Mountshill Woodcraft Ltd - Accounts to registrar (filleted) - small 18.2
Mountshill Woodcraft Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 11 February 2020 to 31 March 2021 |
for |
Mountshill Woodcraft Ltd |
Mountshill Woodcraft Ltd (Registered number: 12454656) |
Contents of the Financial Statements |
for the Period 11 February 2020 to 31 March 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Mountshill Woodcraft Ltd |
Company Information |
for the Period 11 February 2020 to 31 March 2021 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Bank Chambers |
61 High Street |
Cranbrook |
Kent |
TN17 3EG |
Mountshill Woodcraft Ltd (Registered number: 12454656) |
Balance Sheet |
31 March 2021 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
Mountshill Woodcraft Ltd (Registered number: 12454656) |
Balance Sheet - continued |
31 March 2021 |
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 |
Mountshill Woodcraft Ltd (Registered number: 12454656) |
Notes to the Financial Statements |
for the Period 11 February 2020 to 31 March 2021 |
1. | STATUTORY INFORMATION |
Mountshill Woodcraft Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Motor vehicles | - |
Computer equipment | - |
Government grants |
Local Restrictions Support Grant/ Closed Business Lockdown Payment/ Additional Restrictions Grant |
The company made applications and received payments from the Local Restrictions Support Grant, Closed Business Lockdown Payment and Additional Restrictions Grant funds. These grants have been recognised on an accruals basis for the period that they relate to and have not been deferred in any way. |
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 period 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. |
Mountshill Woodcraft Ltd (Registered number: 12454656) |
Notes to the Financial Statements - continued |
for the Period 11 February 2020 to 31 March 2021 |
2. | ACCOUNTING POLICIES - continued |
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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
Additions |
At 31 March 2021 |
DEPRECIATION |
Charge for period |
At 31 March 2021 |
NET BOOK VALUE |
At 31 March 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Mountshill Woodcraft Ltd (Registered number: 12454656) |
Notes to the Financial Statements - continued |
for the Period 11 February 2020 to 31 March 2021 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Taxation and social security |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 10 |
10 Ordinary shares of £1 each were allotted and fully paid for |
8. | RELATED PARTY DISCLOSURES |
During the year the business paid net rents of £14,812 to Mr R A A Chiles, a director of the company. This is considered to be at arms length for the full market value. |