Alexander Perkins Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09056627 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2020

for

Alexander Perkins Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

J D Alexander

K S Perkins

REGISTERED OFFICE:

Unit S1, The Old Brickyard

Ashton Keynes

Wiltshire

SN6 6QR

REGISTERED NUMBER:

09056627 (England and Wales)

ACCOUNTANTS:

Allium Accountancy Ltd

2 Stratton Heights

Cirencester

Gloucestershire

GL7 2RH

FIXED ASSETS

Tangible assets

4

132,755

136,675

CURRENT ASSETS

Stocks

5

2,500

2,500

Debtors

6

10,991

2,945

Prepayments and accrued income

1,125

1,846

Cash at bank

29,162

26,344

43,778

33,635

CREDITORS

Amounts falling due within one year

7

83,997

75,875

NET CURRENT LIABILITIES

(40,219

)

(42,240

)

TOTAL ASSETS LESS CURRENT LIABILITIES

92,536

94,435

CREDITORS

Amounts falling due after more than one year

8

90,231

92,187

NET ASSETS

2,305

2,248

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,303

2,246

SHAREHOLDERS' FUNDS

2,305

2,248

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 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.

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 22 July 2020 and were signed on its behalf by:

J D Alexander - Director

K S Perkins - Director

1.	STATUTORY INFORMATION

Alexander Perkins 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.

Tangible fixed assets

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

life.

Commercial unit - 2% straight line

Plant and machinery - 25% on reducing balance

Vans - 25% on reducing balance

Office equipment - 20% straight line

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.

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 year 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.

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 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Commercial

Plant &

Office

unit

machinery

Vans

equipment

Totals

£

£

£

£

£

COST

At 1 June 2019

and 31 May 2020

137,639

3,229

11,600

678

153,146

DEPRECIATION

At 1 June 2019

5,504

1,851

8,846

270

16,471

Charge for year

2,752

345

688

135

3,920

At 31 May 2020

8,256

2,196

9,534

405

20,391

NET BOOK VALUE

At 31 May 2020

129,383

1,033

2,066

273

132,755

At 31 May 2019

132,135

1,378

2,754

408

136,675

5.

STOCKS

2020

2019

£

£

Stock

2,500

2,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

10,871

1,406

Other debtors

120

1,539

10,991

2,945

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Mortgage

1,956

1,845

Trade creditors

796

9,235

Tax

12,732

5,202

VAT

1,555

7,443

Other creditors

1,825

234

Accrued expenses

868

910

Directors' current accounts

64,265

51,006

83,997

75,875

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Mortgage 1-5 years

11,687

11,026

Mortgage more 5yrs

5,091

7,708

Mortgage more 5yrs non-inst

73,453

73,453

90,231

92,187

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgage more 5yrs non-inst

73,453

73,453

Repayable by instalments

Mortgage more 5yrs

5,091

7,708

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a

Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2020 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Allium Accountancy Ltd

2 Stratton Heights

Cirencester

Gloucestershire

GL7 2RH

Date: .............................................