Allums Jewellers Ltd Filleted accounts for Companies House (small and micro)
Allums Jewellers Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
05024709
|
|
|
|
Statement of Financial Position |
2021 |
2020 |
|
Note |
£ |
£ |
Fixed assets
Tangible assets |
6 |
|
|
Current assets
Stocks |
|
|
|
Debtors |
7 |
|
|
Cash at bank and in hand |
|
|
|
--------- |
--------- |
||
|
|
||
Creditors: amounts falling due within one year |
8 |
|
|
--------- |
--------- |
||
Net current assets |
|
|
|
--------- |
--------- |
||
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year |
9 |
|
|
--------- |
--------- |
||
Net assets |
|
|
|
--------- |
--------- |
||
Capital and reserves
Called up share capital |
|
|
Profit and loss account |
|
|
------- |
------- |
|
Shareholders funds |
|
|
------- |
------- |
|
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
27 September 2021
, and are signed on behalf of the board by:
|
|
Director |
|
Company registration number:
05024709
|
Notes to the Financial Statements |
Year ended 30 June 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 Cathedral House, 5 Beacon Street, Lichfield, Staffs, WS13 7AA.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Foreign currencies
Goodwill
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery |
- |
|
|
Fixtures and fittings |
- |
|
|
Computer equipment |
- |
|
|
Impairment of fixed assets
Stocks
Government grants
Financial instruments
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2020:
5
).
5.
Intangible assets
Goodwill |
|
£ |
|
Cost |
|
At 1 July 2020 and 30 June 2021 |
|
-------- |
|
Amortisation |
|
At 1 July 2020 and 30 June 2021 |
|
-------- |
|
Carrying amount |
|
At 30 June 2021 |
– |
-------- |
|
At 30 June 2020 |
– |
-------- |
|
6.
Tangible assets
Freehold property |
Plant and machinery |
Fixtures and fittings |
Computer equipment |
Improvements to property |
Total |
|
£ |
£ |
£ |
£ |
£ |
£ |
|
Cost |
||||||
At 1 Jul 2020 |
|
|
|
|
|
|
Disposals |
– |
(
|
– |
– |
– |
(
|
--------- |
-------- |
-------- |
---- |
------- |
--------- |
|
At 30 Jun 2021 |
|
|
|
|
|
|
--------- |
-------- |
-------- |
---- |
------- |
--------- |
|
Depreciation |
||||||
At 1 Jul 2020 |
– |
|
|
|
– |
|
Charge for the year |
– |
– |
|
|
– |
|
Disposals |
– |
(
|
– |
– |
– |
(
|
--------- |
-------- |
-------- |
---- |
------- |
--------- |
|
At 30 Jun 2021 |
– |
|
|
|
– |
|
--------- |
-------- |
-------- |
---- |
------- |
--------- |
|
Carrying amount |
||||||
At 30 Jun 2021 |
|
– |
– |
– |
|
|
--------- |
-------- |
-------- |
---- |
------- |
--------- |
|
At 30 Jun 2020 |
|
(
|
|
|
|
|
--------- |
-------- |
-------- |
---- |
------- |
--------- |
|
7.
Debtors
2021 |
2020 |
|
£ |
£ |
|
Other debtors |
|
|
---- |
---- |
|
8.
Creditors:
amounts falling due within one year
2021 |
2020 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
-------- |
-------- |
|
|
|
|
-------- |
-------- |
|
9.
Creditors:
amounts falling due after more than one year
2021 |
2020 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
10.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2021 |
||||
Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
||
£ |
£ |
£ |
||
|
(
|
|
(
|
|
-------- |
------- |
-------- |
||
2020 |
||||
Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
||
£ |
£ |
£ |
||
|
(
|
|
(
|
|
-------- |
------- |
-------- |
||