Bunk (Leicester) Limited Filleted accounts for Companies House (small and micro)

Bunk (Leicester) Limited Filleted accounts for Companies House (small and micro)

BUNK (LEICESTER) LIMITED - Company Information

Print Friendly Version

0 false false false false false false false false false true false false false false false false No description of principal activity 2019-11-25 Sage Accounts Production Advanced 2020 - FRS102_2019 103,353 103,353 20,671 20,671 82,682 xbrli:pure xbrli:shares iso4217:GBP 12330407 2019-11-25 2020-10-31 12330407 2020-10-31 12330407 core:FurnitureFittings 2019-11-25 2020-10-31 12330407 bus:RegisteredOffice 2019-11-25 2020-10-31 12330407 bus:OrdinaryShareClass1 2019-11-25 2020-10-31 12330407 bus:OrdinaryShareClass2 2019-11-25 2020-10-31 12330407 bus:OrdinaryShareClass3 2019-11-25 2020-10-31 12330407 bus:LeadAgentIfApplicable 2019-11-25 2020-10-31 12330407 bus:Director1 2019-11-25 2020-10-31 12330407 bus:Director2 2019-11-25 2020-10-31 12330407 core:FurnitureFittings 2020-10-31 12330407 core:WithinOneYear 2020-10-31 12330407 core:ShareCapital 2020-10-31 12330407 core:RetainedEarningsAccumulatedLosses 2020-10-31 12330407 bus:OrdinaryShareClass1 2020-10-31 12330407 bus:OrdinaryShareClass2 2020-10-31 12330407 bus:OrdinaryShareClass3 2020-10-31 12330407 bus:SmallEntities 2019-11-25 2020-10-31 12330407 bus:AuditExemptWithAccountantsReport 2019-11-25 2020-10-31 12330407 bus:FullAccounts 2019-11-25 2020-10-31 12330407 bus:SmallCompaniesRegimeForAccounts 2019-11-25 2020-10-31 12330407 bus:PrivateLimitedCompanyLtd 2019-11-25 2020-10-31 12330407 bus:AllOrdinaryShares 2020-10-31
COMPANY REGISTRATION NUMBER: 12330407
Bunk (Leicester) Limited
Filleted Unaudited Financial Statements
For the period ended
31 October 2020
Bunk (Leicester) Limited
Financial Statements
Period from 25 November 2019 to 31 October 2020
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3
Bunk (Leicester) Limited
Officers and Professional Advisers
The board of directors
Mr L Alonso
Mr S Leong
Registered office
19 Granby Street
Leicester
England
LE1 6EJ
Accountants
Swandec
Chartered Accountants
550 Valley Road
Basford
Nottingham
NG5 1JJ
Bankers
Santander
84 Front Street
Arnold
Nottingham
NG5 7EJ
Bunk (Leicester) Limited
Statement of Financial Position
31 October 2020
31 Oct 20
Note
£
£
Fixed assets
Tangible assets
3
82,682
Current assets
Debtors
4
9,051
Cash at bank and in hand
9,100
--------
18,151
Creditors: amounts falling due within one year
5
134,388
---------
Net current liabilities
116,237
---------
Total assets less current liabilities
( 33,555)
--------
Net liabilities
( 33,555)
--------
Capital and reserves
Called up share capital
6
120
Profit and loss account
( 33,675)
--------
Shareholders deficit
( 33,555)
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the period ending 31 October 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 6 April 2021 , and are signed on behalf of the board by:
Mr L Alonso
Director
Company registration number: 12330407
Bunk (Leicester) Limited
Notes to the Financial Statements
Period from 25 November 2019 to 31 October 2020
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 19 Granby Street, Leicester, LE1 6EJ, England.
2. Accounting policies
Basis of preparation
At 31st October 2020, the company had net liabilities of £33,555. The company is reliant on the continued support of the directors. The directors have confirmed their intention to support the company for at least twelve months from the date of signing the accounts. On the above basis, the directors consider that the accounts should be prepared on a going concern basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.
3. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 25 November 2019
–
–
Additions
103,353
103,353
---------
---------
At 31 October 2020
103,353
103,353
---------
---------
Depreciation
At 25 November 2019
–
–
Charge for the period
20,671
20,671
---------
---------
At 31 October 2020
20,671
20,671
---------
---------
Carrying amount
At 31 October 2020
82,682
82,682
---------
---------
4. Debtors
31 Oct 20
£
Other debtors
9,051
-------
5. Creditors: amounts falling due within one year
31 Oct 20
£
Trade creditors
20,678
Amounts owed to group undertakings and undertakings in which the company has a participating interest
81,000
Other creditors
32,710
---------
134,388
---------
6. Called up share capital
Issued, called up and fully paid
31 Oct 20
No.
£
Ordinary A shares of £ 1 each
50
50
Ordinary B shares of £ 1 each
50
50
Ordinary C shares of £ 1 each
20
20
----
----
120
120
----
----
Share movements
No.
£
Ordinary A
At 25 November 2019
–
–
Issue of shares
50
50
----
----
At 31 October 2020
50
50
----
----
No.
£
Ordinary B
At 25 November 2019
–
–
Issue of shares
50
50
----
----
At 31 October 2020
50
50
----
----
No.
£
Ordinary C
At 25 November 2019
–
–
Issue of shares
20
20
----
----
At 31 October 2020
20
20
----
----
7. Directors' advances, credits and guarantees
At the statement of financial position date, the amount owed by the directors through the directors loan account was £9,810. The directors loan account is unsecured, interest free and repayable on demand.