Natural Wraps Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC621812 (Scotland)

NATURAL WRAPS LIMITED

FINANCIAL STATEMENTS FOR THE PERIOD 20TH FEBRUARY 2019 TO 28TH FEBRUARY 2020

Page

Balance Sheet

1

FIXED ASSETS

30,359

CURRENT ASSETS

22,376

CREDITORS

Amounts falling due within one year

(9,684

)

NET CURRENT ASSETS

12,692

TOTAL ASSETS LESS CURRENT LIABILITIES

43,051

CREDITORS

Amounts falling due after more than one year

(18,056

)

ACCRUALS AND DEFERRED INCOME

(20,000

)

NET ASSETS

4,995

CAPITAL AND RESERVES

4,995

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Natural Wraps Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC621812

Registered office:

23 First Avenue

Stevenston Industrial Estate

Stevenston

Ayrshire

KA20 3LR

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the period was 6 .

3.	BASIS OF PREPARATION

Coronavirus (COVID-19) Pandemic

COVID-19 was given pandemic status by the WHO on 11th March 2020 and the directors have carefully considered the impact of this on the company's financial statements. No changes to the basis of accounting or accounting adjustments are considered to be appropriate as a result of the directors' COVID-19 review, actions and known outcomes at the date of approval of the financial statements. Since the year-end, the company has been impacted by the national lockdown, although has continued to trade in recent months. While the pandemic has no doubt had an adverse financial impact on the business, which is a start-up, the directors consider that the company will continue to operate as a going concern for the foreseeable future.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28th February 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 28th February 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 19th February 2021 and were signed on its behalf by:

P J Gilmour - Director