Contents of the Financial Statements

for the Period Ended 31 March 2021

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 March 2021

The directors present their report with the financial statements of the company for the period ended 31 March 2021

Directors

The directors shown below have held office during the whole of the period from
1 April 2020 to 31 March 2021

Mr Philip Thomas Turner
Mr Peter Andrew Turner

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
17 December 2021

And signed on behalf of the board by:
Name: Mr Philip Thomas Turner
Status: Director

Profit And Loss Account

for the Period Ended 31 March 2021

	2021	2020
	£	£
Turnover:	2,165,722	1,902,524
Cost of sales:	( 715,796 )	( 656,423 )
Gross profit(or loss):	1,449,926	1,246,101
Distribution costs:	( 88,552 )	( 33,898 )
Administrative expenses:	( 1,058,769 )	( 951,892 )
Other operating income:	99,000	3,000
Operating profit(or loss):	401,605	263,311
Interest receivable and similar income:	1,516	101
Interest payable and similar charges:		( 1,078 )
Profit(or loss) before tax:	403,121	262,334
Tax:	( 76,634 )	( 51,545 )
Profit(or loss) for the financial year:	326,487	210,789

Balance sheet

As at 31 March 2021

	Notes	2021	2020
		£	£
Fixed assets
Intangible assets:	3	12,000	18,000
Tangible assets:	4	146,895	143,168
Total fixed assets:		158,895	161,168
Current assets
Stocks:	5	21,600	10,577
Debtors:	6	55,932	18,692
Cash at bank and in hand:		830,585	611,935
Total current assets:		908,117	641,204
Prepayments and accrued income:		55,490	14,761
Creditors: amounts falling due within one year:	7	( 182,543 )	( 152,922 )
Net current assets (liabilities):		781,064	503,043
Total assets less current liabilities:		939,959	664,211
Provision for liabilities:		( 25,223 )	( 25,727 )
Accruals and deferred income:		( 83,140 )	( 63,442 )
Total net assets (liabilities):		831,596	575,042
Capital and reserves
Called up share capital:		1,111	1,111
Share premium account:		60,000	60,000
Profit and loss account:		770,485	513,931
Total Shareholders' funds:		831,596	575,042

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2021

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

  Tangible fixed assets depreciation policy

  Depreciation is provided on all tangible assets at rates calculated to write off the cost less estimated residual value evenly over its expected useful life as follows:Leasehold buildings Over the Lease termEquipment, Fixtures nd fittings Over 5 yearsMotor vehicles Over 5 years

  Intangible fixed assets amortisation policy

  Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Notes to the Financial Statements

for the Period Ended 31 March 2021

• 2. Employees

  	2021	2020
  Average number of employees during the period	42	35