Simply CBD Limited,Ltd - AccountsLtd - Accounts

Simply CBD Limited,Ltd - AccountsLtd - Accounts

SIMPLY CBD LIMITED - Company Information

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2020-06-01 11218219 2021-05-31 11218219 2020-06-01 2021-05-31 11218219 2020-05-31 11218219 2019-03-01 2020-05-31 11218219 uk-core:WithinOneYear 2020-05-31 11218219 uk-core:WithinOneYear 2021-05-31 11218219 uk-core:ShareCapital 2021-05-31 11218219 uk-core:ShareCapital 2020-05-31 11218219 uk-core:RetainedEarningsAccumulatedLosses 2021-05-31 11218219 uk-core:RetainedEarningsAccumulatedLosses 2020-05-31 11218219 uk-bus:Director1 2020-06-01 2021-05-31 11218219 uk-core:OfficeEquipment 2020-05-31 11218219 uk-core:CommercialMotorVehicles 2020-05-31 11218219 uk-core:OfficeEquipment 2020-06-01 2021-05-31 11218219 uk-core:CommercialMotorVehicles 2020-06-01 2021-05-31 11218219 uk-core:CommercialMotorVehicles 2021-05-31 11218219 uk-core:OfficeEquipment 2021-05-31 iso4217:GBP xbrli:pure 11218219 uk-bus:AuditExemptWithAccountantsReport 2020-06-01 2021-05-31 11218219 uk-bus:FRS102 2020-06-01 2021-05-31 11218219 uk-bus:FullAccounts 2020-06-01 2021-05-31 11218219 uk-bus:PrivateLimitedCompanyLtd 2020-06-01 2021-05-31
Simply CBD Limited
Registered Number:11218219
For the year ended 31 May 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2021
Simply CBD Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
11218219
As at 31 May 2021
Simply CBD Limited
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
13,919
16,927
2
13,919
16,927
Current assets
Inventories
110,473
164,440
3
Trade and other receivables
17,936
587,982
4
755,794
Cash and cash equivalents
25,291
777,713
884,203
Trade and other payables: amounts falling due within one
year
(541,687)
(242,112)
5
342,516
535,601
Net current assets
Total assets less current liabilities
549,520
359,443
(5,861)
(3,216)
Provisions for liabilities
543,659
Net assets
356,227
Capital and reserves
Called up share capital
100
100
Retained earnings
543,559
356,127
543,659
356,227
Shareholders' funds
For the year ended 31 May 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Christopher Ian Stone Director
These financial statements were approved and authorised for issue by the Board on 28 February 2022 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 May 2021
Simply CBD Limited
Notes to the Financial Statements
Statutory Information
Simply CBD Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 11218219.
Principal place of business:
Unit 1H Thorn Business Park
Rotherwas
Hereford
HR2 6JT
Registered address:
4 The Sheepcote Monks Orchard
Lumber Lane Lugwardine
Hereford
HR1 4AG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Office
Equipment
Motor Vehicles
£
£
£
Cost or
valuation
At 01 June 2020
18,424
4,441
13,983
1,515
1,515
-
Additions
At 31 May 2021
13,983
5,956
19,939
Provision for depreciation and impairment
At 01 June 2020
1,497
265
1,232
Charge for year
4,523
1,723
2,800
At 31 May 2021
6,020
1,988
4,032
At 31 May 2021
Net book value
9,951
3,968
13,919
At 31 May 2020
12,751
4,176
16,927
2 of 3
5
For the year ended 31 May 2021
Simply CBD Limited
Notes to the Financial Statements Continued
3. Inventories
2020
2021
£
£
Stocks
164,440
110,473
4. Trade and other receivables
2020
2021
£
£
Trade debtors
22,619
15,425
Other debtors
565,363
2,511
17,936
587,982
5. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Trade creditors
60,533
119,102
Taxation and social security
84,116
277,713
Other creditors
97,463
144,872
242,112
541,687
6. Average number of persons employed
During the year the average number of employees was 8 (2020 : 4)
3 of 3