Accounts filed on 31-07-2019


ACCOUNTS
FOR THE YEAR ENDED 31/07/2019





DIRECTORS
Stephen Chapman
Gary Chapman
Timothy Gillard


REGISTERED OFFICE
23 Foxglove Close
Buckingham
Buckinghamshire
MK18 1FU


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08129071



ACCOUNTANTS
Balmer Accountancy Ltd
Whiteleaf Business Centre
11 Little Balmer
Buckingham
MK18 1TF


ACCOUNTS
FOR THEYEARENDED31/07/2019



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 31/07/2019

			2019		2018
	Notes		£		£


CURRENT ASSETS
Stock		7,809		7,444
Debtors	4	3,340		1,688
Cash at bank and in hand		1,504		4,610
		12,653		13,742
CREDITORS: Amounts falling due within one year	5	54,282		50,594
NET CURRENT LIABILITIES			(41,629)		(36,852)
TOTAL ASSETS LESS CURRENT LIABILITIES			(41,629)		(36,852)

CAPITAL AND RESERVES

Called up share capital	6		3		3
Profit and loss account			(41,632)		(36,855)
SHAREHOLDERS' FUNDS			(41,629)		(36,852)

For the year ending 31/07/2019 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 04/03/2020 and signed on their behalf by



.............................
Stephen Chapman
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. 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.




1c. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.




4. DEBTORS	2019	2018
	£	£
Amounts falling due within one year
Trade debtors	2,916	1,264
Other debtors	424	424
	3,340	1,688




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2019	2018
	£	£
VAT	1,016	1,493
Directors current account - SKC	40,350	36,640
Directors current account - GC	3,022	2,502
Directors current account - TG	9,119	8,599
Trade creditors	-	635
Accruals	775	725
	54,282	50,594




6. SHARE CAPITAL	2019	2018
	£	£
Allotted, issued and fully paid:
3 Ordinary shares of £1 each	3	3
	3	3