G Strothers Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08047020 (England and Wales)

Financial Statements

for the Year Ended 30 April 2021

for

G Strothers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Strothers

REGISTERED OFFICE:

5 Kiln Hill Close

Chadderton

Oldham

OL1 2RF

REGISTERED NUMBER:

08047020 (England and Wales)

ACCOUNTANTS:

Archwood Accountants

Archwood House

46-48 Long Street

Middleton

Manchester

M24 6UQ

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

4,250

-

4,250

-

CURRENT ASSETS

Inventories

6

7,500

3,000

Debtors

7

9,356

195

Cash at bank

4,691

5,424

21,547

8,619

CREDITORS

Amounts falling due within one year

8

10,389

4,676

NET CURRENT ASSETS

11,158

3,943

TOTAL ASSETS LESS CURRENT LIABILITIES

15,408

3,943

CREDITORS

Amounts falling due after more than one year

9

(14,173

)

-

PROVISIONS FOR LIABILITIES

(808

)

-

NET ASSETS

427

3,943

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

327

3,843

SHAREHOLDERS' FUNDS

427

3,943

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 in accordance with Section 476 of the Companies Act 2006.

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.

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 director and authorised for issue on 28 January 2022 and were signed by:

G Strothers - Director

1.	STATUTORY INFORMATION

G Strothers 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.

The accounts have been prepared on the assumption that the company is a going concern. The company is supported by the director and the funds provided by him. The director has indicated his willingness to defer withdrawal of his directors loan account and as such it is reasonable to rely on it. In consideration of this support the company is a going concern.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Stocks

Inventories 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2020

and 30 April 2021

10,000

AMORTISATION

At 1 May 2020

and 30 April 2021

10,000

NET BOOK VALUE

At 30 April 2021

-

At 30 April 2020

-

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

£

COST

Additions

5,000

At 30 April 2021

5,000

DEPRECIATION

Charge for year

750

At 30 April 2021

750

NET BOOK VALUE

At 30 April 2021

4,250

6.	INVENTORIES

30.4.21

30.4.20

£

£

Stocks

7,500

3,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Other debtors

2,295

195

Directors' current accounts

7,061

-

9,356

195

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Bank loans and overdrafts

3,327

-

Trade creditors

90

1,078

Tax

5,706

2,292

Directors' current accounts

-

40

Accrued expenses

1,266

1,266

10,389

4,676

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.21

30.4.20

£

£

Bank loans - 1-2 years

3,412

-

Bank loans - 2-5 years

10,761

-

14,173

-

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2021 and 30 April 2020:

30.4.21

30.4.20

£

£

G Strothers

Balance outstanding at start of year

-

-

Amounts advanced

7,061

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,061

-