Various Finishes Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10121268 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2021

for

Various Finishes Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

A Power

Mrs L Power

REGISTERED OFFICE:

54 Speer Road

Thames Ditton

Surrey

KT7 0PW

REGISTERED NUMBER:

10121268 (England and Wales)

ACCOUNTANTS:

LK & Associates Limited

2A High Street

Thames Ditton

Surrey

KT7 0RY

FIXED ASSETS

Tangible assets

4

1,439

1,190

CURRENT ASSETS

Debtors

5

2,304

(23

)

Cash at bank

147,700

115,036

150,004

115,013

CREDITORS

Amounts falling due within one year

6

21,533

15,164

NET CURRENT ASSETS

128,471

99,849

TOTAL ASSETS LESS CURRENT LIABILITIES

129,910

101,039

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

129,810

100,939

SHAREHOLDERS' FUNDS

129,910

101,039

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 July 2021 and were signed on its behalf by:

A Power - Director

1.	STATUTORY INFORMATION

Various Finishes 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.

The directors have considered the company's balance sheet, trading activity and estimated cash flows for a period of at least 12 months from the date these financial statements were signed and have concluded that the company will continue to be able to meet its obligations as these fall due.

The directors have also 'stressed' their cash flow analysis to take into account the impact on their business of possible scenarios brought on by the impact of the Covid19 pandemic, alongside further measures that they can take to mitigate the impact.

Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the directors have concluded that they can continue to adopt the going concern basis in preparing these financial statements.

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.

Plant and machinery etc

-

33% on cost and 25% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2020

3,007

Additions

1,107

At 30 April 2021

4,114

DEPRECIATION

At 1 May 2020

1,817

Charge for year

858

At 30 April 2021

2,675

NET BOOK VALUE

At 30 April 2021

1,439

At 30 April 2020

1,190

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Trade debtors

-

(23

)

Other debtors

2,304

-

2,304

(23

)

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Taxation and social security

7,848

9,117

Other creditors

13,685

6,047

21,533

15,164

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Various Finishes Ltd for the year ended 30 April 2021 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Various Finishes Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Various Finishes Ltd and state those matters that we have agreed to state to the Board of Directors of Various Finishes Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Various Finishes Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Various Finishes Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Various Finishes Ltd. You consider that Various Finishes Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Various Finishes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

LK & Associates Limited

2A High Street

Thames Ditton

Surrey

KT7 0RY

Date: .............................................