Charlies Homes And Gardens Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07449363 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2019

for

Charlies Homes And Gardens Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C Gibbon

SECRETARY:

REGISTERED OFFICE:

The Cottage Heathman Street

Nether Wallop

Stockbridge

Hampshire

SO20 8EW

REGISTERED NUMBER:

07449363 (England and Wales)

ACCOUNTANTS:

FTF Services

54 The Parkway

Bassett

Southampton

SO16 3PN

FIXED ASSETS

Intangible assets

4

51,096

55,741

Tangible assets

5

23,696

30,296

74,792

86,037

CURRENT ASSETS

Stocks

4,918

14,180

Debtors

6

96,792

73,564

Cash at bank

-

1,183

101,710

88,927

CREDITORS

Amounts falling due within one year

7

94,206

75,521

NET CURRENT ASSETS

7,504

13,406

TOTAL ASSETS LESS CURRENT LIABILITIES

82,296

99,443

CREDITORS

Amounts falling due after more than one year

8

5,624

7,542

NET ASSETS

76,672

91,901

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

76,572

91,801

76,672

91,901

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 14 October 2020 and were signed by:

C Gibbon - Director

1.	STATUTORY INFORMATION

Charlies Homes And Gardens 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty 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

-

33% on cost, 25% on cost and 20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2018

and 30 November 2019

92,902

AMORTISATION

At 1 December 2018

37,161

Charge for year

4,645

At 30 November 2019

41,806

NET BOOK VALUE

At 30 November 2019

51,096

At 30 November 2018

55,741

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2018

and 30 November 2019

108,749

DEPRECIATION

At 1 December 2018

78,453

Charge for year

6,600

At 30 November 2019

85,053

NET BOOK VALUE

At 30 November 2019

23,696

At 30 November 2018

30,296

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade debtors

3,407

14,917

Other debtors

93,385

58,647

96,792

73,564

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Bank loans and overdrafts

4,674

2,788

Trade creditors

6,016

24,000

Taxation and social security

81,021

46,342

Other creditors

2,495

2,391

94,206

75,521

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.19

30.11.18

£

£

Bank loans

5,624

7,542

9.	RELATED PARTY DISCLOSURES

During the year expenses were paid on behalf of Appleyard Farm Ltd, a company in which Charlies Gibbon is also a

Director. As at 30 November 2019 Appleyard Farm Ltd owed Charlies Homes and Gardens Limited £91,517.41

(2018: £54,989.51)

10.	REGISTRATION OF CHARGE

National Westminster Bank Plc holds a floating charge over the assets of the company in respect of a personal loan

totalling £375,000 taken by Mr Charles Gibbon a director and Miss Jacqueline Baxter in March 2017.