Not Cool Ltd
Not Cool Ltd
Registered number: 12136500
Financial Statements
For The Year Ended
31 August 2020
Leathley & Co - Poynton Office
Suite 2/3 Park Lane Business Centre
78 Park Lane
Poynton
Cheshire
SK12 1RE
Not Cool Ltd
Financial Statements
For The Year Ended
31 August 2020
Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Not Cool Ltd
Balance Sheet
As at
31 August 2020
Balance Sheet
Registered number:
12136500
For the year ending 31 August 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2020 | |||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible Assets | 3 |
|
|
|
|
|||
| CURRENT ASSETS | |||
| Stocks | 4 |
|
|
| Debtors | 5 |
|
|
| Cash at bank and in hand |
|
||
|
|
|||
| Creditors: Amounts Falling Due Within One Year | 6 |
( |
|
| NET CURRENT ASSETS (LIABILITIES) |
( |
||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
||
| NET ASSETS |
|
||
| CAPITAL AND RESERVES | |||
| Called up share capital | 7 |
|
|
| Profit and Loss Account |
|
||
| SHAREHOLDERS' FUNDS | 327 | ||
Page 1
Not Cool Ltd
Balance Sheet (continued)
As at
31 August 2020
Director's responsibilities
-
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
|
Director
|
|
|
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Not Cool Ltd
Notes to the Financial Statements
For The Year Ended
31 August 2020
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Fixtures & Fittings |
|
1.4.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 7
3.
Tangible Assets
| Fixtures & Fittings | |
|---|---|
| £ | |
| Cost | |
| As at
|
|
| Additions |
|
| As at
|
|
| Depreciation | |
| As at
|
|
| Provided during the period |
|
| As at
|
|
| Net Book Value | |
| As at
|
|
| As at
|
|
4.
Stocks
| 2020 | |
|---|---|
| £ | |
| Stock - finished goods |
|
|
|
|
Page 3
Not Cool Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 August 2020
5.
Debtors
| 2020 | |
|---|---|
| £ | |
| Due within one year | |
| Other debtors |
|
| VAT |
|
|
|
|
6.
Creditors: Amounts Falling Due Within One Year
| 2020 | |
|---|---|
| £ | |
| Trade creditors |
|
| Other taxes and social security |
|
| Director's loan account |
|
|
|
|
8.
General Information
Not Cool Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
12136500
. The registered office is 60 Clumber Road, Poynton, Stockport, Cheshire, SK12 1NW.
Page 4