Snowdonia Spirit Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10832737 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2019

for

Snowdonia Spirit Company Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

I S Boyd

M Trevena

REGISTERED OFFICE:

9 Grandfield Avenue

Radcliffe-On-Trent

Nottinghamshire

NG12 1AL

REGISTERED NUMBER:

10832737 (England and Wales)

ACCOUNTANTS:

Hill & Roberts

50 High Street

Mold

Flintshire

CH7 1BH

FIXED ASSETS

Tangible assets

4

650

975

CURRENT ASSETS

Stocks

14,115

12,818

Debtors

5

2,534

436

Cash at bank

6,348

1,733

22,997

14,987

CREDITORS

Amounts falling due within one year

6

51,792

28,248

NET CURRENT LIABILITIES

(28,795

)

(13,261

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(28,145

)

(12,286

)

PROVISIONS FOR LIABILITIES

124

185

NET LIABILITIES

(28,269

)

(12,471

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(28,369

)

(12,571

)

(28,269

)

(12,471

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2020 and were signed on its behalf by:

M Trevena - Director

1.	STATUTORY INFORMATION

Snowdonia Spirit Company 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, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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 have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2018

and 30 June 2019

1,300

DEPRECIATION

At 1 July 2018

325

Charge for year

325

At 30 June 2019

650

NET BOOK VALUE

At 30 June 2019

650

At 30 June 2018

975

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

825

-

Other debtors

1,709

436

2,534

436

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

373

6,613

Other creditors

51,419

21,635

51,792

28,248