Accounts Submission

Accounts Submission

THE CORNISH CLOTHING COMPANY LIMITED - Company Information

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THE CORNISH CLOTHING COMPANY LIMITED

Company Registration Number:
11162214 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2020

Period of accounts

Start date: 01 February 2019

End date: 31 July 2020

Page 1

THE CORNISH CLOTHING COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2020

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

Page 2

THE CORNISH CLOTHING COMPANY LIMITED

Company Information

for the Period Ended 31 July 2020




Director: Kenneth dalley
Registered office: 32 Penpol Terrace
Penpol Terrace
Hayle
England
TR27 4BQ
Company Registration Number: 11162214 (England and Wales)

Page 3

THE CORNISH CLOTHING COMPANY LIMITED

Directors' Report Period Ended 31 July 2020

The directors present their report with the financial statements of the company for the period ended 31 July 2020

Principal Activities

RETAIL

Political and charitable donations

THE COMPANY DONATED £5750 WOTH OF CLOTHES TO A CHARITY NO POLICITAL DONATIONS

Directors

The directors shown below have held office during the whole of the period from 01 February 2019 to 31 July 2020
Kenneth dalley

This report was approved by the board of directors on 24 January 2021
And Signed On Behalf Of The Board By:

Name: Kenneth dalley
Status: Director

Page 4

THE CORNISH CLOTHING COMPANY LIMITED

Profit and Loss Account

for the Period Ended 31 July 2020


Notes		 18 months to
31 Jul 2020
£
2019
£
Gross Profit or (Loss) 24,509 10,380
Distribution Costs ( 4,121 ) ( 1,530 )
Administrative Expenses ( 22,100 ) ( 14,890 )
Operating Profit or (Loss) ( 1,712 ) ( 6,040 )
Profit or (Loss) Before Tax ( 1,712 ) ( 6,040 )
Profit or (Loss) for Period ( 1,712 ) ( 6,040 )

The notes form part of these financial statements

Page 5

THE CORNISH CLOTHING COMPANY LIMITED

Balance sheet

As at 31 July 2020


Notes		 18 months to
31 Jul 2020
£
2019
£
Fixed assets
Intangible assets: 4 950 1,000
Tangible assets: 5 2,450 2,500
Total fixed assets: 3,400 3,500
Current assets
Stocks: 41,501 39,500
Cash at bank and in hand: 2,010 1,250
Total current assets: 43,511 40,750
Creditors: amounts falling due within one year: ( 4,900 ) ( 1,250 )
Net current assets (liabilities): 38,611 39,500
Total assets less current liabilities: 42,011 43,000
Creditors: amounts falling due after more than one year: ( 43,000 ) ( 43,000 )
Provision for liabilities: ( 200 ) ( 200 )
Total net assets (liabilities): ( 1,189 ) ( 200 )

The notes form part of these financial statements

Page 6

THE CORNISH CLOTHING COMPANY LIMITED

Balance sheet continued

As at 31 July 2020


Notes		 18 months to
31 Jul 2020
£
2019
£
Capital and reserves
Called up share capital: 10 10
Revaluation reserve: 6 0 0
Profit and loss account: ( 1,199 ) ( 210 )
Shareholders funds: ( 1,189 ) ( 200 )

For the year ending 31 July 2020 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 24 January 2021
And Signed On Behalf Of The Board By:

Name: Kenneth dalley
Status: Director

The notes form part of these financial statements

Page 7

THE CORNISH CLOTHING COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2020

  • 1. Accounting policies

    Basis of measurement and preparation

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

Page 8

THE CORNISH CLOTHING COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2020

  • 2. Employees

    18 months to
    31 Jul 2020
    2019
    Average number of employees during the period 3 3

Page 9

THE CORNISH CLOTHING COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2020

  • 3. Off balance sheet disclosure

    No

Page 10

THE CORNISH CLOTHING COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2020

  • 4. Intangible assets

    Total
    Cost £
    At 01 February 2019 1,000
    Additions -
    Disposals (50)
    Revaluations -
    Transfers -
    At 31 July 2020 950
    Amortisation
    Charge for year -
    On disposals -
    Other adjustments -
    Amortisation at 31 July 2020 -
    Net book value
    Net book value at 31 July 2020 950
    Net book value at 31 January 2019 1,000

Page 11

THE CORNISH CLOTHING COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2020

5. Tangible Assets

Total
Cost £
At 01 February 2019 2,500
Additions -
Disposals (50)
Revaluations -
Transfers -
At 31 July 2020 2,450
Depreciation
At 01 February 2019 -
Charge for year -
On disposals -
Other adjustments -
At 31 July 2020 -
Net book value
At 31 July 2020 2,450
At 31 January 2019 2,500

Page 12

THE CORNISH CLOTHING COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2020

6. Revaluation reserve

18 months to
31 Jul 2020
£
Balance at 01 February 2019 0
Surplus or deficit after revaluation 0
Balance at 31 July 2020 0

Page 13