Photinia Security Ltd - Accounts to registrar (filleted) - small 18.2
Photinia Security Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2020 |
FOR |
PHOTINIA SECURITY LTD |
PHOTINIA SECURITY LTD (REGISTERED NUMBER: 07644581) |
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 |
Chartered Accountants' Report | 5 |
PHOTINIA SECURITY LTD |
COMPANY INFORMATION |
for the year ended 31 May 2020 |
DIRECTOR: |
REGISTERED OFFICE: |
BUSINESS ADDRESS: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
10 St Ann Street |
Salisbury |
Wiltshire |
SP1 2DN |
BANKERS: |
48-49 Blue Boar Row |
Salisbury |
Wiltshire |
SP1 1DF |
PHOTINIA SECURITY LTD (REGISTERED NUMBER: 07644581) |
BALANCE SHEET |
31 May 2020 |
31.5.20 | 31.5.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
PHOTINIA SECURITY LTD (REGISTERED NUMBER: 07644581) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 May 2020 |
1. | STATUTORY INFORMATION |
Photinia Security Ltd 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 the amount receivable for landscaping works and is measured at the fair value of the consideration received or receivable for the provision of the services provided. |
Turnover is recognised on the provision of services once the services that have been provided have been approved or agreed by the client at which time the significant risks and rewards associated with the work have been transferred to the customer. |
Profit is recognised on long term contracts when the final outcome can be assessed with reasonable certainty by including turnover and related costs within the profit and loss account dependant upon the stage of completion of the contract at the balance sheet date. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
The company orders materials on a job by job basis as required and as such does not hold large amounts of stock. It does hold a range of consumables associated with landscaping and these are valued at cost as they are not subject to either physical or technological obsolescence. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Debtors |
Short term debtors are measured at transaction price, which is usually invoice price, less any impairment losses for bad or doubtful debts. |
PHOTINIA SECURITY LTD (REGISTERED NUMBER: 07644581) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 May 2020 |
2. | ACCOUNTING POLICIES - continued |
Cash |
Cash is represented by cash in hand with financial institutions repayable without penalty on notice of not more than 24 hours. |
Creditors |
Short term creditors are measured at transaction price, which is usually invoice price. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 June 2019 |
Additions |
At 31 May 2020 |
DEPRECIATION |
At 1 June 2019 |
Charge for year |
At 31 May 2020 |
NET BOOK VALUE |
At 31 May 2020 |
At 31 May 2019 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.20 | 31.5.19 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.20 | 31.5.19 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
PHOTINIA SECURITY LTD |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Photinia Security Ltd for the year ended 31 May 2020 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the director of Photinia Security Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Photinia Security Ltd and state those matters that we have agreed to state to the director of Photinia Security Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Photinia Security Ltd and its director for our work or for this report. |
It is your duty to ensure that Photinia Security Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Photinia Security Ltd. You consider that Photinia Security Ltd is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Photinia Security Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
10 St Ann Street |
Salisbury |
Wiltshire |
SP1 2DN |