Shrink Wrapping Supplies Limited - Accounts to registrar (filleted) - small 18.2
Shrink Wrapping Supplies Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Shrink Wrapping Supplies Limited |
| Unaudited Financial Statements for the Year Ended 31 July 2021 |
| Shrink Wrapping Supplies Limited (Registered number: 06879807) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Shrink Wrapping Supplies Limited |
| Company Information |
| for the Year Ended 31 July 2021 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Shaw House |
| 1 Shaw Street |
| Ashton |
| Lancashire |
| OL6 6QJ |
| Shrink Wrapping Supplies Limited (Registered number: 06879807) |
| Balance Sheet |
| 31 July 2021 |
| 31.7.21 | 31.7.20 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings | 11 |
| SHAREHOLDERS' FUNDS |
| 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. |
| Shrink Wrapping Supplies Limited (Registered number: 06879807) |
| Balance Sheet - continued |
| 31 July 2021 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| Shrink Wrapping Supplies Limited (Registered number: 06879807) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2021 |
| 1. | STATUTORY INFORMATION |
| Shrink Wrapping Supplies Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Government grants |
| The company received the following government grants during the accounting year: |
| £6,550 - TMBC re covid council grant |
| £11,059.95 - HMRC covid job retention scheme funds |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
| Pension costs and other post-retirement benefits |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Shrink Wrapping Supplies Limited (Registered number: 06879807) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2021 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 August 2020 |
| Additions |
| At 31 July 2021 |
| DEPRECIATION |
| At 1 August 2020 |
| Charge for year |
| At 31 July 2021 |
| NET BOOK VALUE |
| At 31 July 2021 |
| At 31 July 2020 |
| 5. | STOCKS |
| 31.7.21 | 31.7.20 |
| £ | £ |
| Stocks |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.21 | 31.7.20 |
| £ | £ |
| Trade debtors |
| Directors' current accounts | - | 14,592 |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.21 | 31.7.20 |
| £ | £ |
| Bank loans and overdrafts (see note 9) |
| Trade creditors |
| Corporation tax payable |
| Social security and other taxes | ( |
) | ( |
) |
| VAT | 42,667 | 3,215 |
| Other creditors |
| Directors' current accounts | 223 | - |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.7.21 | 31.7.20 |
| £ | £ |
| Bank loans (see note 9) |
| Other loans (see note 9) |
| Shrink Wrapping Supplies Limited (Registered number: 06879807) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2021 |
| 9. | LOANS |
| An analysis of the maturity of loans is given below: |
| 31.7.21 | 31.7.20 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank overdrafts |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| Other loans - 2-5 years |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.7.21 | 31.7.20 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 2 |
| 11. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 August 2020 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 July 2021 |