BUNTY_&_CO._(YORK)_LTD - Accounts

BUNTY & CO. (YORK) LIMITED - Company Information

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Company Registration No. 05821721 (England and Wales)

BUNTY & CO. (YORK) LTD

DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2016

BUNTY & CO. (YORK) LTD

COMPANY INFORMATION

Director

Ms NJ Scott

Company number

05821721

Registered office

Cedar Lodge

York Road

Shiptonthorpe

York

YO43 3PH

Accountants

DAH Accountancy Services Limited

Cedar Lodge

York Road

Shiptonthorpe

York

YO43 3PH

Business address

59 Market Place

Pocklington

York

YO42 2AL

BUNTY & CO. (YORK) LTD

CONTENTS

Page

Director's report

Accountants' report

Profit and loss account

Balance sheet

Notes to the financial statements

5 - 6

BUNTY & CO. (YORK) LTD

DIRECTOR'S REPORT

FOR THE PERIOD ENDED 31 JULY 2016

- 1 -

The director presents her report and unaudited financial statements for the period ended 31 July 2016. The company is dormant and has not traded during the period.

Principal activities

The principal activity of the company continued to be that of a clothes shop.

Director

The following director has held office since 1 June 2016:

Ms NJ Scott

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

Ms NJ Scott

Director

7 September 2016

BUNTY & CO. (YORK) LTD

CHARTERED MANAGEMENT ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BUNTY & CO. (YORK) LTD FOR THE PERIOD ENDED 31 JULY 2016

- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bunty & Co. (York) Ltd for the period ended 31 July 2016 set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at www.cimaglobal.com/professional-ethics.

This report is made solely to the Board of Directors of Bunty & Co. (York) Ltd, as a body, in accordance with the terms of our engagement letter dated 11 May 2012. Our work has been undertaken solely to prepare for your approval the financial statements of Bunty & Co. (York) Ltd and state those matters that we have agreed to state to the Board of Directors of Bunty & Co. (York) Ltd, as a body, in this report in accordance with the guidance of CIMA as detailed at www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bunty & Co. (York) Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Bunty & Co. (York) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bunty & Co. (York) Ltd. You consider that Bunty & Co. (York) Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Bunty & Co. (York) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

DAH Accountancy Services Limited

7 September 2016

Chartered Management Accountants

Cedar Lodge

York Road

Shiptonthorpe

York

YO43 3PH

BUNTY & CO. (YORK) LTD

PROFIT AND LOSS ACCOUNT

FOR THE PERIOD ENDED 31 JULY 2016

- 3 -

Period

ended

31 July

31 May

2016

Notes

Turnover

12,238

97,885

Cost of sales

(2,747)

(50,201)

Gross profit

9,491

47,684

Distribution costs

(142)

(1,081)

Administrative expenses

(3,462)

(101,647)

Profit/(loss) on ordinary activities before taxation

5,887

(55,044)

Tax on profit/(loss) on ordinary activities

Profit/(loss) for the period

5,887

(55,044)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

There are no recognised gains and losses other than those passing through the profit and loss account.

BUNTY & CO. (YORK) LTD

BALANCE SHEET

AS AT

31 JULY 2016

- 4 -

2016

Notes

Current assets

Creditors: amounts falling due within one year

(123,127)

(129,014)

Total assets less current liabilities

(123,127)

(129,014)

Capital and reserves

Called up share capital

100

Profit and loss account

(123,227)

(129,114)

Shareholder's funds

(123,127)

(129,014)

For the financial period ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 7 September 2016

Ms NJ Scott

Director

Company Registration No. 05821721

BUNTY & CO. (YORK) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2016

- 5 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33% on cost

Fixtures, fittings & equipment

10% reducing balance

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Operating profit/(loss)

2016

Operating profit/(loss) is stated after charging:

Loss on disposal of tangible assets

17,435

Director's remuneration

950

8,370

Taxation

2016

Total current tax

Factors affecting the tax charge for the period

Profit/(loss) on ordinary activities before taxation

5,887

(55,044)

Profit/(loss) on ordinary activities before taxation multiplied by standard rate of UK corporation tax of 0% (2016 - 0%)

Tax losses utilised

(3,638)

Current tax charge for the period

BUNTY & CO. (YORK) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE PERIOD ENDED 31 JULY 2016

- 6 -

Creditors: amounts falling due within one year

2016

Bank loans and overdrafts

1,049

3,079

Trade creditors

7,619

Taxation and social security

831

1,233

Other creditors

113,628

117,083

123,127

129,014

Share capital

2016

Allotted, called up and fully paid

24 Ordinary A of £1 each

76 Ordinary B of £1 each

100

Statement of movements on profit and loss account

Profit and loss
account

Balance at 1 June 2016

(129,114)

Profit for the period

5,887

Balance at 31 July 2016

(123,227)

Reconciliation of movements in Shareholder's funds

2016

Profit/(Loss) for the financial period

5,887

(55,044)

Opening Shareholder's funds

(129,014)

(73,970)

Closing Shareholder's funds

(123,127)

(129,014)

Control

During the period the company was controlled by Ms NJ Scott.