Contessa Curtains Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01302828 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2020

for

Contessa Curtains Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D J Burmiston

Mrs D Bassett

SECRETARY:

Mrs D Bassett

REGISTERED OFFICE:

243/245

York Road

Hartlepool

TS26 9AD

REGISTERED NUMBER:

01302828 (England and Wales)

ACCOUNTANTS:

JBC Accountants Limited

Chartered Accountants

3B Lockheed Court

Preston Farm

Stockton on Tees

TS18 3SH

FIXED ASSETS

Tangible assets

4

38,339

40,740

CURRENT ASSETS

Stocks

98,036

103,708

Debtors

5

516,135

303,850

Cash at bank and in hand

48,739

22,935

662,910

430,493

CREDITORS

Amounts falling due within one year

6

395,942

388,216

NET CURRENT ASSETS

266,968

42,277

TOTAL ASSETS LESS CURRENT LIABILITIES

305,307

83,017

CREDITORS

Amounts falling due after more than one year

7

1,902

4,041

NET ASSETS

303,405

78,976

CAPITAL AND RESERVES

Called up share capital

2,250

2,250

Share premium

4,194

4,194

Retained earnings

296,961

72,532

303,405

78,976

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2020 and were signed on its behalf by:

Mr D J Burmiston - Director

Mrs D Bassett - Director

1.	STATUTORY INFORMATION

Contessa Curtains 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

30% on reducing balance, 25% on reducing balance 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 profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment

of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is

accounted for in respect of all material timing differences.

Current and deferred 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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 year was 20 (2019 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2019

182,888

Additions

8,134

At 30 April 2020

191,022

DEPRECIATION

At 1 May 2019

142,148

Charge for year

10,535

At 30 April 2020

152,683

NET BOOK VALUE

At 30 April 2020

38,339

At 30 April 2019

40,740

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 May 2019

and 30 April 2020

19,581

DEPRECIATION

At 1 May 2019

9,606

Charge for year

2,494

At 30 April 2020

12,100

NET BOOK VALUE

At 30 April 2020

7,481

At 30 April 2019

9,975

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

309,865

133,788

Other debtors

206,270

170,062

516,135

303,850

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Hire purchase contracts

2,640

4,660

Trade creditors

187,785

256,501

Taxation and social security

129,350

44,643

Other creditors

76,167

82,412

395,942

388,216

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Hire purchase contracts

1,902

4,041