MARK WALTON DECORATORS LIMITED

MARK WALTON DECORATORS LIMITED

MARK WALTON DECORATORS LIMITED - Company Information

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MARK WALTON DECORATORS LIMITED

Company Registration Number:
07841713 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2019

Period of accounts

Start date: 01 December 2018

End date: 30 November 2019

MARK WALTON DECORATORS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2019

Balance sheet
Notes

MARK WALTON DECORATORS LIMITED

Balance sheet

As at 30 November 2019


Notes
2019
2018


£
£
Current assets
Debtors:   4,422 5,302
Cash at bank and in hand: 1,062 1,108
Total current assets: 5,484 6,410
Creditors: amounts falling due within one year: 3 (4,948) (5,069)
Net current assets (liabilities): 536 1,341
Total assets less current liabilities: 536 1,341
Total net assets (liabilities): 536 1,341
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 436 1,241
Shareholders funds: 536 1,341

The notes form part of these financial statements

MARK WALTON DECORATORS LIMITED

Balance sheet statements

For the year ending 30 November 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 October 2020
and signed on behalf of the board by:

Name: M P WALTON
Status: Director

The notes form part of these financial statements

MARK WALTON DECORATORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is the total amount receivable by the Company in the ordinary course of business for work done up to the balance sheet date.

Other accounting policies

Debtors and Creditors Receivable/Payable Within One Year:Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.Taxation:Taxation represents the sum of tax currently payable.

MARK WALTON DECORATORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2019

2. Employees

2019 2018
Average number of employees during the period 1 1

MARK WALTON DECORATORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2019

3. Creditors: amounts falling due within one year note

There are no secured creditors.

MARK WALTON DECORATORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2019

4. Financial commitments

The Company has entered into a non cancellable operating lease commitment with a commitment of £3,104 ( 2018: £3,104 ) due within one year and £10,296 (2018: £13,400) due between 1 and 5 years.

MARK WALTON DECORATORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2019

5. Loans to directors

Name of director receiving advance or credit: M P Walton
Description of the loan: Short Term Loan.
£
Balance at 01 December 2018 0
Advances or credits made: 1,930
Advances or credits repaid: 0
Balance at 30 November 2019 1,930