Bonds Lifestyle Limited Filleted accounts for Companies House (small and micro)
Bonds Lifestyle Limited Filleted accounts for Companies House (small and micro)
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS |
COMPANY REGISTRATION NUMBER:
09186613
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FOR THE YEAR ENDED |
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REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF
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YEAR ENDED 30 SEPTEMBER 2021
Lifford Hall
Lifford Lane
Kings Norton
Birmingham
B30 3JN
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
2021 |
2020 |
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Note |
£ |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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Current assets
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
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ABRIDGED STATEMENT OF FINANCIAL POSITION (continued) |
Directors' responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
30 May 2022
, and are signed on behalf of the board by:
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Director |
Company registration number:
09186613
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NOTES TO THE ABRIDGED FINANCIAL STATEMENTS |
YEAR ENDED 30 SEPTEMBER 2021
1.
General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lifford Hall, Lifford Lane, Kings Norton, Birmingham, B30 3JN.
2.
Statement of Compliance
3.
Accounting Policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings |
- |
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Motor vehicles |
- |
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Equipment |
- |
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Impairment of fixed assets
Stocks
Government grants
Financial instruments
Defined contribution plans
4.
Employee Numbers
The average number of persons employed by the company during the year amounted to
27
(2020:
27
).
5.
Intangible Assets
£ |
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Cost |
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At 1 October 2020 and 30 September 2021 |
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Amortisation |
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At 1 October 2020 |
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Charge for the year |
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At 30 September 2021 |
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Carrying amount |
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At 30 September 2021 |
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At 30 September 2020 |
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6.
Tangible Assets
£ |
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Cost |
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At 1 October 2020 |
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Additions |
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At 30 September 2021 |
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Depreciation |
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At 1 October 2020 |
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Charge for the year |
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At 30 September 2021 |
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Carrying amount |
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At 30 September 2021 |
145,604 |
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At 30 September 2020 |
82,796 |
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7.
Directors' Advances, Credits and Guarantees
Amounts owed to the directors' at the balance sheet date are included in creditors and totalled £288,843 (2020: £320,713).
8.
Related Party Transactions
The company was under the control of
R M Biggs
and Z A Biggs throughout the current period. R M Biggs
and Z A Biggs are the directors and joint shareholders.