Roses of Anlaby Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07973498 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

ROSES OF ANLABY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S M Rose

Mrs D E Rose

REGISTERED OFFICE:

38 Hull Road

Anlaby

Hull

HU10 6UA

REGISTERED NUMBER:

07973498 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Intangible assets

4

10,000

14,000

Tangible assets

5

171,905

186,322

181,905

200,322

CURRENT ASSETS

Stocks

2,500

1,600

Debtors

6

21,622

649

Cash at bank and in hand

72,447

43,359

96,569

45,608

CREDITORS

Amounts falling due within one year

7

67,604

66,385

NET CURRENT ASSETS/(LIABILITIES)

28,965

(20,777

)

TOTAL ASSETS LESS CURRENT LIABILITIES

210,870

179,545

CREDITORS

Amounts falling due after more than one year

8

(120,521

)

(149,412

)

PROVISIONS FOR LIABILITIES

(1,141

)

(1,810

)

NET ASSETS

89,208

28,323

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

88,208

27,323

SHAREHOLDERS' FUNDS

89,208

28,323

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2021 and were signed on its behalf by:

S M Rose - Director

1.	STATUTORY INFORMATION

Roses of Anlaby Limited is a private company, limited by shares, registered and domiciled in England. The company's registered number is 07973498 and its registered office address and principal place of business is 38 Hull Road, Anlaby, Hull, HU10 6UA.

The financial statements are presented in Sterling, which is the functional currency of the company and cover the individual entity only.

The principal activity of the company is greengrocery.

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.

The Covid-19 pandemic has had a positive impact on trade within the company. Having regard to liquidity risk, current market conditions and other factors affecting the company including this impact of Covid-19, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

5% on cost

Equipment

-

25% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Stocks

Stock are stated at the lower of cost, using the first in first out method, and selling price less costs to complete and sell.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 10 (2020 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2020

and 31 March 2021

40,000

AMORTISATION

At 1 April 2020

26,000

Charge for year

4,000

At 31 March 2021

30,000

NET BOOK VALUE

At 31 March 2021

10,000

At 31 March 2020

14,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

Equipment

fittings

£

£

£

COST

At 1 April 2020

243,853

5,695

52,306

Additions

-

5,952

-

Disposals

-

-

-

At 31 March 2021

243,853

11,647

52,306

DEPRECIATION

At 1 April 2020

67,057

5,492

52,306

Charge for year

12,192

845

-

Eliminated on disposal

-

-

-

At 31 March 2021

79,249

6,337

52,306

NET BOOK VALUE

At 31 March 2021

164,604

5,310

-

At 31 March 2020

176,796

203

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2020

22,431

2,995

327,280

Additions

-

1,650

7,602

Disposals

(22,431

)

-

(22,431

)

At 31 March 2021

-

4,645

312,451

DEPRECIATION

At 1 April 2020

14,019

2,084

140,958

Charge for year

2,804

570

16,411

Eliminated on disposal

(16,823

)

-

(16,823

)

At 31 March 2021

-

2,654

140,546

NET BOOK VALUE

At 31 March 2021

-

1,991

171,905

At 31 March 2020

8,412

911

186,322

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

20,000

-

VAT

747

-

Prepayments

875

649

21,622

649

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Commercial mortgage

13,372

13,372

Hire purchase contracts

-

3,086

Trade creditors

20,551

26,829

Tax

30,258

16,076

Social security and other taxes

2,847

839

VAT

-

2,777

Directors' current accounts

286

74

Accrued expenses

290

3,332

67,604

66,385

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Commercial mortgage 1-2 years

13,887

13,887

Commercial mortgage 2-5 years

44,951

44,951

Commercial mortgage

61,683

82,808

Hire purchase contracts

-

7,766

120,521

149,412

Amounts falling due in more than five years:

Repayable by instalments

Commercial mortgage

61,683

82,808

9.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Commercial mortgage

133,893

155,018

Hire purchase contracts

-

10,852

133,893

165,870

The commercial mortgage is secured by way of fixed and floating charges over all of the assets of the company, including the freehold property being mortgaged.