Satin Design Limited - Accounts to registrar (filleted) - small 18.2
Satin Design Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 1 JULY 2018 TO 31 MARCH 2019 |
| FOR |
| SATIN DESIGN LIMITED |
| SATIN DESIGN LIMITED (REGISTERED NUMBER: 05849644) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JULY 2018 TO 31 MARCH 2019 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| SATIN DESIGN LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 JULY 2018 TO 31 MARCH 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 24 Bedford Row |
| London |
| WC1R 4TQ |
| SATIN DESIGN LIMITED (REGISTERED NUMBER: 05849644) |
| ABRIDGED BALANCE SHEET |
| 31 MARCH 2019 |
| 2019 | 2018 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | 4 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Retained earnings | 6 |
| SHAREHOLDERS' FUNDS | 9 |
| 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. |
| SATIN DESIGN LIMITED (REGISTERED NUMBER: 05849644) |
| ABRIDGED BALANCE SHEET - continued |
| 31 MARCH 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| SATIN DESIGN LIMITED (REGISTERED NUMBER: 05849644) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JULY 2018 TO 31 MARCH 2019 |
| 1. | STATUTORY INFORMATION |
| Satin Design Limited is a |
| number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared in accordance with applicable Accounting Standards in the United Kingdom. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
| tax and other sales taxes. |
| Tangible fixed assets |
| Short leasehold | - |
| Fixtures, fittings and equipment | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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 period 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. |
| SATIN DESIGN LIMITED (REGISTERED NUMBER: 05849644) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2018 TO 31 MARCH 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire |
| purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over |
| their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the |
| future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 July 2018 |
| Additions |
| At 31 March 2019 |
| DEPRECIATION |
| At 1 July 2018 |
| Charge for period |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 30 June 2018 |
| SATIN DESIGN LIMITED (REGISTERED NUMBER: 05849644) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2018 TO 31 MARCH 2019 |
| 3. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Totals |
| £ |
| COST |
| At 1 July 2018 |
| and 31 March 2019 | 21,623 |
| DEPRECIATION |
| At 1 July 2018 | 4,225 |
| Charge for period | 4,349 |
| At 31 March 2019 | 8,574 |
| NET BOOK VALUE |
| At 31 March 2019 | 13,049 |
| At 30 June 2018 | 17,398 |
| 4. | PROVISIONS FOR LIABILITIES |
| 2019 | 2018 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Deferred |
| tax |
| £ |
| Balance at 1 July 2018 |
| Provided during period | ( |
) |
| Balance at 31 March 2019 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| SATIN DESIGN LIMITED (REGISTERED NUMBER: 05849644) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JULY 2018 TO 31 MARCH 2019 |
| 6. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 July 2018 |
| Profit for the period |
| At 31 March 2019 |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the period ended 31 March 2019 and the year ended |
| 30 June 2018: |
| 2019 | 2018 |
| £ | £ |
| Balance outstanding at start of period | ( |
) |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| Interest of £712 has been charged. |
| 8. | RELATED PARTY DISCLOSURES |
| The directors are also directors of another Company. At the balance sheet date the amounts due from the other company |
| was £174,965. (2018 £152,007). |
| 9. | RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS |
| 2019 | 2018 |
| £ | £ |
| Profit/(loss) for the financial period | ( |
) |
| Opening shareholders funds |
| Net addition/(reduction) to shareholders' funds | 115,568 | (157,471 | ) |
| Opening shareholders' funds | 36,440 | 193,911 |
| Closing shareholders' funds | 152,008 | 36,440 |