Accounts filed on 30-06-2021


ACCOUNTS
FOR THE YEAR ENDED 30/06/2021





DIRECTORS
Anthony Groom
Sarah Groom



SECRETARY
Sarah Groom


REGISTERED OFFICE
Blythe Farm
Mill Street
Gamlingay
Bedfordshire
SG19 3JW


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02808961



ACCOUNTANTS
Anstee Gorst
Unit 4 Eaton Court
Colmworth Business Park
Eaton Socon
Cambridgeshire
PE19 8ER


ACCOUNTS
FOR THEYEARENDED30/06/2021



CONTENTS



		Page

Directors' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30/06/2021

			2021		2020
	Notes		£		£

FIXED ASSETS
Tangible assets	3		1,958		52

CURRENT ASSETS
Stock		250		500
Debtors	5	6,950		6,900
Cash at bank and in hand		40,363		58,521
		47,563		65,921
CREDITORS: Amounts falling due within one year	6	24,232		36,147
NET CURRENT ASSETS			23,331		29,774
TOTAL ASSETS LESS CURRENT LIABILITIES			25,289		29,826


CREDITORS: Amounts falling due after more than one year	7		11,750		-


PROVISIONS FOR LIABILITIES AND CHARGES	9		361		-

NET ASSETS			13,178		29,826

CAPITAL AND RESERVES

Called up share capital	10		2		2
Profit and loss account			13,176		29,824
SHAREHOLDERS' FUNDS			13,178		29,826

For the year ending 30/06/2021 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 08/02/2022 and signed on their behalf by



.............................
Anthony Groom
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 25%
Fixtures and Fittings		reducing balance 25%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




5. DEBTORS	2021	2020
	£	£
Amounts falling due within one year
Trade debtors	6,800	400
Prepayments	150	150
Accrued income	-	350
Sarah Groom loan	-	6,000
	6,950	6,900




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2021	2020
	£	£
UK corporation tax	12,985	13,255
PAYE control	13	-
Bank loans and overdrafts	1,091	2,232
Loans	3,000	15,000
Loans	1,041	-
Trade creditors	-	36
Other creditors	5,027	4,568
Accruals	1,075	1,056
	24,232	36,147




7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2021	2020
	£	£
Loans >1yr	11,750	-
	11,750	-




10. SHARE CAPITAL	2021	2020
	£	£
Allotted, issued and fully paid:
1 Ordinary shares of £1 each	1	1
1 A Ordinary shares of £1 each	1	1
	2	2

New shares issued during period:
1 Ordinary shares of £1 each	1	1
1 A Ordinary shares of £1 each	1	1




11. CONTROLLING PARTY
The controlling parties are Sarah Groom and Sophia Groom, the shareholders of the company

12. RELATED PARTY TRANSACTIONS

At the end of the period the amount of £5,027 was owed to K2 Partners Ltd, a related party, for consultancy services.(2020 - 4,567)