Findley House Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03596794 (England and Wales)

FINDLEY HOUSE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2021

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J E Wordsworth

SECRETARY:

N Clayton

REGISTERED OFFICE:

Units 54 & 55

Askern Industrial Estate

Moss Road

Doncaster

South Yorkshire

DN6 0DD

REGISTERED NUMBER:

03596794 (England and Wales)

BANKERS:

Yorkshire Bank

19 St Sepulchre Gate

Doncaster

DN1 1SJ

FIXED ASSETS

Tangible assets

4

26,920

24,983

CURRENT ASSETS

Stocks

75,710

32,000

Debtors

22,507

14,163

Cash at bank and in hand

238,638

133,535

336,855

179,698

CREDITORS

Amounts falling due within one year

200,392

139,631

NET CURRENT ASSETS

136,463

40,067

TOTAL ASSETS LESS CURRENT LIABILITIES

163,383

65,050

CREDITORS

Amounts falling due after more than one year

(32,061

)

(42,852

)

PROVISIONS FOR LIABILITIES

(5,115

)

(4,747

)

NET ASSETS

126,207

17,451

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

126,107

17,351

SHAREHOLDERS' FUNDS

126,207

17,451

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 August 2021 and were signed by:

J E Wordsworth - Director

1.	STATUTORY INFORMATION

Findley House Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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

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

Plant and machinery etc

-

15 - 25% on reducing balance and Straight line over 3 to 15 years

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.

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.

Grant accounting policy

Grant income relating to revenue is recognised on an accruals basis. Income is recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support with no future related costs is recognised in income in the period in which it becomes receivable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2020 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2020

69,263

Additions

11,350

At 31 July 2021

80,613

DEPRECIATION

At 1 August 2020

44,280

Charge for year

9,413

At 31 July 2021

53,693

NET BOOK VALUE

At 31 July 2021

26,920

At 31 July 2020

24,983

5.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

38,666

40,000

6.	CONTROLLING PARTY

The controlling party is J E Wordsworth by virtue of her ownership of 100% of the issued share capital in the company.

7.	TRANSACTION WITH DIRECTOR

At the year end the company owed the director J E Wordsworth £325 (2020 £0).

8.	GRANT NOTE

GOVERNMENT ASSISTANCE

During the year the company has received grant income under HM Government Coronavirus Job Retention Scheme totalling £ 26,744 (£33,883 2020) , and from Doncaster District Council under the Small Business Grants Fund totalling £12,619 (£10,000 2020) The company has taken out a bank loan under the Coronavirus Business Interruption Loan ("CBIL") scheme. The loan interest in the first 12 months is covered by HM Government by the Business Interruption payment. The amount recognised in the period in respect of this is £ 750 (£250 2020) . Amounts recognised are included in Other Income.