N G Irelan-Hill Painting & Decorating Limited,Ltd - AccountsLtd - Accounts

N G Irelan-Hill Painting & Decorating Limited,Ltd - AccountsLtd - Accounts


2019-07-01 04465793 2020-06-30 04465793 2019-07-01 2020-06-30 04465793 2019-06-30 04465793 2018-07-01 2019-06-30 04465793 uk-core:WithinOneYear 2019-06-30 04465793 uk-core:WithinOneYear 2020-06-30 04465793 uk-core:ShareCapital 2020-06-30 04465793 uk-core:ShareCapital 2019-06-30 04465793 uk-core:RetainedEarningsAccumulatedLosses 2020-06-30 04465793 uk-core:RetainedEarningsAccumulatedLosses 2019-06-30 04465793 uk-bus:Director1 2019-07-01 2020-06-30 04465793 uk-core:PlantMachinery 2019-07-01 2020-06-30 04465793 uk-core:MotorVehicles 2019-07-01 2020-06-30 04465793 uk-core:MotorVehicles 2019-06-30 04465793 uk-core:PlantMachinery 2019-06-30 04465793 uk-core:PlantMachinery 2020-06-30 04465793 uk-core:MotorVehicles 2020-06-30 iso4217:GBP xbrli:pure 04465793 uk-bus:AuditExemptWithAccountantsReport 2019-07-01 2020-06-30 04465793 uk-bus:FRS102 2019-07-01 2020-06-30 04465793 uk-bus:FullAccounts 2019-07-01 2020-06-30 04465793 uk-bus:PrivateLimitedCompanyLtd 2019-07-01 2020-06-30
N G Irelan-Hill Painting & Decorating Limited
Registered Number:04465793
For the year ended 30 June 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2020
N G Irelan-Hill Painting & Decorating Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04465793
As at 30 June 2020
N G Irelan-Hill Painting & Decorating Limited
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
1,688
2,251
2
1,688
2,251
Current assets
Inventories
500
500
3
Trade and other receivables
1,039
828
4
10,698
Cash and cash equivalents
15,987
17,315
12,237
Trade and other payables: amounts falling due within one year
(6,263)
(5,591)
5
5,974
11,724
Net current assets
Total assets less current liabilities
13,412
8,225
(321)
(428)
Provisions for liabilities
13,091
Net assets
7,797
Capital and reserves
Called up share capital
100
100
Retained earnings
12,991
7,697
13,091
7,797
Shareholders' funds
For the year ended 30 June 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Nicholas Irelan - Hill Director
These financial statements were approved and authorised for issue by the Board on 16 November 2020 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 June 2020
N G Irelan-Hill Painting & Decorating Limited
Notes to the Financial Statements
Statutory Information
N G Irelan-Hill Painting & Decorating Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 04465793.
Principal place of business:
22 Martin's Close
Chippenham
Wiltshire
SN15 3NB
Registered address:
Windyridge
Amberley
Stroud
Gloucestershire
GL5 5AA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act
2006. The financial statements have been prepared under the historical costs convention as modified by the revaluation
of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
25% Reducing balance
Motor Vehicles
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to sell.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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5
For the year ended 30 June 2020
N G Irelan-Hill Painting & Decorating Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor Vehicles
Plant and
Machinery
£
£
£
Cost or valuation
At 01 July 2019
9,684
8,200
1,484
At 30 June 2020
1,484
8,200
9,684
Provision for depreciation and impairment
At 01 July 2019
7,433
6,255
1,178
Charge for year
563
486
77
At 30 June 2020
7,996
6,741
1,255
At 30 June 2020
Net book value
229
1,459
1,688
At 30 June 2019
306
1,945
2,251
3. Inventories
2019
2020
£
£
Stocks
500
500
4. Trade and other receivables
2019
2020
£
£
Trade debtors
320
700
Other debtors
508
339
1,039
828
5. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Trade creditors
-
240
Taxation and social security
3,694
3,264
Other creditors
1,897
2,759
5,591
6,263
6. Average number of persons employed
During the year the average number of employees was 1 (2019 : 1)
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6
For the year ended 30 June 2020
N G Irelan-Hill Painting & Decorating Limited
Notes to the Financial Statements Continued
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