AbraxasCookshop Limited Company Accounts
AbraxasCookshop Limited Company Accounts
COMPANY REGISTRATION NUMBER:
05324781
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Financial Statements |
Year ended 31 March 2018
Contents |
Pages |
Officers and professional advisers |
1 |
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
2 |
Statement of financial position |
3 to 4 |
Notes to the financial statements |
5 to 8 |
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Officers and Professional Advisers |
The board of directors |
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Company secretary |
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Registered office |
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Accountants |
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Chartered Certified Accountants |
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Warwick & Coventry |
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Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 31 March 2018
Warwick & Coventry
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Statement of Financial Position |
2018 |
2017 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
4 |
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Current assets
Stocks |
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Debtors |
5 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
6 |
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Net current assets |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
20 September 2018
, and are signed on behalf of the board by:
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Director |
Company registration number:
05324781
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Notes to the Financial Statements |
Year ended 31 March 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Jury Street, Warwick, CV34 4EW. The company trades from 23 Cornhill, Market Place, Banbury, Oxfordshire, OX16 5NG.
2.
Accounting policies
Basis of preparation
Judgements in applying accounting policies and key sources of estimation in uncertainty
In preparing these financial statements the directors have had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. The estimates and associated assumptions are based on historic experience and various other factors that are believed to be reasonable under the circumstances. Actual results may differ from these estimates. For this reporting date there are no significant judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of the assets and liabilities.
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Furniture and Fixtures |
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Office Equipment |
- |
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Impairment of fixed assets
Stocks
Provisions
Defined contribution plans
3.
Employee numbers
The average number of persons employed by the company during the year amounted to
8
(2017:
7
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4.
Tangible assets
Land and buildings |
Fixtures and fittings |
Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 April 2017 and 31 March 2018 |
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Depreciation |
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At 1 April 2017 |
– |
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Charge for the year |
– |
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------- |
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At 31 March 2018 |
– |
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Carrying amount |
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At 31 March 2018 |
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At 31 March 2017 |
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5.
Debtors
2018 |
2017 |
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£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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6.
Creditors:
amounts falling due within one year
2018 |
2017 |
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£ |
£ |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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7.
Financial instruments at fair value
8.
Directors' advances, credits and guarantees
At the reporting date the directors loan accounts were in debit by £21,897 (2017: £21,259). There is no fixed term and interest is charged at 3%. Transactions can be summarised as follows: Opening Balance brought forward £21,260 Interest at 3% 637 Closing Balance carried forward £21,897
9.
Related party transactions
The company was under the control of
H.M. Sparrow
and S.E. George
during the current and previous period.