Eden_Commercials_Cumbria_Ltd_31_Oct_2019_companies_house_set_of_accounts.html
Eden_Commercials_Cumbria_Ltd_31_Oct_2019_companies_house_set_of_accounts.html
Company registration number:
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Eden Commercials Cumbria Ltd
Year ended 31 October 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eden Commercials Cumbria Ltd for the year ended 31 October 2019 which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of Eden Commercials Cumbria Ltd , as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Eden Commercials Cumbria Ltd and state those matters that we have agreed to state to the Board of Directors of Eden Commercials Cumbria Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eden Commercials Cumbria Ltd and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Eden Commercials Cumbria Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Eden Commercials Cumbria Ltd . You consider that Eden Commercials Cumbria Ltd is exempt from the statutory audit requirement for the year.
River BendCulgaithPenrith CA10 1QEUnited Kingdom
Date:
23 September 2020
Statement of Financial Position
| 2019 | 2018 | ||||
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| Note | £ | £ | |||
| Fixed assets | |||||
| Tangible assets | 5 |
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| Current assets | |||||
| Stocks |
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| Debtors | 6 |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year | 7 |
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| Net current assets |
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| Total assets less current liabilities | 500,531 | 360,095 | |||
| Capital and reserves | |||||
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| Profit and loss account |
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| Shareholders funds |
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For the year ending 31 October 2019 , the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These 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.
These financial statements were approved by the board of directors and authorised for issue on 23 September 2020 , and are signed on behalf of the board by:
| Director |
Company registration number:
09317585
Notes to the Financial Statements
Year ended 31 October 2019
1 General information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Sycamore House , Bolton , Appleby-in-Westmorland , CA16 6AW , United Kingdom.
2 Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.
3 Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The financial statements are prepared in sterling, which is the functional currency of the company.
Turnover
Tangible assets
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
| Plant and machinery | |
| Motor vehicles |
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
4 Average number of employees
The average number of persons employed by the company during the year was 5 (2018: 3.00 ).
5 Tangible assets
| Plant and machinery etc. | ||
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| £ | ||
| Cost | ||
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| Additions |
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| Disposals |
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| At |
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| Depreciation | ||
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| Carrying amount | ||
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| At 31 October 2018 |
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6 Debtors
| 2019 | 2018 | |||
|---|---|---|---|---|
| £ | £ | |||
| Trade debtors |
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7 Creditors: amounts falling due within one year
| 2019 | 2018 | |||
|---|---|---|---|---|
| £ | £ | |||
| Trade creditors |
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| Taxation and social security |
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| Other creditors |
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