20/20 Mailing Equipment Ltd |
Registered Number:07810014 |
For the year ended 31 October 2021
England and Wales
Unaudited Financial Statements
For the year ended 31 October 2021
20/20 Mailing Equipment Ltd
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
20/20 Mailing Equipment Ltd
Statement of Financial Position
2020
2021
8,000
9,800
2
Trade and other receivables |
520
1,906
3
10,144
Cash and cash equivalents |
4,278
15,984
18,664
Trade and other payables: amounts falling due within one |
year |
(19,857)
(7,171)
4
(1,193)
8,813
Net current assets
Total assets less current liabilities |
8,813
(1,193)
Trade and other payables: amounts falling due after more |
than one year |
(12,000)
(22,000)
5
(13,187)
Net liabilities
(13,193)
1
1
(13,188)
(13,194)
(13,187)
(13,193)
Shareholders' funds
For the year ended 31 October 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Michael Sidney Williams Director |
These financial statements were approved and authorised for issue by the Board on 27 July 2022 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 October 2021
20/20 Mailing Equipment Ltd
Notes to the Financial Statements
Statutory Information
20/20 Mailing Equipment Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 07810014. |
Unit L Orchard Bus. Ctr. St Barnabas Close
20/20 Business Park
Allington
Kent
ME16 0JZ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration of franking machine services, excluding VAT.
Inventories
Inventories are valued at the lower of cost and net realisable value.
Post balance sheet events and going concern
Up to and after the balance sheet date we have seen global uncertainty becuase of COVID-19 (coronavirus |
pandemic). The business faced challenges due to work demand decreasing due to businesses closing over the |
lockdown periods. The company secured a bounce back loan which enabled overheads to be covered and the |
company was able to continue trading. As a result, the Director deems that it is appropriate for the accounts to be |
prepared on a going concern basis as the company has continued to operate and profitability improved. |
2020
2021
9,800
8,000
3. Trade and other receivables |
2020
2021
946
414
960
106
520
1,906
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For the year ended 31 October 2021
20/20 Mailing Equipment Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year |
2020
2021
270
-
Taxation and social security |
3,112
5,775
3,789
14,082
7,171
19,857
5. Trade and other payables: amounts falling due after more than one year |
2020
2021
22,000
12,000
6. Average number of persons employed |
During the year the average number of employees was 2 (2020 : 2)
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