Extreme Mailing House Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10704121 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2021

for

Extreme Mailing House Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms M Millar

BA Millar

REGISTERED OFFICE:

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

REGISTERED NUMBER:

10704121 (England and Wales)

ACCOUNTANTS:

Lawrence & Company

Chartered Certified Accountants

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

FIXED ASSETS

Tangible assets

4

756

803

CURRENT ASSETS

Debtors

5

20,477

54,045

Cash at bank

126,340

23,222

146,817

77,267

CREDITORS

Amounts falling due within one year

6

122,453

51,173

NET CURRENT ASSETS

24,364

26,094

TOTAL ASSETS LESS CURRENT LIABILITIES

25,120

26,897

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

25,020

26,797

SHAREHOLDERS' FUNDS

25,120

26,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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 30 May 2021 and were signed on its behalf by:

Ms M Millar - Director

1.	STATUTORY INFORMATION

Extreme Mailing House 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 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

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 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 May 2020

1,787

Additions

206

At 30 April 2021

1,993

DEPRECIATION

At 1 May 2020

984

Charge for year

253

At 30 April 2021

1,237

NET BOOK VALUE

At 30 April 2021

756

At 30 April 2020

803

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Trade debtors

19,958

44,793

VAT

519

9,252

20,477

54,045

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Bank loans and overdrafts

50,000

-

Trade creditors

56,854

29,572

Tax

13,757

20,065

Directors' current accounts

342

86

Accrued expenses

1,500

1,450

122,453

51,173

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.21

30.4.20

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 May 2020

26,797

Profit for the year

58,023

Dividends

(59,800

)

At 30 April 2021

25,020

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2021 and 30 April 2020:

30.4.21

30.4.20

£

£

Ms M Millar

Balance outstanding at start of year

(86

)

(326

)

Amounts advanced

(5,312

)

(70,200

)

Amounts repaid

5,740

70,440

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

342

(86

)

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £59,800 (2020 - £137,620) were paid to the directors .

11.	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

12.	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 saw an initial down turn in work, as exhibitions were put on hold, but things have gradually picked up as people prepare for the end of lockdown.Therefore 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.