kingsland Road
Bristol
BS2 0QW
Accountants Bunker & Co Chartered Accountants
66 Gloucester Road
Bishopston
Bristol
BS7 8BH
1
The directors present their annual report and the financial statements for the year ended 31 March 2019.
Principal activities
Principal activity of the company during the financial year was of manufacture of clothing.
Directors
The directors who served the company throughout the year were as follows:
Sunita Dey
Hugo Kaempfer
Robyn Lythe

Statement of Directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions
Each director who held office at the date of approval of this report confirms that: so far as the director is aware, there is no relevant audit information needed by the company’s auditor in connection with preparing their report of which the company's auditor is unaware; and the director has taken all the steps that they ought to have taken as a director in order to be aware of any relevant audit information and to establish that the company's auditor is aware of that information .

This report was approved by the board and signed on its behalf.


----------------------------------
Robyn Lythe
Director

Date approved: 16 December 2019
2
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Burnt Soul Limited for the year ended 31 March 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Burnt Soul Limited for the year ended 31 March 2019 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of Burnt Soul Limited , as a body, in accordance with the terms of our engagement letter dated 16 December 2019. Our work has been undertaken solely to prepare for your approval the accounts of Burnt Soul Limited and state those matters that we have agreed to state to the Board of Directors of Burnt Soul Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Burnt Soul Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Burnt Soul Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Burnt Soul Limited . You consider that Burnt Soul Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Burnt Soul Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 March 2019



....................................................
Bunker & Co Chartered Accountants
66 Gloucester Road
Bishopston
Bristol
BS7 8BH
16 December 2019
3
 
 		 Notes
 		 2019
£		   2018
£
Fixed assets      
Tangible fixed assets 2 7,377    5,175 
7,377    5,175 
Current assets      
Stocks 3 51,239    42,834 
Debtors 4 6,006    1,798 
Cash at bank and in hand 35,504    581 
92,749    45,213 
Creditors: amount falling due within one year 5 (55,888)   (29,606)
Net current assets 36,861    15,607 
 
Total assets less current liabilities 44,238    20,782 
Net assets 44,238    20,782 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 44,138    20,682 
Shareholders funds 44,238    20,782 
 


For the year ended 31 March 2019 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
Signed on behalf of the board of directors


--------------------------------
Hugo Kaempfer
Director

Date approved by the board: 16 December 2019
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 April 2017 100  8,837  8,937 
Profit for the year 14,245  14,245 
Total comprehensive income for the year -  14,245  14,245 
Dividends (2,400) (2,400)
Total investments by and distributions to owners -  (2,400) (2,400)
At 31 March 2018 (as restated) 100  20,682  20,782 
At 01 April 2018 100  18,284  18,384 
Profit for the year 25,854  25,854 
Total comprehensive income for the year -  25,854  25,854 
Total investments by and distributions to owners -  -  - 
At 31 March 2019 100  44,138  44,238 
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General Information
Burnt Soul Limited is a private company, limited by shares, registered in England and Wales, registration number 09514960, registration address 157-179 Kingsland Road, Bristol, , BS2 0QW.

The presentation currency is £ sterling
1.

Accounting Policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Straight Line
Motor Vehicles 20% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Tangible fixed assets

Cost Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 April 2018 4,975    2,500    7,475 
Additions 4,498    -    4,498 
Disposals -    -    - 
At 31 March 2019 9,473    2,500    11,973 
Depreciation
At 01 April 2018 1,800    500    2,300 
Charge for year 1,896    400    2,296 
On disposals -    -    - 
At 31 March 2019 3,696    900    4,596 
Net book values
Closing balance as at 31 March 2019 5,777    1,600    7,377 
Opening balance as at 01 April 2018 3,175    2,000    5,175 


3.

Stocks

2019
£		   2018
£
Stocks 51,239    42,834 
51,239    42,834 

4.

Debtors: amounts falling due within one year

2019
£		   2018
£
Trade Debtors 0    1,343 
Prepayments & Accrued Income 1,440    0 
Other Debtors 4,566    455 
6,006    1,798 

5.

Creditors: amount falling due within one year

2019
£		   2018
£
Trade Creditors 132    0 
Corporation Tax 5,548    2,832 
PAYE & Social Security 2,117    0 
Accrued Expenses 27,652    3,320 
Advance Paid 136    116 
Other Creditors 225    56 
Directors' Current Accounts 16,889    21,289 
VAT 3,189    1,993 
55,888    29,606 

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