Flagstart Limited 30/11/2019 iXBRL
Flagstart Limited 30/11/2019 iXBRL
Company registration number:
04799143
Contents
Abridged balance sheet
Notes to the financial statements
Abridged Balance sheet
30 November 2019
2019 | 2018 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks |
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Debtors |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year |
(
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(
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_______ | _______ | ||||||||
Net current liabilities |
(
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(
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Provisions for liabilities |
(
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(
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_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
03 February 2020
, and are signed on behalf of the board by:
Director
Company registration number:
04799143
Notes to the financial statements
Year ended 30 November 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8a High Street, Normanby, Middlesbrough, TS6 0JZ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Provisions
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
12
(2018:
14
).
5.
Tangible assets
£ | ||
Cost | ||
At 1 December 2018 |
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Additions |
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_______ | ||
At 30 November 2019 |
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_______ | ||
Depreciation | ||
At 1 December 2018 |
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Charge for the year |
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_______ | ||
At 30 November 2019 |
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_______ | ||
Carrying amount | ||
At 30 November 2019 |
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_______ | ||
At 30 November 2018 |
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_______ | ||
6.
Directors advances, credits and guarantees
There were no directors advances, credits or guarantees in the period.