Aps Merlin Bodycraft (Brackley) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11899795 (England and Wales)

Unaudited Financial Statements

for the Period 22 March 2019 to 31 March 2020

for

Aps Merlin Bodycraft (Brackley) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E Jackson

D Knight

N M Sammons

REGISTERED OFFICE:

10 Manor Park

Banbury

Oxfordshire

OX16 3TB

REGISTERED NUMBER:

11899795 (England and Wales)

ACCOUNTANTS:

Handleys Chartered Accountants

10 Manor Park

Banbury

Oxfordshire

OX16 3TB

FIXED ASSETS

Intangible assets

4

800

Tangible assets

5

63,066

63,866

CURRENT ASSETS

Stocks

10,000

Debtors

6

3,846

Cash at bank and in hand

11,021

24,867

CREDITORS

Amounts falling due within one year

7

88,221

NET CURRENT LIABILITIES

(63,354

)

TOTAL ASSETS LESS CURRENT LIABILITIES

512

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

8

412

512

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 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 Board of Directors and authorised for issue on 1 September 2020 and were signed on its behalf by:

E Jackson - Director

1.	STATUTORY INFORMATION

Aps Merlin Bodycraft (Brackley) 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 (£).

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.

Revenue recognition

Turnover is recognised at the fair value of the consideration received or receivable for goods

and services provided in the normal course of business, and is shown net of value added tax

and other sales related taxes. The fair value of consideration takes into account trade

discounts, settlement discounts and volume rebates. For sales of goods, the turnover is shown

net of distribution and carriage charges.

Revenue from sale of goods is recognised when significant risks and rewards of ownership

have been transferred to the buyer, when the amount of revenue can be measured reliably,

when it is probable that the economic benefits associated with the transaction will flow to the

entity and when the costs incurred or to be incurred in respect of the transaction can be

measured reliably.

Revenue from sale of services is recognised when the stage of completion of the transaction

can be measured reliably.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Tangible fixed assets

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

Plant and machinery etc

-

10% 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 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.

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 period was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

1,000

At 31 March 2020

1,000

AMORTISATION

Charge for period

200

At 31 March 2020

200

NET BOOK VALUE

At 31 March 2020

800

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

70,073

At 31 March 2020

70,073

DEPRECIATION

Charge for period

7,007

At 31 March 2020

7,007

NET BOOK VALUE

At 31 March 2020

63,066

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

3,846

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

10,298

Taxation and social security

9,145

Other creditors

68,778

88,221

8.

RESERVES

Retained

earnings

£

Profit for the period

23,003

Dividends

(22,591

)

At 31 March 2020

412