Company Registration No. 02968808 (England and Wales)
Headband Limited
Unaudited accounts
for the period from 1 April 2019 to 31 August 2020
Headband Limited
Unaudited accounts
Contents
Headband Limited
Company Information
for the period from 1 April 2019 to 31 August 2020
Company Number
02968808 (England and Wales)
Registered Office
SOUTHGATE HOUSE
59 MAGDALEN STREET
EXETER
EX2 4HY
ENGLAND
Accountants
Prudens Jevro Ltd
Southgate House
59 Magdalen Street
Exeter
Devon
EX2 4HY
Headband Limited
Statement of financial position
as at 31 August 2020
Cash at bank and in hand
203
Creditors: amounts falling due within one year
(20,959)
Total assets less current liabilities
434,505
Creditors: amounts falling due after more than one year
(422,984)
Provisions for liabilities
Profit and loss account
439
For the period ending 31 August 2020 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 June 2021 and were signed on its behalf by
Gareth Chilcott
Director
Company Registration No. 02968808
Headband Limited
Notes to the Accounts
for the period from 1 April 2019 to 31 August 2020
Headband Limited is a private company, limited by shares, registered in England and Wales, registration number 02968808. The registered office is SOUTHGATE HOUSE, 59 MAGDALEN STREET, EXETER, EX2 4HY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on reducing basis
Computer equipment
25% on reducing basis
Other tangible fixed assets
5% on reducing basis
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The accounts are presented in £ sterling.
Headband Limited
Notes to the Accounts
for the period from 1 April 2019 to 31 August 2020
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2019
434,904
129,116
37,031
601,051
At 31 August 2020
434,904
129,116
37,031
601,051
At 1 April 2019
26,372
110,005
22,757
159,134
Charge for the period
18,438
7,899
7,081
33,418
At 31 August 2020
44,810
117,904
29,838
192,552
At 31 August 2020
390,094
11,212
7,193
408,499
5
Debtors: amounts falling due within one year
2020
6
Creditors: amounts falling due within one year
2020
Taxes and social security
(2,036)
7
Creditors: amounts falling due after more than one year
2020
8
Average number of employees
During the period the average number of employees was 0.
