Toni & Guy (Bury St Edmunds) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03686934 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2019

for

Toni & Guy (Bury St Edmunds) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S M Clarke

REGISTERED OFFICE:

58-60 Stamford Street

London

SE1 9LX

REGISTERED NUMBER:

03686934 (England and Wales)

ACCOUNTANTS:

Styles & Associates Limited

Berkeley House

Amery Street

Alton

Hampshire

GU34 1HN

FIXED ASSETS

Intangible assets

4

3,308

4,574

Tangible assets

5

66

291

3,374

4,865

CURRENT ASSETS

Stocks

3,027

3,698

Debtors

6

17,265

20,688

Cash at bank and in hand

10,999

7,734

31,291

32,120

CREDITORS

Amounts falling due within one year

7

270,893

266,499

NET CURRENT LIABILITIES

(239,602

)

(234,379

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(236,228

)

(229,514

)

CAPITAL AND RESERVES

Called up share capital

9

20,000

20,000

Retained earnings

(256,228

)

(249,514

)

SHAREHOLDERS' FUNDS

(236,228

)

(229,514

)

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 director acknowledges his 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 director and authorised for issue on 28 August 2020 and were signed by:

S M Clarke - Director

1.	STATUTORY INFORMATION

Toni & Guy (Bury St Edmunds) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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 represents net invoiced sales of goods and services, excluding value added tax.

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.

Franchise Costs are being amortised evenly over their estimated useful life of five years.

Leasehold Cost are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

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.

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.

Going concern

The company meets its day to day working capital requirements through a short term loan, bank overdraft facility

and extended supplier credit from related companies when available. The franchise agreement is in the process of

being renewed. The director considers that it is appropriate to prepare financial statements on a going concern

basis as he expects the company to continue to trade within the facilities made available.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2018 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Franchise

Leasehold

Costs

Cost

Totals

£

£

£

COST

At 1 September 2018

and 31 August 2019

2,750

3,580

6,330

AMORTISATION

At 1 September 2018

1,100

656

1,756

Amortisation for year

550

716

1,266

At 31 August 2019

1,650

1,372

3,022

NET BOOK VALUE

At 31 August 2019

1,100

2,208

3,308

At 31 August 2018

1,650

2,924

4,574

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 September 2018

and 31 August 2019

257,944

DEPRECIATION

At 1 September 2018

257,653

Charge for year

225

At 31 August 2019

257,878

NET BOOK VALUE

At 31 August 2019

66

At 31 August 2018

291

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Other debtors

17,265

20,688

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Trade creditors

231,488

212,915

Taxation and social security

14,052

18,280

Other creditors

25,353

35,304

270,893

266,499

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.8.19

31.8.18

£

£

Within one year

51,357

51,376

Between one and five years

198,000

198,000

In more than five years

96,525

146,025

345,882

395,401

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.19

31.8.18

value:

£

£

5,200

'A' Ordinary

£1

5,200

5,200

14,800

'B' Ordinary

£1

14,800

14,800

20,000

20,000

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end, the company owed the director £2,978 (2018: £7,225).

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are deemed to be S M Clarke and D Clarke, jointly.