Contents of the Financial Statements

for the Period Ended 30 November 2020

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 30 November 2020

The directors present their report with the financial statements of the company for the period ended 30 November 2020

Directors

The director shown below has held office during the whole of the period from
1 December 2019 to 30 November 2020

William Oliver

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
3 June 2021

And signed on behalf of the board by:
Name: William Oliver
Status: Director

Profit And Loss Account

for the Period Ended 30 November 2020

	2020	13 months to 30 November 2019
	£	£
Turnover:	1,372,821	1,087,447
Cost of sales:	( 748,273 )	( 618,440 )
Gross profit(or loss):	624,548	469,007
Distribution costs:	( 32,736 )	( 18,514 )
Administrative expenses:	( 182,349 )	( 187,408 )
Operating profit(or loss):	409,463	263,085
Profit(or loss) before tax:	409,463	263,085
Tax:	( 77,798 )	( 49,986 )
Profit(or loss) for the financial year:	331,665	213,099

Balance sheet

As at 30 November 2020

	Notes	2020	13 months to 30 November 2019
		£	£
Fixed assets
Tangible assets:	3	267,193	77,299
Total fixed assets:		267,193	77,299
Current assets
Stocks:	4	89,324	51,984
Debtors:	5	251,829	229,105
Cash at bank and in hand:		82,653	32,189
Total current assets:		423,806	313,278
Creditors: amounts falling due within one year:	6	( 146,234 )	( 177,477 )
Net current assets (liabilities):		277,572	135,801
Total assets less current liabilities:		544,765	213,100
Total net assets (liabilities):		544,765	213,100
Capital and reserves
Called up share capital:		1	1
Profit and loss account:		544,764	213,099
Total Shareholders' funds:		544,765	213,100

The notes form part of these financial statements

Balance sheet statements

For the year ending 30 November 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 30 November 2020

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of Vat and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis :Plant and Equipment 10%Furniture and Fittings 15%Motor Vehicles 20%Office Equipment 20%Land and Buildings 0%

Notes to the Financial Statements

for the Period Ended 30 November 2020

• 2. Employees

  	2020	13 months to 30 November 2019
  Average number of employees during the period	6	5