Bluecoat Display Centre (Trading) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07288287 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

BLUECOAT DISPLAY CENTRE (TRADING) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Rhodes

A Whittaker

REGISTERED OFFICE:

America House

Rumford Court

Rumford Place

Liverpool

L3 9DD

REGISTERED NUMBER:

07288287 (England and Wales)

ACCOUNTANTS:

Malthouse & Company

America House, Rumford Court

Rumford Place

Liverpool

Merseyside

L3 9DD

CURRENT ASSETS

Stocks

4

6,342

9,044

Debtors

5

355

635

Cash at bank and in hand

1,475

39,584

8,172

49,263

CREDITORS

Amounts falling due within one year

6

8,071

49,162

NET CURRENT ASSETS

101

101

TOTAL ASSETS LESS CURRENT LIABILITIES

101

101

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

100

100

SHAREHOLDERS' FUNDS

101

101

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 25 March 2021 and were signed on its behalf by:

S Rhodes - Director

1.	STATUTORY INFORMATION

Bluecoat Display Centre (Trading) Ltd 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 represents amounts invoiced during the year and is derived from sales of crafts, excluding value added tax.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the statement of financial activities on a straight line basis of the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable are charged to the profit & loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.

STOCKS

31.3.20

31.3.19

£

£

Stocks

6,342

9,044

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Intercompany loan

355

-

Prepayments and accrued income

-

635

355

635

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

813

5,347

Other creditors

4,310

5,452

Accrued expenses

2,948

3,120

Intercompany loan

-

35,243

8,071

49,162

Other creditors include the following balances:

31.3.20

31.3.19

£

£

Social Security and other taxes

136

1,991

Deposits

4,174

3,461

4,310

5,452

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

1

Ordinary

£1

1

1

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY