Accounts filed on 30-06-2021


Registered number: 5389945






Kentmere Gallery Limited


ACCOUNTS

FOR THE YEAR ENDED 30/06/2021
























Prepared By:
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY


ACCOUNTS
FOR THE YEAR ENDED 30/06/2021





DIRECTORS
P Hill


REGISTERED OFFICE
Lake Road
Ambleside
Cumbria
LA22 0AD


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 5389945



ACCOUNTANTS
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY


ACCOUNTS
FOR THEYEARENDED30/06/2021



CONTENTS



		Page

Directors' Report		-

Accountants' 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

CURRENT ASSETS
Stock		1,362		2,022
Debtors	5	3,901		8,748
Cash at bank and in hand		32,609		3,421
		37,872		14,191
CREDITORS: Amounts falling due within one year	6	21,273		12,973
NET CURRENT ASSETS			16,599		1,218
TOTAL ASSETS LESS CURRENT LIABILITIES			16,599		1,218

CAPITAL AND RESERVES

Called up share capital	7		100		100
Profit and loss account			16,499		1,118
SHAREHOLDERS' FUNDS			16,599		1,218

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 31/01/2022 and signed on their behalf by



.............................
P Hill
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 section 1A - 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.

Fixtures and Fittings		15%


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.


5. DEBTORS	2021	2020
	£	£
Amounts falling due within one year
Directors current account	3,901	7,968
	3,901	7,968


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2021	2020
	£	£
UK corporation tax	10,023	1,723
Bank Loan	11,250	11,250
	21,273	12,973


7. SHARE CAPITAL	2021	2020
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100