Kelvin Mayall Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04093804 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020

FOR

KELVIN MAYALL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Mayall

Mrs L Mayall

SECRETARY:

K Mayall

REGISTERED OFFICE:

10 Ward Lane

Diggle

Oldham

Lancashire

OL3 5JT

REGISTERED NUMBER:

04093804 (England and Wales)

ACCOUNTANTS:

P B Syddall & Co

Chartered Accountants

Grafton House

81 Chorley Old Road

Bolton

Lancashire

BL1 3AJ

FIXED ASSETS

Tangible assets

4

14,587

11,211

CURRENT ASSETS

Debtors

5

12,852

12,148

Cash at bank

22,240

13,217

35,092

25,365

CREDITORS

Amounts falling due within one year

6

43,580

28,556

NET CURRENT LIABILITIES

(8,488

)

(3,191

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,099

8,020

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

6,097

8,018

SHAREHOLDERS' FUNDS

6,099

8,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 14 July 2021 and were signed on its behalf by:

K Mayall - Director

Mrs L Mayall - Director

1.	STATUTORY INFORMATION

Kelvin Mayall 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

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.

Fixtures and fittings

-

15% on reducing balance

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 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 November 2019

24,490

Additions

5,950

At 31 October 2020

30,440

DEPRECIATION

At 1 November 2019

13,279

Charge for year

2,574

At 31 October 2020

15,853

NET BOOK VALUE

At 31 October 2020

14,587

At 31 October 2019

11,211

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Trade debtors

12,852

12,148

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Tax

10,466

13,127

Social security and other taxes

3,840

1,795

VAT

12,302

12,261

Directors current account

16,102

677

Accrued expenses

870

696

43,580

28,556

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £50,000 (2019 - £50,000) were paid to the directors .

8.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.