Screen Outdoor Ltd - Accounts to registrar (filleted) - small 18.2
Screen Outdoor Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 29 February 2020 |
| for |
| Screen Outdoor Ltd |
| Screen Outdoor Ltd (Registered number: 09983945) |
| Contents of the Financial Statements |
| for the Year Ended 29 February 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Report of the Accountants | 6 |
| Screen Outdoor Ltd |
| Company Information |
| for the Year Ended 29 February 2020 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 26 Bell Street |
| Sawbridgeworth |
| Hertfordshire |
| CM21 9AN |
| Screen Outdoor Ltd (Registered number: 09983945) |
| Balance Sheet |
| 29 February 2020 |
| 29.2.20 | 28.2.19 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Share premium | 8 |
| Retained earnings | 8 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| 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 |
| Screen Outdoor Ltd (Registered number: 09983945) |
| Notes to the Financial Statements |
| for the Year Ended 29 February 2020 |
| 1. | STATUTORY INFORMATION |
| Screen Outdoor Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Bar fixture & fittings | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Screen Outdoor Ltd (Registered number: 09983945) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 February 2020 |
| 4. | TANGIBLE FIXED ASSETS |
| Bar | Fixtures |
| fixture & | and | Computer |
| fittings | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 March 2019 |
| Disposals | ( |
) | ( |
) |
| At 29 February 2020 |
| DEPRECIATION |
| At 1 March 2019 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 29 February 2020 |
| NET BOOK VALUE |
| At 29 February 2020 |
| At 28 February 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 29.2.20 | 28.2.19 |
| £ | £ |
| Trade debtors |
| Directors' current accounts | - | 1,002 |
| VAT |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 29.2.20 | 28.2.19 |
| £ | £ |
| Debentures |
| Bank loans and overdrafts |
| Trade creditors |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts | 101,900 | - |
| Accrued expenses |
| Screen Outdoor Ltd (Registered number: 09983945) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 February 2020 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 29.2.20 | 28.2.19 |
| value: | £ | £ |
| Ordinary | £1 | 134 | 134 |
| 8. | RESERVES |
| Retained | Share |
| earnings | premium | Totals |
| £ | £ | £ |
| At 1 March 2019 | ( |
) | (992,512 | ) |
| Deficit for the year | ( |
) | ( |
) |
| At 29 February 2020 | ( |
) | (1,197,781 | ) |
| 9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 29 February 2020 and 28 February 2019: |
| 29.2.20 | 28.2.19 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced | ( |
) | ( |
) |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| Along with many companies of similar size and nature the company operates a directors loan account to facilitate some of its financial transactions the movements are summarised above. |
| 10. | POST BALANCE SHEET EVENTS |
| The director's have considered the effects of the Covid-19 pandemic on their business and do not consider the financial implications to be material. As such no adjustments have been made to these financial statements. |
| 11. | GOING CONCERN |
| Although the world has been affected by the effects of an unprecedented pandemic, namely Covid-19 the director's feel that the company has not been significantly adversely affected. The company has seen all this summers events cancelled due to lockdown, but the director's feel that in their opinion the company will be able to continue in operation for at least the next 12 months and that the accounts should be prepared on a going concern basis. |
| Screen Outdoor Ltd |
| Report of the Accountants to the Director of |
| Screen Outdoor Ltd |
| The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2020 set out on pages three to eight and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| Chartered Certified Accountants |
| 26 Bell Street |
| Sawbridgeworth |
| Hertfordshire |
| CM21 9AN |