Ecclesfield 35 Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06841836

Unaudited Financial Statements

for the Period 1st July 2018 to 31st August 2019

for

Ecclesfield 35 Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C J Anderson

REGISTERED OFFICE:

Suite 2 Sheffield Design Studios

Lion Works

40 Ball Street

Sheffield

S3 8DB

REGISTERED NUMBER:

06841836

ACCOUNTANTS:

Hammond McNulty LLP

Bank House

Market Square

Congleton

Cheshire

CW12 1ET

FIXED ASSETS

Tangible assets

4

10,632

12,509

Investments

5

475,000

-

485,632

12,509

CURRENT ASSETS

Stocks

13,793

1,100,000

Debtors

704,696

140,577

Cash at bank and in hand

1,560,093

121,773

2,278,582

1,362,350

CREDITORS

Amounts falling due within one year

1,727,815

1,364,075

NET CURRENT ASSETS/(LIABILITIES)

550,767

(1,725

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,036,399

10,784

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

1,036,395

10,780

1,036,399

10,784

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31st 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 director and authorised for issue on 27th August 2020 and were signed by:

C J Anderson - Director

1.	STATUTORY INFORMATION

Ecclesfield 35 Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Going Concern

The directors have considered the potential impact of COVID-19 on the principal activities of the business and

they believe that they have sufficient resources in place to operate for the foreseeable future. Thus, they continue

to adopt the going concern basis of accounting in preparing the financial statements.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the period ended 31st August 2019 are the first that are prepared in accordance

with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the

date of transition to FRS 102 Section 1A is 1st July 2017.

There were no transition adjustments from FRS105 to FRS102 1A.

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.

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 period 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 period 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 period was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st July 2018

and 31st August 2019

31,408

DEPRECIATION

At 1st July 2018

18,899

Charge for period

1,877

At 31st August 2019

20,776

NET BOOK VALUE

At 31st August 2019

10,632

At 30th June 2018

12,509

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

Additions

475,000

At 31st August 2019

475,000

NET BOOK VALUE

At 31st August 2019

475,000

6.	POST BALANCE SHEET EVENTS

In March 2020, the UK was impacted by the outbreak of COVID-19. In order to manage the spread of the virus

the Government has imposed significant restrictions on the movement of people and the ability of businesses to

continue to trade. This event occurred after the company’s reporting period and so is considered to be a

non-adjusting event. Accordingly, the balance sheet and profit and loss for the year end 31st August 2019 have

not been adjusted to reflect their impact.

The Directors acknowledge the increasing risk from COVID-19 and have sought to mitigate their risk by

carrying out a thorough review of the business as discussed below:

Government assistance

The business has taken advantage of the government grants scheme