Excellent Traders Limited - Accounts to registrar (filleted) - small 18.2
Excellent Traders Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 January 2020 |
for |
Excellent Traders Limited |
Excellent Traders Limited (Registered number: 08869662) |
Contents of the Financial Statements |
for the Year Ended 31 January 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Excellent Traders Limited |
Company Information |
for the Year Ended 31 January 2020 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
19 Victoria Terrace |
Hove |
East Sussex |
BN3 2WB |
Excellent Traders Limited (Registered number: 08869662) |
Balance Sheet |
31 January 2020 |
2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | 9 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
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 |
Excellent Traders Limited (Registered number: 08869662) |
Notes to the Financial Statements |
for the Year Ended 31 January 2020 |
1. | STATUTORY INFORMATION |
Excellent Traders Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
Going concern |
The director has confirmed that he will continue to give financial support to the company until such time as its position improves. In addition, the director has confirmed that he will not recall his loan within 12 months. The director considers that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdrawn. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 February 2019 |
and 31 January 2020 |
DEPRECIATION |
At 1 February 2019 |
Charge for year |
At 31 January 2020 |
NET BOOK VALUE |
At 31 January 2020 |
At 31 January 2019 |
Excellent Traders Limited (Registered number: 08869662) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2020 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | DEFERRED TAX |
£ |
Balance at 1 February 2019 | ( |
) |
Accelerated capital allowances | (216 | ) |
Tax on losses | (800 | ) |
Balance at 31 January 2020 | ( |
) |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
9. | RESERVES |
Retained |
earnings |
£ |
At 1 February 2019 | ( |
) |
Deficit for the year | ( |
) |
At 31 January 2020 | ( |
) |
10. | RELATED PARTY DISCLOSURES |
Included within other creditors is an amount due to the former Director A M Hussain of £28,682 (2019 - £23,838). This amount is interest free and payable on demand. |
11. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is Mr Amirul Islam who holds 50% of the shares of the company and the other shareholders , Mr Athiqul Hoque and Mr Akbur mohammed Hussain, each hold 25% of the share capital of of the company. |