EDMUND RIEDL LTD - Filleted accounts

EDMUND RIEDL LTD - Filleted accounts


Registered number
11679000
EDMUND RIEDL LTD
Filleted Accounts
30 November 2019
EDMUND RIEDL LTD
Registered number: 11679000
Balance Sheet
as at 30 November 2019
Notes 2019
£
Fixed assets
Tangible assets 3 1,488
Current assets
Stocks 13,809
Debtors 4 82
Cash at bank and in hand 412
14,303
Creditors: amounts falling due within one year 5 (18,539)
Net current liabilities (4,236)
Net liabilities (2,748)
Capital and reserves
Called up share capital 100
Profit and loss account (2,848)
Shareholder's funds (2,748)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Andrzej Zygmunt Riedl
Director
Approved by the board on 28 October 2020
EDMUND RIEDL LTD
Notes to the Accounts
for the period from 15 November 2018 to 30 November 2019
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and IT equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2019
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 1,860
At 30 November 2019 1,860
Depreciation
Charge for the period 372
At 30 November 2019 372
Net book value
At 30 November 2019 1,488
4 Debtors 2019
£
Prepayments and accrued income 82
5 Creditors: amounts falling due within one year 2019
£
Accruals and deferred income 960
Other creditors 17,579
18,539
6 Other information
EDMUND RIEDL LTD is a private company limited by shares and incorporated in England. Its registered office is:
9 Station Parade
Uxbridge Road
London
W5 3LD
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