K. PACEY BRICKWORK LIMITED

K. PACEY BRICKWORK LIMITED

K. PACEY BRICKWORK LIMITED - Company Information

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K. PACEY BRICKWORK LIMITED

Company Registration Number:
03422317 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2020

Period of accounts

Start date: 01 September 2019

End date: 31 August 2020

K. PACEY BRICKWORK LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2020

Balance sheet
Notes

K. PACEY BRICKWORK LIMITED

Balance sheet

As at 31 August 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 4,053 4,321
Total fixed assets: 4,053 4,321
Current assets
Debtors:   1,325 1,995
Cash at bank and in hand: 326,668 272,133
Total current assets: 327,993 274,128
Creditors: amounts falling due within one year:   (86,570) (115,592)
Net current assets (liabilities): 241,423 158,536
Total assets less current liabilities: 245,476 162,857
Provision for liabilities: (803) (803)
Total net assets (liabilities): 244,673 162,054
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 244,573 161,954
Shareholders funds: 244,673 162,054

The notes form part of these financial statements

K. PACEY BRICKWORK LIMITED

Balance sheet statements

For the year ending 31 August 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 October 2020
and signed on behalf of the board by:

Name: K Pacey
Status: Director

The notes form part of these financial statements

K. PACEY BRICKWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

1. Accounting policies

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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognized when the significant risks and rewards of ownership have transferred to the buyer (usually on dispatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

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 Motor Vehicles 25 reducing balance Equipment 25 reducing balance

K. PACEY BRICKWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

2. Employees

2020 2019
Average number of employees during the period 2 2

K. PACEY BRICKWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

3. Tangible Assets

Total
Cost £
At 01 September 2019 11,917
Additions 657
At 31 August 2020 12,574
Depreciation
At 01 September 2019 7,596
Charge for year 925
At 31 August 2020 8,521
Net book value
At 31 August 2020 4,053
At 31 August 2019 4,321

K. PACEY BRICKWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

4. Loans to directors

Name of director receiving advance or credit: Director Loan Account
Description of the loan: Loan Account
£
Balance at 01 September 2019 27,894
Advances or credits repaid: 589
Balance at 31 August 2020 27,305