Three Withys Limited - Accounts to registrar (filleted) - small 18.2
Three Withys Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020 |
| FOR |
| THREE WITHYS LIMITED |
| THREE WITHYS LIMITED (REGISTERED NUMBER: 09066487) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 JUNE 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| THREE WITHYS LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30 JUNE 2020 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| and Statutory Auditor |
| 61 Queen Square |
| Bristol |
| BS1 4JZ |
| THREE WITHYS LIMITED (REGISTERED NUMBER: 09066487) |
| BALANCE SHEET |
| 30 JUNE 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| THREE WITHYS LIMITED (REGISTERED NUMBER: 09066487) |
| BALANCE SHEET - continued |
| 30 JUNE 2020 |
| 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 |
| THREE WITHYS LIMITED (REGISTERED NUMBER: 09066487) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 JUNE 2020 |
| 1. | STATUTORY INFORMATION |
| Three Withys Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| On 23 March 2020 the company was required to close its two public houses due to the coronavirus pandemic and government restrictions that came into force. |
| The company claimed from the Coronavirus Job Retention Scheme (CJRS) to ensure it could retain its staff and received Coronavirus Hospitality grants and Business Rate reductions from local authorities. |
| The company continued to utilise the CJRS after the year end in periods of lockdown and trade restrictions. |
| The company funds its working capital from a loan from its director as disclosed on note 8 to the accounts. |
| Lockdown restrictions were lifted in full on 19 July 2021 and the company recommenced its trade at both its site without restrictions. |
| Based on the above, the director has a reasonable expectation that the company will continue to operate for the 12 months from the date of signing these accounts. The accounts have therefore been prepared on a going concern basis. |
| 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 |
| Long leasehold | - |
| Fixtures and fittings | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| THREE WITHYS LIMITED (REGISTERED NUMBER: 09066487) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 JUNE 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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 |
| THREE WITHYS LIMITED (REGISTERED NUMBER: 09066487) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 JUNE 2020 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Long | and |
| leasehold | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 July 2019 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 June 2020 |
| DEPRECIATION |
| At 1 July 2019 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 June 2020 |
| NET BOOK VALUE |
| At 30 June 2020 |
| At 30 June 2019 |
| 5. | STOCKS |
| 2020 | 2019 |
| £ | £ |
| Stocks |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Other debtors |
| Tax |
| Prepayments |
| THREE WITHYS LIMITED (REGISTERED NUMBER: 09066487) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 JUNE 2020 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Credit note provision | (10,168 | ) | - |
| Tax |
| Social security and other taxes |
| VAT | 21,420 | 25,876 |
| Other creditors |
| Directors' current accounts | 274,998 | 386,309 |
| Accruals and deferred income |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |