LIQUOR-ISH LTD
LIQUOR-ISH LTD
Registered number: 11489946
Unaudited ABRIDGED Financial Statements
For the Period 30 July 2018 to 31 December 2019
Certax Accounting Hampstead
LIQUOR-ISH LTD
Unaudited Financial Statements
For the Period 30 July 2018 to 31 December 2019
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Abridged Balance Sheet | 1—2 |
| Notes to the Abridged Financial Statements | 3 |
LIQUOR-ISH LTD
Abridged Balance Sheet
As at
31 December 2019
Abridged Balance Sheet
Registered number:
11489946
For the period ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 31 December 2019 | |||
|---|---|---|---|
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Stocks |
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| Debtors |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
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| NET LIABILITIES |
( |
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| CAPITAL AND RESERVES | |||
| Called up share capital | 3 |
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| Profit and Loss Account |
( |
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| SHAREHOLDERS' FUNDS | (15,274) | ||
Page 1
LIQUOR-ISH LTD
Abridged Balance Sheet (continued)
As at
31 December 2019
Directors' responsibilities:
-
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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
-
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2019 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
|
Director
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The notes on page 3 form part of these financial statements.
Page 2
LIQUOR-ISH LTD
Notes to the Abridged Financial Statements
For the Period 30 July 2018 to 31 December 2019
Notes to the Abridged Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.
Average Number of Employees
Average number of employees, including directors, during the year was 2.
4.
General Information
LIQUOR-ISH LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11489946 . The registered office is 4 Hampstead West, 224 Iverson Road, London, NW6 2HL.
Page 3