The Decorators Mate Limited - Accounts to registrar (filleted) - small 18.2

The Decorators Mate Limited - Accounts to registrar (filleted) - small 18.2

THE DECORATORS MATE LIMITED - Company Information

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REGISTERED NUMBER: 03930187 (England and Wales)


The Decorators Mate Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2021





Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU








The Decorators Mate Limited (Registered number: 03930187)






Contents of the Financial Statements
for the year ended 31 March 2021




Page

Company Information 1

Chartered Accountants' Report 2

Abridged Statement of Financial Position 3

Notes to the Financial Statements 5


The Decorators Mate Limited

Company Information
for the year ended 31 March 2021







DIRECTOR: Mr A A Elliott-Shorey





SECRETARY: Mr A A Elliott-Shorey





REGISTERED OFFICE: 76-80 Streatham Hill
London
SW2 4RD





REGISTERED NUMBER: 03930187 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU
Page 1
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
The Decorators Mate Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Decorators Mate Limited for the year ended 31 March 2021 which comprise the Abridged Statement of Income and Retained Earnings, Abridged Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of The Decorators Mate Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Decorators Mate Limited and state those matters that we have agreed to state to the director of The Decorators Mate Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Decorators Mate Limited and its director for our work or for this report.

It is your duty to ensure that The Decorators Mate Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Decorators Mate Limited. You consider that The Decorators Mate Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Decorators Mate Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


29 December 2021

This page does not form part of the statutory financial statements

Page 2
The Decorators Mate Limited (Registered number: 03930187)

Abridged Statement of Financial Position
31 March 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,274 2,921
Investments 5 1 1
2,275 2,922

CURRENT ASSETS
Inventories 228,316 199,823
Debtors 171,175 155,363
Cash at bank and in hand 806,479 692,454
1,205,970 1,047,640
CREDITORS
Amounts falling due within one year 163,981 92,844
NET CURRENT ASSETS 1,041,989 954,796
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,044,264
957,718

PROVISIONS FOR LIABILITIES 6 279 368
NET ASSETS 1,043,985 957,350

CAPITAL AND RESERVES
Called up share capital 7 350 350
Retained earnings 8 1,043,635 957,000
SHAREHOLDERS' FUNDS 1,043,985 957,350

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 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.

The notes form part of these financial statements

Page 3 continued...
The Decorators Mate Limited (Registered number: 03930187)

Abridged Statement of Financial Position - continued
31 March 2021


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 Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 December 2021 and were signed by:





Mr A A Elliott-Shorey - Director


The notes form part of these financial statements

Page 4
The Decorators Mate Limited (Registered number: 03930187)

Notes to the Financial Statements
for the year ended 31 March 2021

1. STATUTORY INFORMATION

The Decorators Mate 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is generated from the ordinary activities of the business and is recognised when the customer takes delivery of the goods.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is determined on a first in first out basis. Net realisable value represents selling price less any cost to sell. Provision is made for slow moving items where the net realisable value is less than costs.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2020 - 7 ) .

Page 5 continued...
The Decorators Mate Limited (Registered number: 03930187)

Notes to the Financial Statements - continued
for the year ended 31 March 2021

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 April 2020
and 31 March 2021 51,651
DEPRECIATION
At 1 April 2020 48,730
Charge for year 647
At 31 March 2021 49,377
NET BOOK VALUE
At 31 March 2021 2,274
At 31 March 2020 2,921

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2020
and 31 March 2021 1
NET BOOK VALUE
At 31 March 2021 1
At 31 March 2020 1

Fixed asset investments represent the cost of investing in the 100% holding in ESPG Limited-an unquoted company registered in England.

6. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax 279 368

Deferred
tax
£   
Balance at 1 April 2020 368
Credit to Statement of Income and Retained Earnings during year (89 )
Balance at 31 March 2021 279

Page 6 continued...
The Decorators Mate Limited (Registered number: 03930187)

Notes to the Financial Statements - continued
for the year ended 31 March 2021

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
350 Ordinary £1 350 350

8. RESERVES
Retained
earnings
£   

At 1 April 2020 957,000
Profit for the year 125,975
Dividends (39,340 )
At 31 March 2021 1,043,635

9. RELATED PARTY DISCLOSURES

Transactions with member of key management personnel

1.During the year, company paid additional rent of £54,000 (2020:£54,000).

2.Company owe £1,270 (2020 - £1,270 at balance sheet date.

3. They waived their right to some dividends in the year to support the company's working capital.

Company under common control

1. Included in debtors payable within 1 year is an amount of £127,513 (2020:£127,513) due from a subsidiary at balance sheet date. The loan is interest free and is repayable on demand..

Page 7