Roses of Anlaby Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07973498 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

ROSES OF ANLABY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S M Rose

Mrs D E Rose

REGISTERED OFFICE:

38 Hull Road

Anlaby

Hull

HU10 6UA

REGISTERED NUMBER:

07973498 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Intangible assets

4

18,000

22,000

Tangible assets

5

203,419

227,054

221,419

249,054

CURRENT ASSETS

Stocks

1,600

1,500

Debtors

6

3,841

339

Cash at bank and in hand

24,288

25,339

29,729

27,178

CREDITORS

Amounts falling due within one year

7

55,809

45,858

NET CURRENT LIABILITIES

(26,080

)

(18,680

)

TOTAL ASSETS LESS CURRENT LIABILITIES

195,339

230,374

CREDITORS

Amounts falling due after more than one year

8

(166,138

)

(180,765

)

PROVISIONS FOR LIABILITIES

(2,457

)

(4,399

)

NET ASSETS

26,744

45,210

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

25,744

44,210

SHAREHOLDERS' FUNDS

26,744

45,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 December 2019 and were signed on its behalf by:

S M Rose - Director

1.	STATUTORY INFORMATION

Roses of Anlaby Limited is a private company, limited by shares, registered and domiciled in England. The company's

registered number is 07973498 and its registered office address and principal place of business is 38 Hull Road, Anlaby,

Hull, HU10 6UA.

The financial statements are presented in Sterling, which is the functional currency of the company and cover the individual

entity only.

The principal activity of the company is greengrocery.

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going

concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to

events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or

receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by

reference to the stage of completion at the balance sheet date.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

5% on cost

Plant and machinery etc

-

25% on cost and 15% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Stocks

Stock are stated at the lower of cost, using the first in first out method, and selling price less costs to complete and sell.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been

enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 10 (2018 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

40,000

AMORTISATION

At 1 April 2018

18,000

Charge for year

4,000

At 31 March 2019

22,000

NET BOOK VALUE

At 31 March 2019

18,000

At 31 March 2018

22,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2018

243,853

82,167

326,020

Additions

-

200

200

At 31 March 2019

243,853

82,367

326,220

DEPRECIATION

At 1 April 2018

42,672

56,294

98,966

Charge for year

12,192

11,643

23,835

At 31 March 2019

54,864

67,937

122,801

NET BOOK VALUE

At 31 March 2019

188,989

14,430

203,419

At 31 March 2018

201,181

25,873

227,054

Included within tangible fixed assets are assets held under hire purchase agreements with a net book value of £14,020. The

depreciation charge for these assets during the year was £5,608

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

3,841

339

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Commercial mortgage

13,372

13,372

Hire purchase contracts

3,086

3,086

Trade creditors

16,810

12,784

Taxation and social security

19,629

12,796

Other creditors

2,912

3,820

55,809

45,858

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Commercial mortgage

155,758

168,224

Hire purchase contracts

10,380

12,541

166,138

180,765

Amounts falling due in more than five years:

Repayable by instalments

Commercial mortgage

96,920

109,386

9.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Commercial mortgage

169,130

181,596

Hire purchase contracts

13,466

15,627

182,596

197,223

The commercial mortgage is secured by way of fixed and floating charges over all of the assets of the company, including

the freehold property being mortgaged.

The hire purchase contract is secured on the asset it is financing.

10.	RELATED PARTY DISCLOSURES

Included within other debtors is a loan from the company to the director, S M Rose. The balance outstanding at 31 March

2019 was £3,344. In the prior year, the amount was a creditor amounting to £738.

The loan was made on an interest free basis and is repayable on demand.