John Minshaw Designs Limited - Accounts to registrar (filleted) - small 18.2

John Minshaw Designs Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 01329284(England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2018

FOR

JOHN MINSHAW DESIGNS LIMITED

JOHN MINSHAW DESIGNS LIMITED (REGISTERED NUMBER: 01329284)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

JOHN MINSHAW DESIGNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2018







DIRECTORS: J Minshaw
S Minshaw





SECRETARY: S Minshaw





REGISTERED OFFICE: Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH





REGISTERED NUMBER: 01329284(England and Wales)





ACCOUNTANTS: KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH

JOHN MINSHAW DESIGNS LIMITED (REGISTERED NUMBER: 01329284)

BALANCE SHEET
30 NOVEMBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,090 6,024

CURRENT ASSETS
Stocks 130,771 114,133
Debtors 5 111,602 26,095
Cash at bank and in hand 230,036 206,743
472,409 346,971
CREDITORS
Amounts falling due within one year 6 49,616 18,933
NET CURRENT ASSETS 422,793 328,038
TOTAL ASSETS LESS CURRENT
LIABILITIES

427,883

334,062

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 427,783 333,962
SHAREHOLDERS' FUNDS 427,883 334,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors on 29 August 2019and were
signed on its behalf by:





J Minshaw- Director


JOHN MINSHAW DESIGNS LIMITED (REGISTERED NUMBER: 01329284)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2018


1. STATUTORY INFORMATION

John Minshaw Designs Limited is a private company, limited by shares, registered in England and Wales. The
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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for the provision of services,
net of discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before
revenue is recognised:

Rendering of services
Revenue from provision of services is recognised in the period in which the services are provided in accordance
with the stage of completion of the contract when all the following conditions are satisfied:

i) the amount of revenue can be measured reliably;
ii) it is probable that the company will receive the consideration due under the contract;
iii) the stage of completion of the contract at the end of the reporting period can be measured reliably; and
iv) the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost
includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its
intended use, dismantling and restoration costs.

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in
circumstances indicate the carrying value may not be recoverable.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if
appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are
recognised within the profit and loss account.

Stocks
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is
reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit
and loss.

JOHN MINSHAW DESIGNS LIMITED (REGISTERED NUMBER: 01329284)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2018


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period
for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is
recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an
enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise
the asset and settle the liability simultaneously.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the
arrangement constitutes a financing transaction, where the transaction is measured at the present value of the
future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost
using the effective interest method.

Cash and cash equivalents
Cash includes cash in hand, deposits held with banks. Cash equivalents are highly liquid investments that are
readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditor, loans from third parties and loans from related
parties, are initially recognised at transaction price, unless the arrangement constitute a financing transaction,
where the debt instrument is measured at the present value of the future payments discounted at a market rate
of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less
impairment.

Taxation
Taxation for the year comprises corporation tax. Tax is recognised in the Profit and Loss account, except to the
extent that it relates to items recognised in other comprehensive income or directly in equity.

Corporation tax is not discounted.

Corporation tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted
or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4(2017 - 4) .

JOHN MINSHAW DESIGNS LIMITED (REGISTERED NUMBER: 01329284)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2018


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2017 18,664 11,884 30,548
Additions 540 2,035 2,575
Disposals (534 ) (932 ) (1,466 )
At 30 November 2018 18,670 12,987 31,657
DEPRECIATION
At 1 December 2017 14,742 9,782 24,524
Charge for year 892 2,398 3,290
Eliminated on disposal (315 ) (932 ) (1,247 )
At 30 November 2018 15,319 11,248 26,567
NET BOOK VALUE
At 30 November 2018 3,351 1,739 5,090
At 30 November 2017 3,922 2,102 6,024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 100,761 6,264
Other debtors 2,340 2,340
Prepayments and accrued income 8,501 17,491
111,602 26,095

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 1,947 290
Tax 23,555 373
VAT 2,965 11,469
Other creditors 4,283 1,835
Directors' current accounts 432 587
Accrued expenses 16,434 4,379
49,616 18,933

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
JOHN MINSHAW DESIGNS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only
required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other
primary statements and the Report of the Directors are not required to be filed with the Registrar of
Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of John Minshaw Designs Limited for the year ended 30 November 2018 which comprise the Profit
and Loss account, Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of John Minshaw Designs Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of John Minshaw Designs Limited and state those matters that we have agreed to state to the Board of Directors of John Minshaw Designs Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than John Minshaw Designs Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that John Minshaw Designs Limited 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 John Minshaw Designs Limited. You consider that John Minshaw Designs Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of John Minshaw Designs Limited. 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 financial statements.






KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH


29 August 2019