ABS Shows Ltd 30/11/2020 iXBRL

ABS Shows Ltd 30/11/2020 iXBRL

ABS SHOWS LTD - Company Information

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0 30/11/2020 2020-11-30 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2019-12-01 Sage Accounts Production 20.0 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 09330235 2019-12-01 2020-11-30 09330235 2020-11-30 09330235 2019-11-30 09330235 2019-11-30 09330235 bus:RegisteredOffice 2019-12-01 2020-11-30 09330235 bus:LeadAgentIfApplicable 2019-12-01 2020-11-30 09330235 bus:Director1 2019-12-01 2020-11-30 09330235 bus:Director2 2019-12-01 2020-11-30 09330235 core:FurnitureFittingsToolsEquipment 2019-11-30 09330235 core:MotorVehicles 2019-11-30 09330235 core:FurnitureFittingsToolsEquipment 2020-11-30 09330235 core:MotorVehicles 2020-11-30 09330235 core:WithinOneYear 2020-11-30 09330235 core:WithinOneYear 2019-11-30 09330235 core:FurnitureFittingsToolsEquipment 2019-12-01 2020-11-30 09330235 core:MotorVehicles 2019-12-01 2020-11-30 09330235 core:ShareCapital 2020-11-30 09330235 core:ShareCapital 2019-11-30 09330235 core:RetainedEarningsAccumulatedLosses 2020-11-30 09330235 core:RetainedEarningsAccumulatedLosses 2019-11-30 09330235 core:FurnitureFittingsToolsEquipment 2019-11-30 09330235 core:MotorVehicles 2019-11-30 09330235 bus:SmallEntities 2019-12-01 2020-11-30 09330235 bus:AuditExempt-NoAccountantsReport 2019-12-01 2020-11-30 09330235 bus:FullAccounts 2019-12-01 2020-11-30 09330235 bus:SmallCompaniesRegimeForAccounts 2019-12-01 2020-11-30 09330235 bus:PrivateLimitedCompanyLtd 2019-12-01 2020-11-30 09330235 1 2019-12-01 2020-11-30
Company registration number: 09330235
ABS Shows Ltd
Unaudited filleted financial statements
30 November 2020
ABS Shows Ltd
Directors and other information
Directors Mr F Chislett
Mrs D C Chislett
Company number 09330235
Registered office Upper Brear Farm
Stump Cross
Halifax
West Yorkshire
HX3 7AL
Accountants Hodgson Hey Limited
Heritage Exchange
South Lane
Elland
HX5 0HG
Bankers Yorkshire Bank
7 Waterhouse Street
Halifax
West Yorkshire
HX1 1XZ
ABS Shows Ltd
Statement of financial position
30 November 2020
2020 2019
Note £ £ £ £
Fixed assets
Tangible assets 4 11,755 17,217
_______ _______
11,755 17,217
Current assets
Stocks 5,500 6,250
Debtors 5 3,744 24,014
Cash at bank and in hand 153,752 249,529
_______ _______
162,996 279,793
Creditors: amounts falling due
within one year 6 ( 3,607) ( 35,174)
_______ _______
Net current assets 159,389 244,619
_______ _______
Total assets less current liabilities 171,144 261,836
_______ _______
Net assets 171,144 261,836
_______ _______
Capital and reserves
Called up share capital 200 200
Profit and loss account 170,944 261,636
_______ _______
Shareholders funds 171,144 261,836
_______ _______
For the year ending 30 November 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 23 February 2021 , and are signed on behalf of the board by:
Mr F Chislett
Director
Company registration number: 09330235
ABS Shows Ltd
Notes to the financial statements
Year ended 30 November 2020
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Upper Brear Farm, Stump Cross, Halifax, West Yorkshire, HX3 7AL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 December 2019 23,005 19,750 42,755
Disposals - ( 6,500) ( 6,500)
_______ _______ _______
At 30 November 2020 23,005 13,250 36,255
_______ _______ _______
Depreciation
At 1 December 2019 14,785 10,753 25,538
Charge for the year 2,055 2,250 4,305
Disposals - ( 5,343) ( 5,343)
_______ _______ _______
At 30 November 2020 16,840 7,660 24,500
_______ _______ _______
Carrying amount
At 30 November 2020 6,165 5,590 11,755
_______ _______ _______
At 30 November 2019 8,220 8,997 17,217
_______ _______ _______
5. Debtors
2020 2019
£ £
Trade debtors - 22,868
Other debtors 3,744 1,146
_______ _______
3,744 24,014
_______ _______
6. Creditors: amounts falling due within one year
2020 2019
£ £
Trade creditors 71 103
Corporation tax 1,504 18,957
Social security and other taxes - 13,634
Other creditors 2,032 2,480
_______ _______
3,607 35,174
_______ _______
7. Controlling party
The directors control the Company due to their majority shareholdings.