Dunreyth Alpacas (Chichester) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07747536 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2019

FOR

DUNREYTH ALPACAS (CHICHESTER) LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B Ives

Mrs P J Ives

REGISTERED OFFICE:

Dunreyth

Adsdean

Funtington

Chichester

West Sussex

PO18 9DN

REGISTERED NUMBER:

07747536 (England and Wales)

ACCOUNTANTS:

Wright & Co Partnership Limited

Chartered Accountants

5 Walsall Street

Wednesbury

West Midlands

WS10 9BZ

FIXED ASSETS

Intangible assets

4

4,200

6,300

Tangible assets

5

11,908

4,997

16,108

11,297

CURRENT ASSETS

Stocks

16,900

23,400

Cash at bank and in hand

22,786

17,874

39,686

41,274

CREDITORS

Amounts falling due within one year

83,753

81,355

NET CURRENT LIABILITIES

(44,067

)

(40,081

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(27,959

)

(28,784

)

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

(27,961

)

(28,786

)

SHAREHOLDERS' FUNDS

(27,959

)

(28,784

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2020 and were signed on its behalf by:

Mrs P J Ives - Director

1.	STATUTORY INFORMATION

Dunreyth Alpacas (Chichester) Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax

and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2018

and 31 August 2019

21,000

AMORTISATION

At 1 September 2018

14,700

Amortisation for year

2,100

At 31 August 2019

16,800

NET BOOK VALUE

At 31 August 2019

4,200

At 31 August 2018

6,300

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2018

20,256

Additions

10,884

At 31 August 2019

31,140

DEPRECIATION

At 1 September 2018

15,259

Charge for year

3,973

At 31 August 2019

19,232

NET BOOK VALUE

At 31 August 2019

11,908

At 31 August 2018

4,997

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

2

Ordinary

£1

2

2

7.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by Mrs P J Ives & Mr B Ives by virtue of their aggregate holding of all the

company's issued share capital.