P AND C RETAIL UK LIMITED Filleted accounts for Companies House (small and micro)
P AND C RETAIL UK LIMITED Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
06869627
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Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
6 |
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Current assets
Stocks |
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Debtors |
7 |
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Investments |
8 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
9 |
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Net current assets |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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Net assets |
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Capital and reserves
Called up share capital |
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Share premium account |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
10 January 2021
, and are signed on behalf of the board by:
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Director |
Director |
Company registration number:
06869627
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Notes to the Financial Statements |
Year ended 31st March 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260-268 Chapel Street, Salford, Manchester, M3 5JZ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Foreign currencies
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
- |
20% reducing balance |
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Impairment of fixed assets
Stocks
Provisions
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
8
(2019:
9
).
5.
Intangible assets
Goodwill |
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£ |
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Cost |
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At 1st April 2019 and 31st March 2020 |
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Amortisation |
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At 1st April 2019 and 31st March 2020 |
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Carrying amount |
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At 31st March 2020 |
– |
-------- |
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At 31st March 2019 |
– |
-------- |
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6.
Tangible assets
Equipment |
Total |
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£ |
£ |
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Cost |
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At 1st April 2019 and 31st March 2020 |
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Depreciation |
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At 1st April 2019 |
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Charge for the year |
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-------- |
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At 31st March 2020 |
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Carrying amount |
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At 31st March 2020 |
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At 31st March 2019 |
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7.
Debtors
2020 |
2019 |
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£ |
£ |
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Other debtors |
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-------- |
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8.
Investments
2020 |
2019 |
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£ |
£ |
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Investments in group undertakings |
1,908 |
1,908 |
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------- |
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9.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Social security and other taxes |
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Other creditors |
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10.
Related party transactions
The company was under the control of
Mr P R Clapham
and Mrs C R Clapham
throughout the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed.