Suit Yourself Limited - Accounts to registrar (filleted) - small 18.2
Suit Yourself Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 28 February 2021 |
| for |
| Suit Yourself Limited |
| Suit Yourself Limited (Registered number: 01260244) |
| Contents of the Financial Statements |
| for the Year Ended 28 February 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Suit Yourself Limited |
| Company Information |
| for the Year Ended 28 February 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Suit Yourself Limited (Registered number: 01260244) |
| Balance Sheet |
| 28 February 2021 |
| 2021 | 2020 |
| Notes | £ | £ |
| Current assets |
| Debtors | 4 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 5 |
| Net current assets |
| Total assets less current liabilities |
| Capital and reserves |
| Called up share capital | 6 |
| Retained earnings | 7 |
| Shareholders' funds |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Suit Yourself Limited (Registered number: 01260244) |
| Notes to the Financial Statements |
| for the Year Ended 28 February 2021 |
| 1. | Statutory information |
| Suit Yourself Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Going concern |
| The directors have at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements. These financial statements are prepared on the going concern basis. |
| The Directors have considered the Company's going concern position, taking into account the influence of the current COVID-19 pandemic. |
| As a result of the COVID-19 outbreak, the UK Government announced a national lockdown on 23 March 2020, 31 October 2020 & 6 January 2021. The Directors are aware that the COVID-19 pandemic has had some impact on the Company in the financial year ended 28 February 2021, however they feel the income generation had been resilient to the influence of COVID-19. |
| Revenue |
| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| 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. |
| 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. |
| 3. | Employees and directors |
| The average number of employees during the year was NIL (2020 - NIL). |
| Suit Yourself Limited (Registered number: 01260244) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2021 |
| 4. | Debtors: amounts falling due within one year |
| 2021 | 2020 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| 5. | Creditors: amounts falling due within one year |
| 2021 | 2020 |
| £ | £ |
| Trade creditors |
| Tax |
| Accruals and deferred income |
| 6. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary | £1 | 4 | 4 |
| 7. | Reserves |
| Retained |
| earnings |
| £ |
| At 1 March 2020 |
| Profit for the year |
| At 28 February 2021 |