Miss Kay Seamstress Ltd,Ltd - AccountsLtd - Accounts

Miss Kay Seamstress Ltd,Ltd - AccountsLtd - Accounts

MISS KAY SEAMSTRESS LTD - Company Information

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2020-01-01 10124291 2020-12-31 10124291 2020-01-01 2020-12-31 10124291 2019-12-31 10124291 2019-01-01 2019-12-31 10124291 uk-core:WithinOneYear 2019-12-31 10124291 uk-core:WithinOneYear 2020-12-31 10124291 uk-core:ShareCapital 2020-12-31 10124291 uk-core:ShareCapital 2019-12-31 10124291 uk-core:RetainedEarningsAccumulatedLosses 2020-12-31 10124291 uk-core:RetainedEarningsAccumulatedLosses 2019-12-31 10124291 uk-bus:Director1 2020-01-01 2020-12-31 10124291 uk-core:ToolsEquipment 2020-01-01 2020-12-31 10124291 uk-core:ComputerEquipment 2020-01-01 2020-12-31 10124291 uk-core:FurnitureFittings 2020-01-01 2020-12-31 10124291 uk-core:ComputerEquipment 2019-12-31 10124291 uk-core:FurnitureFittings 2019-12-31 10124291 uk-core:ToolsEquipment 2019-12-31 10124291 uk-core:ToolsEquipment 2020-12-31 10124291 uk-core:FurnitureFittings 2020-12-31 10124291 uk-core:ComputerEquipment 2020-12-31 10124291 uk-core:WithinOneYear 2020-12-31 10124291 uk-core:WithinOneYear 2019-12-31 iso4217:GBP xbrli:pure 10124291 uk-bus:AuditExemptWithAccountantsReport 2020-01-01 2020-12-31 10124291 uk-bus:FRS102 2020-01-01 2020-12-31 10124291 uk-bus:FullAccounts 2020-01-01 2020-12-31 10124291 uk-bus:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31
Miss Kay Seamstress Ltd
Registered Number:10124291
For the year ended 31 December 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2020
Miss Kay Seamstress Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
10124291
As at 31 December 2020
Miss Kay Seamstress Ltd
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
6,563
8,754
2
6,563
8,754
Current assets
Inventories
3,000
3,000
3
Trade and other receivables
3,567
-
4
4
Cash and cash equivalents
4
3,004
6,571
Trade and other payables: amounts falling due within one year
(47,017)
(43,360)
5
(40,446)
(40,356)
Net current liabilities
Total assets less current liabilities
(33,793)
(31,692)
(33,793)
Net liabilities
(31,692)
Capital and reserves
Called up share capital
1
1
Retained earnings
(33,794)
(31,693)
(33,793)
(31,692)
Shareholders' funds
For the year ended 31 December 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs Martine Watson Director
These financial statements were approved and authorised for issue by the Board on 08 March 2021 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2020
Miss Kay Seamstress Ltd
Notes to the Financial Statements
Statutory Information
Miss Kay Seamstress Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 10124291.
Registered address:
9 Market Street
SANDWICH
Kent
CT13 3DA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 ''The
Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
25% Reducing balance
Computer Equipment
25% Reducing balance
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Going concern
The financial statements have been prepared on a going concern basis. This basis is considered appropriate as the company has the
ongoing support of its director.
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5
For the year ended 31 December 2020
Miss Kay Seamstress Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Plant and
Machinery
£
£
£
£
Cost or valuation
At 01 January 2020
18,255
4,573
7,150
6,532
At 31 December 2020
6,532
7,150
4,573
18,255
Provision for depreciation and impairment
At 01 January 2020
9,501
2,455
3,817
3,229
Charge for year
2,191
530
834
827
At 31 December 2020
11,692
2,985
4,651
4,056
At 31 December 2020
Net book value
2,476
2,499
1,588
6,563
At 31 December 2019
3,303
3,333
2,118
8,754
3. Inventories
2019
2020
£
£
Stocks
3,000
3,000
4. Trade and other receivables
2019
2020
£
£
Other debtors
-
3,567
5. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Bank loans and overdraft
6,086
18,540
Trade creditors
231
834
Taxation and social security
947
1,919
Other creditors
36,096
25,724
43,360
47,017
6. Average number of persons employed
During the year the average number of employees was 0 (2019 : 5)
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