Fantasy Prints Ltd Filleted accounts for Companies House (small and micro)
Fantasy Prints Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
SC240138
|
|
For the year ended |
|
|
Statement of Financial Position |
2019 |
2018 |
||
Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
|
|
|
Current assets
Stocks |
|
|
||
Debtors |
6 |
|
|
|
Cash at bank and in hand |
|
|
||
------------ |
------------ |
|||
|
|
|||
Creditors: amounts falling due within one year |
7 |
|
|
|
------------ |
------------ |
|||
Net current assets |
|
|
||
------------ |
------------ |
|||
Total assets less current liabilities |
|
|
||
Creditors: amounts falling due after more than one year |
8 |
|
|
|
Provisions
Taxation including deferred tax |
|
|
|
------------ |
------------ |
||
Net assets |
|
|
|
------------ |
------------ |
||
Capital and reserves
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
--------- |
--------- |
||
Shareholders funds |
|
|
|
--------- |
--------- |
||
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Directors' responsibilities:
-
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
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
4 August 2020
, and are signed on behalf of the board by:
|
Director |
Company registration number:
SC240138
|
Notes to the Financial Statements |
Year ended 30 November 2019
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Commercial Bank Building, Market Square, Duns, Berwickshire, TD11 3AL.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Corporation 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:
Plant & Machinery |
- |
|
|
Fixtures & Fittings |
- |
|
|
Motor Vehicles |
- |
|
|
Office Equipment |
- |
|
|
Website |
- |
|
|
Impairment of fixed assets
Stocks
Finance leases and hire purchase contracts
Provisions
Financial instruments
Defined contribution plans
4.
Particulars of employees
The average number of persons employed by the company during the year amounted to
27
(2018:
27
).
5.
Tangible assets
Land and buildings |
Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
User defined asset |
Total |
|
£ |
£ |
£ |
£ |
£ |
£ |
|
Cost |
||||||
At 1 Dec 2018 |
|
|
|
|
|
|
Disposals |
– |
(
|
– |
– |
– |
(
|
-------- |
--------- |
-------- |
-------- |
-------- |
--------- |
|
At 30 Nov 2019 |
|
|
|
|
|
|
-------- |
--------- |
-------- |
-------- |
-------- |
--------- |
|
Depreciation |
||||||
At 1 Dec 2018 |
– |
|
|
|
|
|
Charge for the year |
– |
|
|
|
|
|
Disposals |
– |
(
|
– |
– |
– |
(
|
-------- |
--------- |
-------- |
-------- |
-------- |
--------- |
|
At 30 Nov 2019 |
– |
|
|
|
|
|
-------- |
--------- |
-------- |
-------- |
-------- |
--------- |
|
Carrying amount |
||||||
At 30 Nov 2019 |
|
|
|
|
|
|
-------- |
--------- |
-------- |
-------- |
-------- |
--------- |
|
At 30 Nov 2018 |
|
|
|
|
|
|
-------- |
--------- |
-------- |
-------- |
-------- |
--------- |
|
6.
Debtors
2019 |
2018 |
|
£ |
£ |
|
Trade debtors |
|
|
Other debtors |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
7.
Creditors:
amounts falling due within one year
2019 |
2018 |
|
£ |
£ |
|
Trade creditors |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
Other creditors |
|
– |
Other creditors |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
8.
Creditors:
amounts falling due after more than one year
2019 |
2018 |
|
£ |
£ |
|
Other creditors |
|
|
--------- |
--------- |
|
9.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2019 |
|||||
Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
||
£ |
£ |
£ |
£ |
||
|
|
|
(
|
|
|
|
(
|
|
(
|
(
|
|
-------- |
-------- |
-------- |
-------- |
||
|
|
(
|
|
||
-------- |
-------- |
-------- |
-------- |
||
2018 |
|||||
Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
||
£ |
£ |
£ |
£ |
||
|
|
|
(
|
|
|
|
(
|
|
(
|
(
|
|
-------- |
-------- |
-------- |
-------- |
||
|
|
(
|
|
||
-------- |
-------- |
-------- |
-------- |
||
10.
Controlling party
The company was under the control of
Miss S McMorn
throughout the previous and current year. Miss S McMorn
is the managing director and majority shareholder.