Tyler-James Pet Supplies Ltd Filleted accounts for Companies House (small and micro)

Tyler-James Pet Supplies Ltd Filleted accounts for Companies House (small and micro)

TYLER-JAMES PET SUPPLIES LTD - Company Information

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COMPANY REGISTRATION NUMBER: 09088766
Tyler-James Pet Supplies Ltd
Filleted Unaudited Financial Statements
30 June 2019
Tyler-James Pet Supplies Ltd
Statement of Financial Position
30 June 2019
2019
2018
Note
£
£
£
Fixed assets
Tangible assets
5
8,350
9,823
Current assets
Stocks
25,000
18,500
Debtors
6
11,125
8,391
Cash at bank and in hand
23,083
5,734
--------
--------
59,208
32,625
Creditors: amounts falling due within one year
7
60,620
36,493
--------
--------
Net current liabilities
1,412
3,868
-------
-------
Total assets less current liabilities
6,938
5,955
Creditors: amounts falling due after more than one year
8
1,835
4,347
-------
-------
Net assets
5,103
1,608
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
5,003
1,508
-------
-------
Shareholders funds
5,103
1,608
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Tyler-James Pet Supplies Ltd
Statement of Financial Position (continued)
30 June 2019
These financial statements were approved by the board of directors and authorised for issue on 31 March 2020 , and are signed on behalf of the board by:
Mr J Mulligan
Director
Company registration number: 09088766
Tyler-James Pet Supplies Ltd
Notes to the Financial Statements
Year ended 30 June 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 7 Moorhead Lane, Shipley, West Yorkshire, BD18 4JH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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
-
15% reducing balance
Motor vehicles
-
15% reducing balance
Equipment
-
15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2018: 3 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 July 2018 and 30 June 2019
4,000
14,460
304
18,764
-------
--------
----
--------
Depreciation
At 1 July 2018
1,912
6,912
117
8,941
Charge for the year
313
1,132
28
1,473
-------
--------
----
--------
At 30 June 2019
2,225
8,044
145
10,414
-------
--------
----
--------
Carrying amount
At 30 June 2019
1,775
6,416
159
8,350
-------
--------
----
--------
At 30 June 2018
2,088
7,548
187
9,823
-------
--------
----
--------
6. Debtors
2019
2018
£
£
Trade debtors
7,139
4,176
Other debtors
3,986
4,215
--------
-------
11,125
8,391
--------
-------
7. Creditors: amounts falling due within one year
2019
2018
£
£
Trade creditors
22,576
18,333
Social security and other taxes
2,380
9,131
Pension Creditor
2,590
172
Other creditors
33,074
8,857
--------
--------
60,620
36,493
--------
--------
8. Creditors: amounts falling due after more than one year
2019
2018
£
£
Other creditors
1,835
4,347
-------
-------
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2019
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr J Mulligan
( 6,331)
( 8,965)
( 15,296)
-------
-------
--------
2018
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr J Mulligan
–
( 6,331)
( 6,331)
----
-------
-------
10. Related party transactions
The company was under the control of Mr Mulligan-Atmore throughout the current year. Mr Mulligan-Atmore is the majority shareholder.