Contents of the Financial Statements

for the Period Ended 31 December 2019

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 December 2019

The directors present their report with the financial statements of the company for the period ended 31 December 2019

Directors

The directors shown below have held office during the whole of the period from
1 January 2019 to 31 December 2019

Peter Kaempfer
Benedikt Koester
Matthias Uhrig

The director shown below has held office during the period of
1 January 2019 to 11 June 2019

David Thomson

The director shown below has held office during the period of
1 January 2019 to 5 March 2019

David Sidlow

The director shown below has held office during the period of
5 March 2019 to 31 December 2019

James Zobrist

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 May 2021

And signed on behalf of the board by:
Name: Matthias Uhrig
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2019

	2019	2018
	£	£
Turnover:	1,548,627	1,498,863
Cost of sales:	( 1,124,052 )	( 855,180 )
Gross profit(or loss):	424,575	643,683
Distribution costs:	0	0
Administrative expenses:	( 482,363 )	( 554,797 )
Other operating income:	0	0
Operating profit(or loss):	(57,788)	88,886
Interest receivable and similar income:	0	6
Interest payable and similar charges:	( 1,973 )	0
Profit(or loss) before tax:	(59,761)	88,892
Tax:	11,841	( 15,639 )
Profit(or loss) for the financial year:	(47,920)	73,253

Balance sheet

As at 31 December 2019

	Notes	2019	2018
		£	£
Called up share capital not paid:		0	0
Fixed assets
Intangible assets:		0	0
Tangible assets:	3	646,898	410,782
Investments:		0	0
Total fixed assets:		646,898	410,782
Current assets
Stocks:	4	398,782	318,851
Debtors:	5	195,946	225,320
Cash at bank and in hand:		81,913	246,731
Investments:		0	0
Total current assets:		676,641	790,902
Prepayments and accrued income:		0	0
Creditors: amounts falling due within one year:	6	( 583,754 )	( 413,979 )
Net current assets (liabilities):		92,887	376,923
Total assets less current liabilities:		739,785	787,705
Creditors: amounts falling due after more than one year:	7	( 50,000 )	( 50,000 )
Provision for liabilities:		0	0
Accruals and deferred income:		0	0
Total net assets (liabilities):		689,785	737,705
Capital and reserves
Called up share capital:		50,000	50,000
Share premium account:		0	0
Other reserves:		199,697	199,697
Profit and loss account:		440,088	488,008
Total Shareholders' funds:		689,785	737,705

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2019

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover is stated nett of VAT and discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from Sale of Goods is recognised and the ownership is transferred in line with the sales incoterms agreed with the customer.

  Tangible fixed assets depreciation policy

  Depreciation is provided on a straight-line basis over the expected useful life of the asset

Notes to the Financial Statements

for the Period Ended 31 December 2019

• 2. Employees

  	2019	2018
  Average number of employees during the period	29	28