Anota Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07861268 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2020

for

Anota Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A P Dickson

REGISTERED OFFICE:

4-6 Swaby's Yard

Walkergate

Beverley

East Yorkshire

HU17 9BZ

REGISTERED NUMBER:

07861268 (England and Wales)

ACCOUNTANTS:

Finnies Accountants Limited

Chartered Certified Accountants

4-6 Swaby's Yard

Walkergate

Beverley

East Yorkshire

HU17 9BZ

FIXED ASSETS

Tangible assets

4

11,097

11,429

CURRENT ASSETS

Stocks

49,769

30,262

Debtors

5

140,401

130,838

Cash at bank

32,779

17,757

222,949

178,857

CREDITORS

Amounts falling due within one year

6

(147,475

)

(128,915

)

NET CURRENT ASSETS

75,474

49,942

TOTAL ASSETS LESS CURRENT LIABILITIES

86,571

61,371

CREDITORS

Amounts falling due after more than one year

7

(19,892

)

(38,310

)

PROVISIONS FOR LIABILITIES

(2,108

)

(2,172

)

NET ASSETS

64,571

20,889

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

62,571

18,889

SHAREHOLDERS' FUNDS

64,571

20,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 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 16 March 2021 and were signed by:

A P Dickson - Director

1.	STATUTORY INFORMATION

Anota 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.

With the advent of the COVID-19 pandemic we are in uncertain times and the directors are mindful of the impact on the future trading prospects for the company as it complies with the safety measures and emergency legislation recently announced by the United Kingdom Government.

Clearly this will have an impact on the future viability of the company. We have therefore updated our trading predictions based on the anticipated impact of a reduction in trade, whilst also having access to support currently being offered by the United Kingdom Government. We believe that our assumptions are realistic based on evidence currently available, and that the company will consequently have enough headroom within its liquid capital to continue for the foreseeable future.

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.

Plant and machinery etc

-

25% pa on written down value and 20% pa on written down value

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2019 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2019

28,604

Additions

2,757

At 30 November 2020

31,361

DEPRECIATION

At 1 December 2019

17,175

Charge for year

3,089

At 30 November 2020

20,264

NET BOOK VALUE

At 30 November 2020

11,097

At 30 November 2019

11,429

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

72,246

32,748

Amounts owed by group undertakings

67,340

98,090

Other debtors

815

-

140,401

130,838

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

52,950

6,095

Trade creditors

26,989

71,606

Taxation and social security

26,923

22,770

Other creditors

40,613

28,444

147,475

128,915

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Other creditors

19,892

38,310

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director has provided the company with a loan, which is unsecured, interest free and repayable upon demand.

9.	RELATED PARTY DISCLOSURES

During the previous year, the company made loans to it's parent company, APDMD Limited. This loan is unsecured, interest free and repayable upon demand. As at the balance sheet date, the outstanding balance of the loan was £67,340 (2019: £98,090)

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A P Dickson.