The White Hart Owston Ferry Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10657756 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

The White Hart Owston Ferry Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E M Smith

Mrs A L Woodcock

SECRETARY:

REGISTERED OFFICE:

The White Hart North Street

Owston Ferry

Doncaster

United Kingdom

DN9 1RT

REGISTERED NUMBER:

10657756 (England and Wales)

ACCOUNTANTS:

ASAP Accountants & Business Advisors Ltd

46/48 High Street

Epworth

Doncaster

DN9 1EP

FIXED ASSETS

Tangible assets

4

5,844

6,875

CURRENT ASSETS

Stocks

2,251

4,000

Debtors

5

4,202

4,796

Cash at bank and in hand

6,829

7,400

13,282

16,196

CREDITORS

Amounts falling due within one year

6

28,389

22,005

NET CURRENT LIABILITIES

(15,107

)

(5,809

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,263

)

1,066

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(9,265

)

1,064

(9,263

)

1,066

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 Board of Directors and authorised for issue on 24 March 2021 and were signed on its behalf by:

Mrs E M Smith - Director

1.	STATUTORY INFORMATION

The White Hart Owston Ferry 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

The financial statements have been prepared on a going concern basis despite the negative balance sheet situation.

The Directors expect the company to become profitable in the future following the passing of the COVID-19 crisis.

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

-

15% on reducing balance

Stocks

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

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2019

and 31 March 2020

9,285

DEPRECIATION

At 1 April 2019

2,410

Charge for year

1,031

At 31 March 2020

3,441

NET BOOK VALUE

At 31 March 2020

5,844

At 31 March 2019

6,875

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Other debtors

4,202

4,796

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

2,627

3,231

Tax

276

1,093

VAT

4,809

5,477

Other creditors

97

-

Directors' current accounts

19,556

11,741

Accruals and deferred income

1,024

463

28,389

22,005