Countryside Marquee Hire Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08785218 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

FOR

COUNTRYSIDE MARQUEE HIRE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R L Chignell

Mrs C J Chignell

Mr J A Chignell

REGISTERED OFFICE:

4 Fenice Court

Phoenix Business Park

Eaton Socon

St. Neots

Cambridgeshire

PE19 8EP

REGISTERED NUMBER:

08785218 (England and Wales)

ACCOUNTANTS:

Davey Grover Limited

Chartered Accountants

4 Fenice Court

Phoenix Business Park

Eaton Socon

St. Neots

Cambridgeshire

PE19 8EP

FIXED ASSETS

Intangible assets

4

9,000

12,000

Tangible assets

5

201,173

173,804

210,173

185,804

CURRENT ASSETS

Stocks

2,495

2,570

Debtors

6

35,165

2,912

Cash at bank

32,132

85,838

69,792

91,320

CREDITORS

Amounts falling due within one year

7

167,883

212,477

NET CURRENT LIABILITIES

(98,091

)

(121,157

)

TOTAL ASSETS LESS CURRENT LIABILITIES

112,082

64,647

CREDITORS

Amounts falling due after more than one year

8

(38,747

)

-

PROVISIONS FOR LIABILITIES

(38,223

)

(37,073

)

NET ASSETS

35,112

27,574

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

35,109

27,571

SHAREHOLDERS' FUNDS

35,112

27,574

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 3 June 2021 and were signed on its behalf by:

Mr R L Chignell - Director

Mrs C J Chignell - Director

1.	STATUTORY INFORMATION

Countryside Marquee Hire 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.3% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2019

and 30 November 2020

30,000

AMORTISATION

At 1 December 2019

18,000

Amortisation for year

3,000

At 30 November 2020

21,000

NET BOOK VALUE

At 30 November 2020

9,000

At 30 November 2019

12,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2019

307,523

1,545

57,205

1,698

367,971

Additions

67,045

-

-

510

67,555

Disposals

(4,021

)

-

-

-

(4,021

)

At 30 November 2020

370,547

1,545

57,205

2,208

431,505

DEPRECIATION

At 1 December 2019

154,457

724

37,416

1,570

194,167

Charge for year

33,304

123

4,950

294

38,671

Eliminated on disposal

(2,506

)

-

-

-

(2,506

)

At 30 November 2020

185,255

847

42,366

1,864

230,332

NET BOOK VALUE

At 30 November 2020

185,292

698

14,839

344

201,173

At 30 November 2019

153,066

821

19,789

128

173,804

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

29,843

1,935

Other debtors

5,322

977

35,165

2,912

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

3,827

-

Trade creditors

6,627

7,390

Taxation and social security

8,189

32,745

Other creditors

149,240

172,342

167,883

212,477

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

38,747

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due in more than 5 years

7,014

-