Ardenco Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04429639 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

ARDENCO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G A Johnson

Mrs K E Johnson

SECRETARY:

Mrs K E Johnson

REGISTERED OFFICE:

North Farm

Green Lane

Horsford

Norwich

Norfolk

NR10 3ED

REGISTERED NUMBER:

04429639 (England and Wales)

ACCOUNTANTS:

Sexty & Co

Chartered Certified Accountants

124 Thorpe Road

Norwich

Norfolk

NR1 1RS

FIXED ASSETS

Tangible assets

4

1,242

1,485

CURRENT ASSETS

Stocks

3,000

3,000

Debtors

5

1,958

2,683

Cash at bank and in hand

19,253

13,003

24,211

18,686

CREDITORS

Amounts falling due within one year

6

5,008

6,653

NET CURRENT ASSETS

19,203

12,033

TOTAL ASSETS LESS CURRENT LIABILITIES

20,445

13,518

CREDITORS

Amounts falling due after more than one year

7

10,500

-

NET ASSETS

9,945

13,518

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9,845

13,418

SHAREHOLDERS' FUNDS

9,945

13,518

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 27 September 2021 and were signed on its behalf by:

G A Johnson - Director

Mrs K E Johnson - Director

1.	STATUTORY INFORMATION

Ardenco 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.

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

Motor vehicles

-

25% on reducing balance

Stocks

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

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.

Government grants

Government grants are measured using the accrual model. These revenue-based grants are recognised on a systematic basis in the same period that the related costs are intended to compensate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2020

and 31 December 2020

2,625

3,203

5,828

DEPRECIATION

At 1 January 2020

1,331

3,012

4,343

Charge for year

195

48

243

At 31 December 2020

1,526

3,060

4,586

NET BOOK VALUE

At 31 December 2020

1,099

143

1,242

At 31 December 2019

1,294

191

1,485

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

1,186

2,683

Other debtors

772

-

1,958

2,683

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Taxation and social security

900

3,000

Other creditors

4,108

3,653

5,008

6,653

Other creditors include amounts owed to the directors of £345 (2019 - £98). The amounts have no fixed repayment date and bear no interest.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

10,500

-