Columbus Cabinets Ltd Filleted accounts for Companies House (small and micro)

COLUMBUS CABINETS LTD - Company Information

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COMPANY REGISTRATION NUMBER: 08151744

Columbus Cabinets Ltd

Filleted Unaudited Accounts

31 December 2021

Columbus Cabinets Ltd

Accounts

Year ended 31 December 2021

Contents	Page

Statement of financial position	1

Notes to the accounts	2

Columbus Cabinets Ltd

Statement of Financial Position

31 December 2021

		2021		2020
Note		£	£	£
Creditors: amounts falling due within one year	4	–		( 245,985)
		----		---------
Net current liabilities			–	( 245,985)
			----	---------
Total assets less current liabilities			–	( 245,985)
			----	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 1)	( 245,986)
	----	---------
Shareholder deficit	–	( 245,985)
	----	---------

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;

- 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 were approved by the board of directors and authorised for issue on 30 September 2022 , and are signed on behalf of the board by:

P R Thomas

Director

Company registration number: 08151744

Columbus Cabinets Ltd

Notes to the Accounts

Year ended 31 December 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Holme Court, Biggleswade, Bedfordshire, SG18 9ST.

2. Statement of compliance

These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The accounts are prepared in sterling, which is the functional currency of the entity.

Going concern

In the opinion of the directors, the company remains a going concern due to the available group support and whilst the directors consider further trading opportunities.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Creditors: amounts falling due within one year

	2021	2020
	£	£
Bank loans and overdrafts	–	8
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	243,977
Social security and other taxes	–	2,000
	----	---------
	–	245,985
	----	---------

5. Related party transactions

The company was under the control of the directors by virtue of their shareholding in the parent company. At the period end the balance of the group loan payable to the parent company was written off to the profit and loss account. No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.

6. Controlling party

The parent company is The Professional Monitor Company Limited , a company registered in England and Wales. The group is small and no consolidation is required.