Fred Green & Son, Limited 31/03/2020 iXBRL
Fred Green & Son, Limited 31/03/2020 iXBRL
Company registration number:
00253966
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Secretary |
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Company number |
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Registered office |
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Business address |
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Accountants |
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Croft House | ||
Station Road | ||
Barnoldswick | ||
Lancashire | ||
BB18 5NA | ||
Bankers |
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33 Old Broad Street | ||
London | ||
Statement of financial position
31 March 2020
31/03/20 | 31/05/19 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 6 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks |
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Debtors | 7 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 9 |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Capital redemption reserve |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
01 September 2020
, and are signed on behalf of the board by:
Director
Company registration number:
00253966
Notes to the financial statements
Period ended 31 March 2020
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Canal Warehouse, Gargrave, Skipton, North Yorkshire, BD23 3PN.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Change of year end
The accounting period has been shortened from 31 May 2020 to 31 March 2020 to coincide with the tax year end. The comparative figures cover a 12 month period and are, therefore, not entirely comparable.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property | - |
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Plant and machinery | - |
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Motor vehicles | - |
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Impairment
Stocks
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
8
(2019:
8
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5.
Tax on profit
Major components of tax expense
Period | Year | |||
ended | ended | |||
31/03/20 | 31/05/19 | |||
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Current tax: | ||||
UK current tax expense |
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Deferred tax: | ||||
Origination and reversal of timing differences |
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Tax on profit |
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6.
Tangible assets
Freehold property | Plant and machinery | Motor vehicles | Total | ||
£ | £ | £ | £ | ||
Cost | |||||
At 1 June 2019 |
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Additions | - |
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Disposals | - | - |
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At 31 March 2020 |
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Depreciation | |||||
At 1 June 2019 |
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Charge for the year |
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Disposals | - | - |
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At 31 March 2020 |
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Carrying amount | |||||
At 31 March 2020 |
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At 31 May 2019 |
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7.
Debtors
31/03/20 | 31/05/19 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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8.
Creditors: amounts falling due within one year
31/03/20 | 31/05/19 | |||
£ | £ | |||
Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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9.
Creditors: amounts falling due after more than one year
31/03/20 | 31/05/19 | |||
£ | £ | |||
Other creditors |
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10.
Related party transactions