Jon Gilbert Carpet & Flooring Ltd - Accounts to registrar (filleted) - small 18.2

JON GILBERT CARPET & FLOORING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

Page

Company Information

1

Balance Sheet

2

DIRECTOR:

J Gilbert

SECRETARY:

Mrs B Gilbert

REGISTERED OFFICE:

Revel Farm

Pengenffordd

Nr Talgarth

Powys

LD3 0ES

REGISTERED NUMBER:

04581870 (England and Wales)

ACCOUNTANTS:

Bowen Accountants Ltd

Chartered Accountants

Unit 1 Gate Farm

High Street

Sutton Benger

Chippenham

Wiltshire

SN15 4RE

FIXED ASSETS

16,014

1,689

CURRENT ASSETS

133,081

90,694

PREPAYMENTS AND ACCRUED INCOME

1,032

1,254

CREDITORS

Amounts falling due within one year

(54,525

)

(41,021

)

NET CURRENT ASSETS

79,588

50,927

TOTAL ASSETS LESS CURRENT LIABILITIES

95,602

52,616

CREDITORS

Amounts falling due after more than one year

(55,090

)

-

ACCRUALS AND DEFERRED INCOME

(1,643

)

(3,973

)

NET ASSETS

38,869

48,643

CAPITAL AND RESERVES

38,869

48,643

NOTES TO THE FINANCIAL STATEMENTS

1.	AVERAGE NUMBER OF EMPLOYEES

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

2.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2020 and 31 December 2019:

2020

2019

£

£

J Gilbert

Balance outstanding at start of year

6,865

-

Amounts advanced

14,012

6,865

Amounts repaid

(3,380

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17,497

6,865

There is no fixed repayment term for the above loan. Interest is charged on loans in excess of £10,000 at the official rate of interest.

3.	OTHER FINANCIAL COMMITMENTS

At 31 December 2020, the company had total commitments under non-cancellable operating leases of £ 112,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 14 April 2021 and were signed by:

J Gilbert - Director