the fresh accountancy company limited

the fresh accountancy company limited

THE FRESH ACCOUNTANCY COMPANY LIMITED - Company Information

Print Friendly Version

1 September 2019 false No description of principal activity Taxfiler 2021.6 07700198business:PrivateLimitedCompanyLtd2019-09-012020-08-31 077001982019-08-31 077001982019-09-012020-08-31 07700198business:AuditExemptWithAccountantsReport2019-09-012020-08-31 07700198business:FullAccounts2019-09-012020-08-31 077001982020-08-31 07700198business:Director12019-09-012020-08-31 07700198business:CompanySecretary12019-09-012020-08-31 07700198business:RegisteredOffice2019-09-012020-08-31 077001982019-08-31 07700198core:WithinOneYear2020-08-31 07700198core:WithinOneYear2019-08-31 07700198core:AfterOneYear2020-08-31 07700198core:AfterOneYear2019-08-31 07700198core:ShareCapital2020-08-31 07700198core:ShareCapital2019-08-31 07700198core:RetainedEarningsAccumulatedLosses2020-08-31 07700198core:RetainedEarningsAccumulatedLosses2019-08-31 07700198business:SmallEntities2019-09-012020-08-31 07700198countries:EnglandWales2019-09-012020-08-31 07700198core:LandBuildings2019-09-012020-08-31 07700198core:PlantMachinery2019-09-012020-08-31 07700198core:LandBuildings2019-08-31 07700198core:PlantMachinery2019-08-31 07700198core:LandBuildings2020-08-31 07700198core:PlantMachinery2020-08-31 07700198core:PlantMachinerycore:LeasedAssetsHeldAsLessee2020-08-31 07700198core:PlantMachinerycore:LeasedAssetsHeldAsLessee2019-08-31 077001982018-05-012019-08-31 iso4217:GBP xbrli:pure
Company Registration No. 07700198 (England and Wales)
the fresh accountancy company limited Unaudited accounts for the year ended 31 August 2020
the fresh accountancy company limited Unaudited accounts Contents
Page
- 2 -
the fresh accountancy company limited Company Information for the year ended 31 August 2020
Director
Mr T Baker
Secretary
Mrs R J Baker
Company Number
07700198 (England and Wales)
Registered Office
Orchard House Clyst St Mary Exeter Devon EX5 1BR United Kingdom
Accountants
The Fresh Accountancy Company Limited Orchard House Clyst St Mary Exeter Devon EX5 1BR
- 3 -
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of the fresh accountancy company limited for the year ended 31 August 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the fresh accountancy company limited for the year ended 31 August 2020 as set out on pages 5 - 7 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 at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
The Fresh Accountancy Company Limited Chartered Accountants Orchard House Clyst St Mary Exeter Devon EX5 1BR 21 June 2021
- 4 -
the fresh accountancy company limited Statement of financial position as at 31 August 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
367,385 
295,990 
Investments
5
75 
75 
367,460 
296,065 
Current assets
Inventories
1,000 
1,000 
Debtors
6
312,263 
243,085 
Cash at bank and in hand
104,258 
11 
417,521 
244,096 
Creditors: amounts falling due within one year
7
(148,476)
(173,211)
Net current assets
269,045 
70,885 
Total assets less current liabilities
636,505 
366,950 
Creditors: amounts falling due after more than one year
8
(652,093)
(358,970)
Net (liabilities)/assets
(15,588)
7,980 
Capital and reserves
Called up share capital
101 
101 
Profit and loss account
(15,689)
7,879 
Shareholders' funds
(15,588)
7,980 
For the year ending 31 August 2020 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 June 2021 and were signed on its behalf by
Mr T Baker Director Company Registration No. 07700198
- 5 -
the fresh accountancy company limited Notes to the Accounts for the year ended 31 August 2020
1
Statutory information
the fresh accountancy company limited is a private company, limited by shares, registered in England and Wales, registration number 07700198. The registered office is Orchard House, Clyst St Mary, Exeter, Devon, EX5 1BR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Are not depreciated but are held at fair value
Plant & machinery
25% reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2019
295,990 
10,862 
306,852 
Additions
2,585 
68,810 
71,395 
At 31 August 2020
298,575 
79,672 
378,247 
Depreciation
At 1 September 2019
- 
10,862 
10,862 
At 31 August 2020
- 
10,862 
10,862 
Net book value
At 31 August 2020
298,575 
68,810 
367,385 
At 31 August 2019
295,990 
- 
295,990 
2020 
2019 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
68,810 
- 
- 6 -
the fresh accountancy company limited Notes to the Accounts for the year ended 31 August 2020
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 September 2019
75 
Valuation at 31 August 2020
75 
6
Debtors: amounts falling due within one year
2020 
2019 
£ 
£ 
Trade debtors
8,929 
22,201 
Amounts due from group undertakings etc.
23,154 
- 
Accrued income and prepayments
7,180 
- 
Other debtors
273,000 
220,884 
312,263 
243,085 
7
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Bank loans and overdrafts
31,824 
129,206 
VAT
24,860 
- 
Obligations under finance leases and hire purchase contracts
10,800 
- 
Trade creditors
16,983 
2,138 
Taxes and social security
20,586 
805 
Loans from directors
43,423 
41,062 
148,476 
173,211 
8
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Bank loans
599,986 
358,970 
Obligations under finance leases and hire purchase contracts
52,107 
- 
652,093 
358,970 
9
Average number of employees
During the year the average number of employees was 8 (2019: 8).
- 7 -