Accounts filed on 30-11-2021


ACCOUNTS
FOR THE YEAR ENDED 30/11/2021





DIRECTORS
P O'Brien
S Davis



SECRETARY
P O'Brien


REGISTERED OFFICE
Holly House, 21d Chudleigh Rd
Alphington
Exeter
Devon
EX2 8TS


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04327073



ACCOUNTANTS
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS


ACCOUNTS
FOR THEYEARENDED30/11/2021



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30/11/2021

			2021		2020
	Notes		£		£

FIXED ASSETS
Tangible assets	3		10,560		14,080

CURRENT ASSETS
Stock		2,008,000		1,983,000
Debtors	5	2,805,861		2,821,602
Cash at bank and in hand		89		6,698
		4,813,950		4,811,300
CREDITORS: Amounts falling due within one year	6	519,191		543,818
NET CURRENT ASSETS			4,294,759		4,267,482
TOTAL ASSETS LESS CURRENT LIABILITIES			4,305,319		4,281,562


CREDITORS: Amounts falling due after more than one year	7		3,537,465		3,510,275


PROVISIONS FOR LIABILITIES AND CHARGES	8		2,006		2,675

NET ASSETS			765,848		768,612

CAPITAL AND RESERVES

Called up share capital	9		2		2
Profit and loss account			765,846		768,611
SHAREHOLDERS' FUNDS			765,848		768,613

Difference on accounts			-		(1)

For the year ending 30/11/2021 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 24/11/2022 and signed on their behalf by



.............................
P O'Brien
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		25%
Fixtures and Fittings		25%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




5. DEBTORS	2021	2020
	£	£
Amounts falling due within one year
VAT	788	2,624
	788	2,624

Amounts falling due over more than one year
Long term debtor	2,805,073	2,818,978
	2,805,073	2,818,978
	2,805,861	2,821,602




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2021	2020
	£	£
UK corporation tax	9,406	14,384
Directors current account	383,159	469,159
Bank loans and overdrafts	1,158	-
Bank Loan	45,277	50,000
Credit card	2,191	3,275
Trade creditors	68,000	-
Accruals	10,000	7,000
	519,191	543,818




7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2021	2020
	£	£
Bank loans (secured) >1yr	1,419,291	1,419,291
Long term creditor	2,118,174	2,090,984
	3,537,465	3,510,275




9. SHARE CAPITAL	2021	2020
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each	2	2
	2	2