Accounts filed on 31-07-2020


ACCOUNTS
FOR THE YEAR ENDED 31/07/2020





DIRECTORS
Paul Verinder
Susan Verinder


REGISTERED OFFICE
52 Bury Old Road
Whitefield
Manchester
Cheshire
M45 6TL


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 8601820



BANKERS
Santander Bank plc



ACCOUNTANTS
Malcolm Roussak & Co
Chartered Accountants
52 Bury Old Road
Whitefield
Manchester
M45 6TL


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		£		£

FIXED ASSETS
Tangible assets	3		722		963

CURRENT ASSETS
Stock		1,850		4,190
Debtors	5	17,749		3,065
Cash at bank and in hand		26,750		4,010
		46,349		11,265
CREDITORS: Amounts falling due within one year	6	18,815		7,993
NET CURRENT ASSETS			27,534		3,272
TOTAL ASSETS LESS CURRENT LIABILITIES			28,256		4,235


CREDITORS: Amounts falling due after more than one year	7		23,200		-


PROVISIONS FOR LIABILITIES AND CHARGES	8		137		164

NET ASSETS			4,919		4,071

CAPITAL AND RESERVES

Called up share capital	9		100		100
Profit and loss account			4,819		3,971
SHAREHOLDERS' FUNDS			4,919		4,071

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 28/04/2021 and signed on their behalf by



.............................
Paul Verinder
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. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and Fittings		reducing balance 25%
Equipment		reducing balance 25%




1c. 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.




5. DEBTORS	2020	2019
	£	£

Amounts falling due within one year:
Trade debtors	12,295	3,065
Other debtors	5,454	-
	17,749	3,065




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2020	2019
	£	£
Bank loans and overdrafts	800	-
Taxation and social security	17,007	6,304
Other creditors	1,008	1,689
	18,815	7,993


Bank loan - A bounce back loan for £24,000 was taken out on 4 May 2020. Repayments commence 13 months from the date of release of funds, and are then repaid by 60 consecutive monthly payments of capital and interest. The capital element of the repayment is £400 per month and interest is charged at a fixed rate of 2.5% p.a. Two capital repayments will fall due in this period. Under the terms of the BBL scheme, interest payable for the first 12 months of the loan will be covered by a Business Interruption payment.




7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2020	2019
	£	£
Bank loans and overdrafts	23,200	-
	23,200	-

Bank loans due after one year relate to the Bounce Back Loan taken out on 4 May 2020. Under the terms of this loan the following amounts of capital are due as follows:- 1 to 2 years £4,800 2 to 5 years £14,400 over 5 years £4,000




9. SHARE CAPITAL	2020	2019
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100