K9 Express (Bristol South) Limited - Period Ending 2020-11-30

K9 Express (Bristol South) Limited

Contents

Company Information	1
Balance Sheet and Notes to the Financial Statements	2 to 6

K9 Express (Bristol South) Limited

Company Information

Director

R Woodhouse

Registered office

Unit 8 Mendip View Business Park Bristol Road Hewish Weston-super-Mare North Somerset BS24 6RX

Accountants

Four Fifty Partnership Chartered Accountants 34 Boulevard Weston-super-Mare  North Somerset BS23 1NF

K9 Express (Bristol South) Limited

(Registration number: 08681250)
Balance Sheet as at 30 November 2020

	2020 £	2019 £
Fixed assets	2,811	25,716
Current assets	24,118	33,013
Prepayments and accrued income	-	97
Creditors: Amounts falling due within one year	(200,105)	(101,553)
Net current liabilities	(175,987)	(68,443)
Total assets less current liabilities	(173,176)	(42,727)
Creditors: Amounts falling due after more than one year	(129,691)	(149,517)
Accruals and deferred income	(4,992)	(4,385)
	(307,859)	(196,629)
Capital and reserves	(307,859)	(196,629)

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 8 Mendip View Business Park
Bristol Road
Hewish
Weston-super-Mare
North Somerset
BS24 6RX
England

Basis of preparation

K9 Express (Bristol South) Limited

(Registration number: 08681250)
Balance Sheet as at 30 November 2020

1	General information (continued)

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

The financial statements have been prepared on a going concern basis, which assumes that the company will continue to trade in operational existence for the foreseeable future.

The director has considered the net current liabilities position and the obligations of the company and indicated his support so that the company can continue in operational existence for the foreseeable future.

The presentation currency of the financial statements is Pound Sterling (£). All monetary amounts are rounded to the nearest £.

During the year, the company has been affected the Covid-19 pandemic. Government grants are recognised in accordance with the accrual model.

The company has taken advantage of the Government's furlough scheme to cover the cost of employees’ wages whilst in lockdown.

The company received a Small Business Grant Fund payment as a result of the Covid 19 pandemic.

The company has also taken out a bounce back loan which is 100% guaranteed by the Government with the first years interest charge being covered.
 

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2019 - 6).

K9 Express (Bristol South) Limited

(Registration number: 08681250)
Balance Sheet as at 30 November 2020

3	Obligations under leases and hire purchase contracts

Finance leases

The total of future minimum lease payments is as follows:

	2020 £	2019 £
Not later than one year	1,350	1,350
Later than one year and not later than five years	5,641	8,462
	6,991	9,812

4	Related party transactions

Transactions with the director

2020	At 1 December 2019 £	Repayments by director £	At 30 November 2020 £
R Woodhouse
Directors current account	(3,925)	86,588	82,663

2019	At 1 December 2018 £	Repayments by director £	At 30 November 2019 £
R Woodhouse
Directors current account	(30,713)	26,788	(3,925)

K9 Express (Bristol South) Limited

(Registration number: 08681250)
Balance Sheet as at 30 November 2020

4	Related party transactions (continued)

A fluctuating loan to the director subsisted during the year ended 30 November 2020. The loan is repayable on demand.

Mr R Woodhouse has given a personal guarantee to the value of £218,142 in respect of Funding Circle and Boast Capital.

K9 Express (Bristol South) Limited

(Registration number: 08681250)
Balance Sheet as at 30 November 2020

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 19 November 2021
 

......................................... R Woodhouse Director