Annetta Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05808918 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Annetta Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss L Farish

S I Wallace

SECRETARY:

Miss L Farish

REGISTERED OFFICE:

1 Rowlands view

Utkinton

Cheshire

CW6 0LN

REGISTERED NUMBER:

05808918 (England and Wales)

ACCOUNTANTS:

Stuart Gordon Chartered Accountant

1 Rowlands View,

Utkinton,

Cheshire

CW6 0LN

FIXED ASSETS

Intangible assets

4

9,712

11,332

Tangible assets

5

5,660

7,547

15,372

18,879

CURRENT ASSETS

Stocks

2,100

3,004

Debtors

6

8,373

3,969

Cash at bank and in hand

14,363

19,005

24,836

25,978

CREDITORS

Amounts falling due within one year

7

22,012

27,734

NET CURRENT ASSETS/(LIABILITIES)

2,824

(1,756

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,196

17,123

CREDITORS

Amounts falling due after more than one year

8

3,466

6,294

NET ASSETS

14,730

10,829

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

14,630

10,729

SHAREHOLDERS' FUNDS

14,730

10,829

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2020 and were signed on its behalf by:

Miss L Farish - Director

1.	STATUTORY INFORMATION

Annetta 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

25% on cost and 25% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

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

sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

32,385

AMORTISATION

At 1 April 2019

21,053

Charge for year

1,620

At 31 March 2020

22,673

NET BOOK VALUE

At 31 March 2020

9,712

At 31 March 2019

11,332

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

and 31 March 2020

14,876

DEPRECIATION

At 1 April 2019

7,329

Charge for year

1,887

At 31 March 2020

9,216

NET BOOK VALUE

At 31 March 2020

5,660

At 31 March 2019

7,547

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

8,373

3,969

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Hire purchase contracts

2,829

2,829

Trade creditors

5,432

5,649

Taxation and social security

6,423

6,523

Other creditors

7,328

12,733

22,012

27,734

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Hire purchase contracts

3,466

6,294

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2020 and

31 March 2019:

31.3.20

31.3.19

£

£

Miss L Farish

Balance outstanding at start of year

11,433

7,214

Amounts advanced

(5,405

)

4,219

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,028

11,433