Gareth Burns Limited - Accounts to registrar (filleted) - small 18.2

Gareth Burns Limited - Accounts to registrar (filleted) - small 18.2

GARETH BURNS LIMITED - Company Information

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REGISTERED NUMBER: 06066404 (England and Wales)



Unaudited Financial Statements

for the Year Ended 31st January 2020

for

Gareth Burns Limited
Gareth Burns Limited (Registered number: 06066404)






Contents of the Financial Statements
for the Year Ended 31st January 2020




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Gareth Burns Limited

Company Information
for the Year Ended 31st January 2020







DIRECTOR: G A Burns





SECRETARY: Mrs G H Burns





REGISTERED OFFICE: 6 Manchester Road
Buxton
Derbyshire
SK17 6SB





REGISTERED NUMBER: 06066404 (England and Wales)





ACCOUNTANTS: Laytons
Chartered Accountants
6 Manchester Road
Buxton
Derbyshire
SK17 6SB
Page 1
Gareth Burns Limited (Registered number: 06066404)

Abridged Balance Sheet
31st January 2020

31.1.20 31.1.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,802 89

CURRENT ASSETS
Stocks 250 208
Cash at bank 1,698 6,410
1,948 6,618
CREDITORS
Amounts falling due within one year 5,289 6,597
NET CURRENT (LIABILITIES)/ASSETS (3,341 ) 21
TOTAL ASSETS LESS CURRENT
LIABILITIES
11,461
110

CREDITORS
Amounts falling due after more than one
year
8,190
-
NET ASSETS 3,271 110

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,171 10
SHAREHOLDERS' FUNDS 3,271 110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st January 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 23rd October 2020 and were signed by:




G A Burns - Director


The notes form part of these financial statements

Page 2
Gareth Burns Limited (Registered number: 06066404)

Notes to the Financial Statements
for the Year Ended 31st January 2020

1. STATUTORY INFORMATION

Gareth Burns 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st February 2019 970
Additions 16,154
At 31st January 2020 17,124
DEPRECIATION
At 1st February 2019 881
Charge for year 1,441
At 31st January 2020 2,322
NET BOOK VALUE
At 31st January 2020 14,802
At 31st January 2019 89

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year ended 31st January 2020, the company owed £51 (2019: £4,909) to the director Mr G Burns. The loan is interest free and repayable on demand.

Page 3