The Cheese Shop Nottingham Limited - Accounts to registrar (filleted) - small 18.2

The Cheese Shop Nottingham Limited - Accounts to registrar (filleted) - small 18.2

THE CHEESE SHOP NOTTINGHAM LIMITED - Company Information

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REGISTERED NUMBER: 05288244















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

FOR

THE CHEESE SHOP NOTTINGHAM LIMITED
THE CHEESE SHOP NOTTINGHAM LIMITED (REGISTERED NUMBER: 05288244)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE CHEESE SHOP NOTTINGHAM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2021







Directors: R W H Freckingham
R T W Freckingham





Registered office: 21 New Walk
Leicester
LE1 6TE





Registered number: 05288244





Accountants: Sturgess Hutchinson
Chartered Certified Accountants
21 New Walk
Leicester
LE1 6TE
1
THE CHEESE SHOP NOTTINGHAM LIMITED (REGISTERED NUMBER: 05288244)

BALANCE SHEET
31 JANUARY 2021

2021 2020
Notes £    £    £    £   
Fixed assets
Tangible assets 4 31,680 37,403

Current assets
Stocks 9,300 8,575
Debtors 5 10,618 13,222
Cash at bank and in hand 72,064 63,600
91,982 85,397
Creditors
Amounts falling due within one year 6 118,059 106,568
Net current liabilities (26,077 ) (21,171 )
Total assets less current liabilities 5,603 16,232

Creditors
Amounts falling due after more than one
year
7
-
(463
)

Provisions for liabilities (5,211 ) (6,121 )
Net assets 392 9,648

Capital and reserves
Called up share capital 2 2
Retained earnings 390 9,646
392 9,648

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

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





R W H Freckingham - Director


The notes form part of these financial statements

2
THE CHEESE SHOP NOTTINGHAM LIMITED (REGISTERED NUMBER: 05288244)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021

1. Statutory information

The Cheese Shop Nottingham Limited is a private company, limited by shares , registered in Not specified/Other. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - at variable rates 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2020 - 5 ) .

3
THE CHEESE SHOP NOTTINGHAM LIMITED (REGISTERED NUMBER: 05288244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2021

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 February 2020 102,432
Additions 650
At 31 January 2021 103,082
Depreciation
At 1 February 2020 65,029
Charge for year 6,373
At 31 January 2021 71,402
Net book value
At 31 January 2021 31,680
At 31 January 2020 37,403

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
Cost
At 1 February 2020
and 31 January 2021 15,815
Depreciation
At 1 February 2020 9,143
Charge for year 1,668
At 31 January 2021 10,811
Net book value
At 31 January 2021 5,004
At 31 January 2020 6,672

5. Debtors: amounts falling due within one year
2021 2020
£    £   
Trade debtors 1,043 2,400
Other debtors 9,575 10,822
10,618 13,222

6. Creditors: amounts falling due within one year
2021 2020
£    £   
Hire purchase contracts 463 2,775
Trade creditors 5,744 12,181
Taxation and social security 12,415 14,113
Other creditors 99,437 77,499
118,059 106,568

4
THE CHEESE SHOP NOTTINGHAM LIMITED (REGISTERED NUMBER: 05288244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2021

7. Creditors: amounts falling due after more than one year
2021 2020
£    £   
Hire purchase contracts - 463

8. Related party disclosures

Other creditors includes the amount of £91,776 owed by the company to the directors (2020: £73,416)

5