Accounts filed on 31-05-2020


ACCOUNTS
FOR THE YEAR ENDED 31/05/2020





DIRECTORS
David Martin Rees



SECRETARY
James Rees


REGISTERED OFFICE
46-48 Station Road
Llanishen
Cardiff
South Glamorgan
CF14 5LU


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05761176



ACCOUNTANTS
Staffer Mayled & Co Limited
46-48
Station Road
Llanishen
Cardiff
CF14 5LU


ACCOUNTS
FOR THEYEARENDED31/05/2020



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 31/05/2020

			2020		2019
	Notes		£		£

FIXED ASSETS
Intangible assets	2		101,141		117,543
Tangible assets	3		1,437,124		1,475,903
Investment Assets	4		479,391		630,350

			2,017,656		2,223,796

CURRENT ASSETS
Stock		-		15,930
Debtors	6	40,178		87,958
Cash at bank and in hand		2,743		19,629
		42,921		123,517
CREDITORS: Amounts falling due within one year	7	116,847		143,246
NET CURRENT LIABILITIES			(73,926)		(19,729)
TOTAL ASSETS LESS CURRENT LIABILITIES			1,943,730		2,204,067


CREDITORS: Amounts falling due after more than one year	8		476,701		565,851


PROVISIONS FOR LIABILITIES AND CHARGES	10		4,486		8,810

NET ASSETS			1,462,543		1,629,406

CAPITAL AND RESERVES

Called up share capital	11		100		100
Profit and loss account			1,462,443		1,629,306
SHAREHOLDERS' FUNDS			1,462,543		1,629,406

For the year ending 31/05/2020 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 05/03/2021 and signed on their behalf by



.............................
David Martin Rees
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.

Plant and Machinery		reducing balance 25%
Commercial Vehicles		reducing balance 25%
Fixtures and Fittings		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.




1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




1f. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.




4. FINANCIAL ASSETS

	Shares in group companies	Other
	and participating interests	Investments	Total
	£	£	£
Cost
At 01/06/2019	-	630,350	630,350
Additions	40	340,000	340,040
Disposals	-	(490,999)	(490,999)
At 31/05/2020	40	479,351	479,391
Amortisation
Net Book Amounts
At 31/05/2020	40	479,351	479,391
At 31/05/2019	-	630,350	630,350




6. DEBTORS	2020	2019
	£	£
Amounts falling due within one year
Trade debtors	40,178	49,476
	40,178	49,476

Amounts falling due over more than one year
Long term debtor	-	38,482
	-	38,482
	40,178	87,958
Other debtors - amounts due from other Group Companies




7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2020	2019
	£	£
UK corporation tax	86,529	89,349
PAYE control	-	94
Directors current account	1	36,798
Trade creditors	9,551	17,005
Amounts due to group companies	20,766	-
	116,847	143,246




8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2020	2019
	£	£
Loans >1yr	476,701	495,910
Due to group companies >1yr	-	69,941
	476,701	565,851




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




12. CONTROLLING PARTY
Are the directors and Sandusky Remills Holdings Limited.