Accounts filed on 30-04-2019


ACCOUNTS
FOR THE YEAR ENDED 30/04/2019





DIRECTORS
Mr C R Ascough
Mrs A S Ascough



SECRETARY
Mr C R Ascough


REGISTERED OFFICE
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06537657



ACCOUNTANTS


ACCOUNTS
FOR THEYEARENDED30/04/2019



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30/04/2019

			2019		2018
	Notes		£		£

FIXED ASSETS
Intangible assets	2		23,350		23,950
Tangible assets	3		7,753		10,337

			31,103		34,287

CURRENT ASSETS
Stock		10,490		9,680
Debtors	5	976		1,106
Cash at bank and in hand		87,133		135,435
		98,599		146,221
CREDITORS: Amounts falling due within one year	6	113,943		147,825
NET CURRENT LIABILITIES			(15,344)		(1,604)
TOTAL ASSETS LESS CURRENT LIABILITIES			15,759		32,683


PROVISIONS FOR LIABILITIES AND CHARGES	8		1,473		1,964

NET ASSETS			14,286		30,719

CAPITAL AND RESERVES

Called up share capital	9		2		2
Profit and loss account			14,284		30,717
SHAREHOLDERS' FUNDS			14,286		30,719

For the year ending 30/04/2019 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 08/01/2020 and signed on their behalf by



.............................
Mr C R Ascough
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and Fittings		reducing balance 25%
Equipment		reducing balance 25%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




5. DEBTORS	2019	2018
	£	£
Amounts falling due within one year
Prepayments	976	1,106
	976	1,106




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2019	2018
	£	£
UK corporation tax	13,197	18,002
VAT	31,578	30,243
PAYE control	4,952	3,789
Salaries and wages control	11,909	18,677
Directors current account	19,237	49,035
Trade creditors	25,480	25,569
Accruals	7,590	2,510
	113,943	147,825




9. SHARE CAPITAL	2019	2018
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each	2	2
	2	2




10. CONTROLLING PARTY
The company is controlled by Mr C R Asough and Mrs A S Ascough.




11. RELATED PARTY TRANSACTIONS
During the year, total dividends of £70,000 (2018 - £70.000) were paid to the directors.