Negotiation Workshop Limited - Accounts to registrar (filleted) - small 18.2

Negotiation Workshop Limited - Accounts to registrar (filleted) - small 18.2

NEGOTIATION WORKSHOP LIMITED - Company Information

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REGISTERED NUMBER: 04221575 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2020

for

Negotiation Workshop Limited
Negotiation Workshop Limited (Registered number: 04221575)

Contents of the Financial Statements
for the year ended 31 May 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Negotiation Workshop Limited

Company Information
for the year ended 31 May 2020







DIRECTOR: DAS Bryson





REGISTERED OFFICE: Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA





REGISTERED NUMBER: 04221575 (England and Wales)





ACCOUNTANTS: Tayabali Tomlin
Chartered Accountants
Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA
Page 1
Negotiation Workshop Limited (Registered number: 04221575)

Balance Sheet
31 May 2020

2020 2019
Notes £    £   
CURRENT ASSETS
Debtors 5 3,844 3,781
Cash at bank 6,034 320
9,878 4,101
CREDITORS
Amounts falling due within one year 6 3,729 2,248
NET CURRENT ASSETS 6,149 1,853
TOTAL ASSETS LESS CURRENT
LIABILITIES
6,149
1,853

CREDITORS
Amounts falling due after more than one
year
7
6,000
-
NET ASSETS 149 1,853

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 147 1,851
SHAREHOLDERS' FUNDS 149 1,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

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Negotiation Workshop Limited (Registered number: 04221575)

Balance Sheet - continued
31 May 2020


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 February 2021 and were signed by:





DAS Bryson - Director


The notes form part of these financial statements

Page 3
Negotiation Workshop Limited (Registered number: 04221575)

Notes to the Financial Statements
for the year ended 31 May 2020


1. STATUTORY INFORMATION

Negotiation Workshop 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.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

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Negotiation Workshop Limited (Registered number: 04221575)

Notes to the Financial Statements - continued
for the year ended 31 May 2020


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2019
and 31 May 2020 5,192 4,790 9,982
DEPRECIATION
At 1 June 2019
and 31 May 2020 5,192 4,790 9,982
NET BOOK VALUE
At 31 May 2020 - - -
At 31 May 2019 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 3,844 3,781

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Taxation and social security 2,934 758
Other creditors 795 1,490
3,729 2,248

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2020 2019
£    £   
Bank loans 6,000 -

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £14,000 (2019 - £18,000) were paid to the director .

Included within debtors is a director's current account in the sum of £147 (2019 creditor: £492). The account is unsecured, accrues interest at HM Revenue & Customs official rate and was repaid within nine months of the year end.

Page 5