C21 Brands Limited - Accounts to registrar - small 17.1
C21 Brands Limited - Accounts to registrar - small 17.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2016 |
| for |
| C21 Brands Limited |
| C21 Brands Limited (Registered number: 07265763) |
| Contents of the Financial Statements |
| for the year ended 31 December 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| C21 Brands Limited |
| Company Information |
| for the year ended 31 December 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 10-11 Heathfield Terrace |
| London |
| W4 4JE |
| C21 Brands Limited (Registered number: 07265763) |
| Balance Sheet |
| 31 December 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS | 7 |
| 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. |
| 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 on |
| C21 Brands Limited (Registered number: 07265763) |
| Notes to the Financial Statements |
| for the year ended 31 December 2016 |
| 1. | STATUTORY INFORMATION |
| C21 Brands Limited is a |
| 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding |
| discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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 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. |
| Reconciliation with previous generally accepted accounting policies |
| In preparing the accounts we have considered whether in applying the accounting policies required |
| by FRS 102 section 1A a restatement of comparatives was needed. No restatement was required. |
| There is no change to shareholders funds brought forward. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| C21 Brands Limited (Registered number: 07265763) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2016 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2016 |
| Additions |
| At 31 December 2016 |
| DEPRECIATION |
| At 1 January 2016 |
| Charge for year |
| At 31 December 2016 |
| NET BOOK VALUE |
| At 31 December 2016 |
| At 31 December 2015 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| C21 Brands Limited (Registered number: 07265763) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2016 |
| 7. | RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS |
| 2016 | 2015 |
| £ | £ |
| Profit for the financial year |
| Dividends | ( |
) | ( |
) |
| 2,594 | (28,191 | ) |
| Opening shareholders funds | - | 43,998 |
| Net addition to shareholders' funds | 2,594 | 15,807 |
| Opening shareholders' funds | 15,807 | - |
| Closing shareholders' funds | 18,401 | 15,807 |