Diane Rostron Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09602721 (England and Wales)

Financial Statements for the Year Ended 31 May 2021

for

Diane Rostron Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms D J Rostron

REGISTERED OFFICE:

17-19 Park Street

Lytham

Lancashire

FY8 5LU

REGISTERED NUMBER:

09602721 (England and Wales)

ACCOUNTANTS:

Ashworth Treasure Limited

Chartered Accountants

17-19 Park Street

Lytham

Lancashire

FY8 5LU

FIXED ASSETS

Tangible assets

4

12,876

3,784

CURRENT ASSETS

Debtors

398,670

541,193

Cash at bank and in hand

411,134

456,485

809,804

997,678

CREDITORS

Amounts falling due within one year

292,451

365,761

NET CURRENT ASSETS

517,353

631,917

TOTAL ASSETS LESS CURRENT LIABILITIES

530,229

635,701

PROVISIONS FOR LIABILITIES

2,446

719

NET ASSETS

527,783

634,982

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

527,683

634,882

SHAREHOLDERS' FUNDS

527,783

634,982

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 February 2022 and were signed by:

Ms D J Rostron - Director

1.	STATUTORY INFORMATION

Diane Rostron Limited 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

Revenue is recognised as it is earned over time, for all matters which are not contingent. Fee income in respect of contingent fee assignments is recognised in the period when the contingent event occurs and collectability of the fee is assured. Turnover excludes value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Pension costs and other post-retirement benefits

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2020 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2020

20,721

Additions

14,401

At 31 May 2021

35,122

DEPRECIATION

At 1 June 2020

16,937

Charge for year

5,309

At 31 May 2021

22,246

NET BOOK VALUE

At 31 May 2021

12,876

At 31 May 2020

3,784

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2021 and 31 May 2020:

2021

2020

£

£

Ms D J Rostron

Balance outstanding at start of year

381,083

87,692

Amounts advanced

263,557

396,991

Amounts repaid

(394,900

)

(103,600

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

249,740

381,083

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms D J Rostron.