James Allen Classic & Vintage Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04535823 (England and Wales)

JAMES ALLEN CLASSIC & VINTAGE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2020

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

4

to

5

DIRECTOR:

J E Allen

SECRETARY:

E M Allen

REGISTERED OFFICE:

77 Louth Road

Holton le Clay

N E Lincolnshire

DN33 2HU

REGISTERED NUMBER:

04535823 (England and Wales)

ACCOUNTANTS:

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of James Allen Classic & Vintage Limited for the year ended 30th September 2018 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of James Allen Classic & Vintage Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of James Allen Classic & Vintage Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than James Allen Classic & Vintage Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that James Allen Classic & Vintage Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of James Allen Classic & Vintage Limited. You consider that James Allen Classic & Vintage Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of James Allen Classic & Vintage Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

11th March 2021

FIXED ASSETS

Tangible assets

4

2,316

3,243

CURRENT ASSETS

Stocks

5

5,100

4,600

Debtors

6

53,447

44,031

Cash at bank

26,276

22,723

84,823

71,354

CREDITORS

Amounts falling due within one year

7

5,711

6,284

NET CURRENT ASSETS

79,112

65,070

TOTAL ASSETS LESS CURRENT LIABILITIES

81,428

68,313

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

81,426

68,311

SHAREHOLDERS' FUNDS

81,428

68,313

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 11th March 2021 and were signed by:

J E Allen - Director

1.	STATUTORY INFORMATION

James Allen Classic & Vintage 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.

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st October 2019

and 30th September 2020

4,583

599

5,182

DEPRECIATION

At 1st October 2019

1,540

399

1,939

Charge for year

777

150

927

At 30th September 2020

2,317

549

2,866

NET BOOK VALUE

At 30th September 2020

2,266

50

2,316

At 30th September 2019

3,043

200

3,243

5.

STOCKS

30.9.20

30.9.19

£

£

Finished goods

5,100

4,600

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Other debtors

53,274

44,031

Prepayments

173

-

53,447

44,031

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Corporation tax

4,467

4,054

Directors' current accounts

525

790

Accrued expenses

719

1,440

5,711

6,284