Kutz (Barrow) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04457044 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2020

FOR

KUTZ (BARROW) LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs K A Yung

SECRETARY:

Mr Y L Yung

REGISTERED OFFICE:

41 Crellin Street

Barrow-in-Furness

Cumbria

LA14 1DS

REGISTERED NUMBER:

04457044 (England and Wales)

BANKERS:

Lloyds Bank plc

121-135 Dalton Road

Barrow-in-Furness

Cumbria

LA14 1HZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

9,925

10,839

9,925

10,839

CURRENT ASSETS

Stocks

150

150

Debtors

17,127

159

Cash at bank and in hand

3,383

2,923

20,660

3,232

CREDITORS

Amounts falling due within one year

25,700

9,234

NET CURRENT LIABILITIES

(5,040

)

(6,002

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,885

4,837

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

4,785

4,737

SHAREHOLDERS' FUNDS

4,885

4,837

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2021 and were signed by:

Mrs K A Yung - Director

1.	STATUTORY INFORMATION

Kutz (Barrow) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared on the going concern basis the director having agreed to continue to support the company.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold property

-

10% on cost

Improvements to property

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

33% on cost

Stocks

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

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2019

and 31 July 2020

7,500

AMORTISATION

At 1 August 2019

and 31 July 2020

7,500

NET BOOK VALUE

At 31 July 2020

-

At 31 July 2019

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2019

39,216

Additions

980

At 31 July 2020

40,196

DEPRECIATION

At 1 August 2019

28,377

Charge for year

1,894

At 31 July 2020

30,271

NET BOOK VALUE

At 31 July 2020

9,925

At 31 July 2019

10,839

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.20

31.7.19

value:

£

£

100

Ordinary

£1

100

100

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2020 and 31 July 2019:

31.7.20

31.7.19

£

£

Mrs C L Walker Woodburn

Balance outstanding at start of year

-

3,711

Amounts advanced

17,127

-

Amounts repaid

-

(3,711

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17,127

-

The loan is interest free, unsecured and repayable on demand.

8.	POST BALANCE SHEET EVENTS

Turnover and net profit during the financial year to 31st July 2020 will be effected as a result of the coronavirus pandemic.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs K A Yung.