Accounts filed on 31-07-2020


ACCOUNTS
FOR THE YEAR ENDED 31/07/2020





DIRECTORS
Stephen Chapman
Gary Chapman
Timothy Gillard


REGISTERED OFFICE
23 Foxglove Close
Buckingham
Buckinghamshire
MK18 1FU


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08129071



ACCOUNTANTS
Balmer Limited
Whiteleaf Business Centre
11 Little Balmer
Buckingham
MK18 1TF


ACCOUNTS
FOR THEYEARENDED31/07/2020



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/07/2020

			2020		2019
	Notes		£		£


CURRENT ASSETS
Stock		4,713		7,809
Debtors	4	1,373		3,340
Cash at bank and in hand		1,621		1,504
		7,707		12,653
CREDITORS: Amounts falling due within one year	5	58,311		54,282
NET CURRENT LIABILITIES			(50,604)		(41,629)
TOTAL ASSETS LESS CURRENT LIABILITIES			(50,604)		(41,629)

CAPITAL AND RESERVES

Called up share capital	6		3		3
Profit and loss account			(50,607)		(41,632)
SHAREHOLDERS' FUNDS			(50,604)		(41,629)

For the year ending 31/07/2020 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 26/03/2021 and signed on their behalf by



.............................
Stephen Chapman
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1c. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.




4. DEBTORS	2020	2019
	£	£
Amounts falling due within one year
Trade debtors	1,001	2,916
Other debtors	372	424
	1,373	3,340




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2020	2019
	£	£
VAT	487	1,016
Directors current account - SKC	43,918	40,350
Directors current account - GC	3,542	3,022
Directors current account - TG	9,639	9,119
Accruals	725	775
	58,311	54,282




6. SHARE CAPITAL	2020	2019
	£	£
Allotted, issued and fully paid:
3 Ordinary shares of £1 each	3	3
	3	3