Contents of the Financial Statements

for the Period Ended 28 February 2021

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 28 February 2021

The directors present their report with the financial statements of the company for the period ended 28 February 2021

Directors

The director shown below has held office during the whole of the period from
1 March 2020 to 28 February 2021

D.Thornton-Baker

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
19 July 2021

And signed on behalf of the board by:
Name: D.Thornton-Baker
Status: Director

Profit And Loss Account

for the Period Ended 28 February 2021

	2021	2020
	£	£
Turnover:	1,471,144	2,308,478
Cost of sales:	( 1,028,939 )	( 1,882,899 )
Gross profit(or loss):	442,205	425,579
Administrative expenses:	( 24,084 )	( 34,165 )
Operating profit(or loss):	418,121	391,414
Interest receivable and similar income:	1	365
Profit(or loss) before tax:	418,122	391,779
Tax:	( 79,443 )	( 63,080 )
Profit(or loss) for the financial year:	338,679	328,699

Balance sheet

As at 28 February 2021

	Notes	2021	2020
		£	£
Current assets
Stocks:	3	580,000	1,127,000
Debtors:	4	1,247,388	900,681
Cash at bank and in hand:		917,497	281,282
Total current assets:		2,744,885	2,308,963
Net current assets (liabilities):		2,744,885	2,308,963
Total assets less current liabilities:		2,744,885	2,308,963
Creditors: amounts falling due after more than one year:	5	( 387,282 )	( 2,040,039 )
Total net assets (liabilities):		2,357,603	268,924
Capital and reserves
Called up share capital:		71	1
Share premium account:		1,749,930
Profit and loss account:		607,602	268,923
Total Shareholders' funds:		2,357,603	268,924

The notes form part of these financial statements

Balance sheet statements

For the year ending 28 February 2021 the company was entitled to exemption 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 directors acknowledge their 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.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 28 February 2021

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

  Other accounting policies

  StocksDebtorsCreditorsTaxationProvisions

Notes to the Financial Statements

for the Period Ended 28 February 2021

• 2. Employees

  	2021	2020
  Average number of employees during the period	0	0