the fresh accountancy company limited

the fresh accountancy company limited

THE FRESH ACCOUNTANCY COMPANY LIMITED - Company Information

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1 May 2018 false No description of principal activity Taxfiler 2019.11.Web 07700198business:PrivateLimitedCompanyLtd2018-05-012019-08-31 077001982018-04-30 077001982018-05-012019-08-31 07700198business:AuditExemptWithAccountantsReport2018-05-012019-08-31 07700198business:FullAccounts2018-05-012019-08-31 077001982019-08-31 07700198business:Director12018-05-012019-08-31 07700198business:CompanySecretary12018-05-012019-08-31 07700198business:RegisteredOffice2018-05-012019-08-31 077001982018-04-30 07700198core:WithinOneYear2019-08-31 07700198core:WithinOneYear2018-04-30 07700198core:AfterOneYear2019-08-31 07700198core:AfterOneYear2018-04-30 07700198core:ShareCapital2019-08-31 07700198core:ShareCapital2018-04-30 07700198core:RetainedEarningsAccumulatedLosses2019-08-31 07700198core:RetainedEarningsAccumulatedLosses2018-04-30 07700198business:SmallEntities2018-05-012019-08-31 07700198countries:EnglandWales2018-05-012019-08-31 07700198core:LandBuildings2018-05-012019-08-31 07700198core:PlantMachinery2018-05-012019-08-31 07700198core:LandBuildings2018-04-30 07700198core:PlantMachinery2018-04-30 07700198core:LandBuildings2019-08-31 07700198core:PlantMachinery2019-08-31 077001982017-05-012018-04-30 iso4217:GBP xbrli:pure
Company Registration No. 07700198 (England and Wales)
the fresh accountancy company limited Unaudited accounts for the period from 1 May 2018 to 31 August 2019
the fresh accountancy company limited Unaudited accounts Contents
Page
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the fresh accountancy company limited Company Information for the period from 1 May 2018 to 31 August 2019
Director
Mr T Baker
Secretary
Mrs R J Baker
Company Number
07700198 (England and Wales)
Registered Office
Orchard House Clyst St Mary Exeter Devon EX5 1BR United Kingdom
Accountants
the fresh accountancy company limited Orchard House Clyst St Mary EXETER Devon EX5 1BR
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the fresh accountancy company limited Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of the fresh accountancy company limited for the period from 1 May 2018 to 31 August 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the fresh accountancy company limited for the period from 1 May 2018 to 31 August 2019 as set out on pages 5 - 7 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
the fresh accountancy company limited Chartered Accountants Orchard House Clyst St Mary EXETER Devon EX5 1BR 16 October 2019
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the fresh accountancy company limited Statement of financial position as at 31 August 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
295,990 
72,577 
Investments
5
75 
75 
296,065 
72,652 
Current assets
Inventories
6
1,000 
1,000 
Debtors
7
243,085 
108,779 
Cash at bank and in hand
11 
5 
244,096 
109,784 
Creditors: amounts falling due within one year
8
(173,211)
(62,513)
Net current assets
70,885 
47,271 
Total assets less current liabilities
366,950 
119,923 
Creditors: amounts falling due after more than one year
9
(358,970)
(176,633)
Net assets/(liabilities)
7,980 
(56,710)
Capital and reserves
Called up share capital
101 
100 
Profit and loss account
7,879 
(56,810)
Shareholders' funds
7,980 
(56,710)
For the period ending 31 August 2019 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 16 October 2019.
Mr T Baker Director Company Registration No. 07700198
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the fresh accountancy company limited Notes to the Accounts for the period from 1 May 2018 to 31 August 2019
1
Statutory information
the fresh accountancy company limited is a private company, limited by shares, registered in England and Wales, registration number 07700198. The registered office is Orchard House, Clyst St Mary, Exeter, Devon, EX5 1BR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the period from 1 May 2018 to 31 August 2019 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2017. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Are not depreciated but are held at fair value
Plant & machinery
25% reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2018
70,000 
10,862 
80,862 
Additions
295,990 
- 
295,990 
Disposals
(70,000)
- 
(70,000)
At 31 August 2019
295,990 
10,862 
306,852 
Depreciation
At 1 May 2018
- 
8,285 
8,285 
Charge for the period
- 
2,577 
2,577 
At 31 August 2019
- 
10,862 
10,862 
Net book value
At 31 August 2019
295,990 
- 
295,990 
At 30 April 2018
70,000 
2,577 
72,577 
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the fresh accountancy company limited Notes to the Accounts for the period from 1 May 2018 to 31 August 2019
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 May 2018
75 
Valuation at 31 August 2019
75 
6
Inventories
2019 
2018 
£ 
£ 
Raw materials
1,000 
1,000 
1,000 
1,000 
7
Debtors
2019 
2018 
£ 
£ 
Trade debtors
22,201 
13,215 
Amounts due from group undertakings etc.
- 
95,564 
Other debtors
220,884 
- 
243,085 
108,779 
8
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Bank loans and overdrafts
129,206 
11,298 
Trade creditors
2,138 
120 
Taxes and social security
805 
37,987 
Loans from directors
41,062 
13,108 
173,211 
62,513 
9
Creditors: amounts falling due after more than one year
2019 
2018 
£ 
£ 
Bank loans
358,970 
176,633 
10
Guarantees provided on behalf of directors
The director has guaranteed the company's borrowings.
11
Average number of employees
During the period the average number of employees was 8 (2018: 7).
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