LITTLE ISLANDS LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12028175 (England and Wales)

Unaudited Financial Statements

for the Period 3 June 2019 to 30 June 2020

for

LITTLE ISLANDS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Richard McGregor Benson

Valerie Benson

REGISTERED OFFICE:

Vivary Buildings

11 Spring Lane

COLNE

Lancashire

BB8 9BD

REGISTERED NUMBER:

12028175 (England and Wales)

ACCOUNTANTS:

G & C Professionals Limited

trading as Graham & Company

Chartered Certified Accountants

& Business Advisers

Cleveland House

1-10 Sitwell Street

KINGSTON UPON HULL

East Yorkshire

HU8 7BE

FIXED ASSETS

Tangible assets

4

11,475

CURRENT ASSETS

Debtors

5

62,899

Cash at bank and in hand

4,700

67,599

CREDITORS

Amounts falling due within one year

6

29,034

NET CURRENT ASSETS

38,565

TOTAL ASSETS LESS CURRENT LIABILITIES

50,040

CREDITORS

Amounts falling due after more than one year

7

49,167

NET ASSETS

873

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

10

773

SHAREHOLDERS' FUNDS

873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 17 May 2021 and were signed on its behalf by:

Richard McGregor Benson - Director

Valerie Benson - Director

1.	STATUTORY INFORMATION

LITTLE ISLANDS 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.

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.

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.

Plant and machinery

-

15% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

Additions

13,500

At 30 June 2020

13,500

DEPRECIATION

Charge for period

2,025

At 30 June 2020

2,025

NET BOOK VALUE

At 30 June 2020

11,475

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

17,642

Amounts owed by group undertakings

43,804

Other debtors

500

VAT

953

62,899

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts (see note 8)

833

Trade creditors

27,001

Accrued expenses

1,200

29,034

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans (see note 8)

49,167

Amounts falling due in more than five years:

Repayable by instalments

Bank loans payable in more than five years

9,167

8.

LOANS

An analysis of the maturity of loans is given below:

£

Amounts falling due within one year or on demand:

Bank loans payable in less

than one year

833

833

Amounts falling due between one and two years:

Bank loans payable in one to two years

10,000

Amounts falling due between two and five years:

Bank loans payable in two to five years

30,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans payable in more than five years

9,167

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

10.

RESERVES

Retained

earnings

£

Profit for the period

773

At 30 June 2020

773