Shire Textiles Limited - Accounts to registrar (filleted) - small 18.2
Shire Textiles Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
SHIRE TEXTILES LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2020 |
SHIRE TEXTILES LIMITED (REGISTERED NUMBER: 03972628) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
SHIRE TEXTILES LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MAY 2020 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Cash's Business Centre |
1st Floor |
228 Widdrington Road |
Coventry |
West Midlands |
CV1 4PB |
SHIRE TEXTILES LIMITED (REGISTERED NUMBER: 03972628) |
BALANCE SHEET |
31 MAY 2020 |
31.5.20 | 31.5.19 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
SHIRE TEXTILES LIMITED (REGISTERED NUMBER: 03972628) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2020 |
1. | STATUTORY INFORMATION |
Shire Textiles Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.20 | 31.5.19 |
£ | £ |
Trade debtors |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.20 | 31.5.19 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
At the balance sheet date £48,668 (2019: £48,668) was owed to Mr S S Jandu and £1,115 (2019: £1,115) owed to Mr J S Jandu, the directors. The amounts are unsecured and interest free with no set terms for repayment. |
SHIRE TEXTILES LIMITED (REGISTERED NUMBER: 03972628) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2020 |
7. | RELATED PARTY DISCLOSURES |
During the year the company entered into various transactions in the ordinary course of business with Jandu Developments Limited T/A J S Marketing, a company in which there are common directors who also have an interest: |
i. The company purchased goods amounting to £3,677,518 (2018: £2,948,420) from from Jandu Developments Limited; |
ii. The company was charged £65,000 (2019: £50,000) in respect of management and administrative services; and |
iii. The company was charged £15,000 (2019: £100,000) in respect of storage charges; |
At the balance sheet date the company owed £127,282 (2019: £929,696) to Jandu Developments Ltd. |
8. | ULTIMATE CONTROLLING PARTY |
The controlling party is S S Jandu. |