Ewe & Me Ltd - Accounts to registrar (filleted) - small 18.2

Ewe & Me Ltd - Accounts to registrar (filleted) - small 18.2

EWE & ME LIMITED - Company Information

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REGISTERED NUMBER: SC237436 (Scotland)















Financial Statements for the Year Ended 31 January 2020

for

Ewe & Me Ltd
Ewe & Me Ltd (Registered number: SC237436)






Contents of the Financial Statements
for the Year Ended 31 January 2020




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Ewe & Me Ltd

Company Information
for the Year Ended 31 January 2020







DIRECTORS: Mrs J M Hartree
S E Baines





SECRETARY: S E Baines





REGISTERED OFFICE: 82/86 High Street
Grantown on Spey
Morayshire
PH26 3EL





REGISTERED NUMBER: SC237436 (Scotland)





ACCOUNTANTS: Highland Accountancy Practice
Chartered Accountants
Suite 1A, Willow House
Stoneyfield Business Park
Inverness
Highland
IV2 7PA
Page 1
Ewe & Me Ltd (Registered number: SC237436)

Abridged Balance Sheet
31 January 2020

31.1.20 31.1.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 279 136

CURRENT ASSETS
Stocks 40,193 42,383
Debtors 205 -
Cash at bank and in hand 91,521 82,133
131,919 124,516
CREDITORS
Amounts falling due within one year 64,594 58,363
NET CURRENT ASSETS 67,325 66,153
TOTAL ASSETS LESS CURRENT
LIABILITIES
67,604
66,289

PROVISIONS FOR LIABILITIES 53 -
NET ASSETS 67,551 66,289

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 67,450 66,188
SHAREHOLDERS' FUNDS 67,551 66,289

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 notes form part of these financial statements

Page 2 continued...
Ewe & Me Ltd (Registered number: SC237436)

Abridged Balance Sheet - continued
31 January 2020


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 January 2020 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 6 July 2020 and were
signed on its behalf by:





Mrs J M Hartree - Director


The notes form part of these financial statements

Page 3
Ewe & Me Ltd (Registered number: SC237436)

Notes to the Financial Statements
for the Year Ended 31 January 2020

1. STATUTORY INFORMATION

Ewe & Me Ltd is a private company, limited by shares , registered in Scotland. 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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and Fittings - 25% on reducing balance
Computer Equipment - 33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation,
impairment losses, and reversals of impairment losses (where applicable).

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 6 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2019 11,338
Additions 266
At 31 January 2020 11,604
DEPRECIATION
At 1 February 2019 11,202
Charge for year 123
At 31 January 2020 11,325
NET BOOK VALUE
At 31 January 2020 279
At 31 January 2019 136

Page 4 continued...
Ewe & Me Ltd (Registered number: SC237436)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2020

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2020 and
31 January 2019:

31.1.20 31.1.19
£    £   
Mrs J M Hartree
Balance outstanding at start of year 34,527 27,653
Amounts advanced 17,845 20,770
Amounts repaid (12,718 ) (13,896 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,654 34,527

S E Baines
Balance outstanding at start of year 15,017 9,756
Amounts advanced 9,625 10,750
Amounts repaid (7,680 ) (5,489 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,962 15,017

Page 5