Addspace Building Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08473292 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2020

for

Addspace Building Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

W R S Fulham

REGISTERED OFFICE:

First Floor Office

Westerham Garage

190 London Road

Westerham

Kent

TN16 2DJ

REGISTERED NUMBER:

08473292 (England and Wales)

ACCOUNTANTS:

AFS Accountants

First Floor Office

Westerham Garage

190 London Road

Westerham

Kent

TN16 2DJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

(1,239

)

(844

)

(1,239

)

(844

)

CURRENT ASSETS

Stocks

62,000

98,000

Cash at bank and in hand

83,797

65,796

145,797

163,796

CREDITORS

Amounts falling due within one year

6

130,858

80,088

NET CURRENT ASSETS

14,939

83,708

TOTAL ASSETS LESS CURRENT LIABILITIES

13,700

82,864

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

13,698

82,862

13,700

82,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 11 January 2021 and were signed by:

W R S Fulham - Director

1.	STATUTORY INFORMATION

Addspace Building 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 2013, is being amortised evenly over its estimated useful life of five 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 3 (2019 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2019

and 30 April 2020

10,000

AMORTISATION

At 1 May 2019

and 30 April 2020

10,000

NET BOOK VALUE

At 30 April 2020

-

At 30 April 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2019

and 30 April 2020

24,410

DEPRECIATION

At 1 May 2019

25,254

Charge for year

395

At 30 April 2020

25,649

NET BOOK VALUE

At 30 April 2020

(1,239

)

At 30 April 2019

(844

)

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Bank loans and overdrafts

57,669

17,451

Trade creditors

2

1

Taxation and social security

19,949

38,137

Other creditors

53,238

24,499

130,858

80,088