Bumperstops Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04028168 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

BUMPERSTOPS LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S I Clutterbuck

REGISTERED OFFICE:

Weston Business Centre

Parsonage Road

Takeley

Essex

CM22 6PU

REGISTERED NUMBER:

04028168 (England and Wales)

ACCOUNTANTS:

Clemence Hoar Cummings

Chartered Accountants

Riverside House

1-5 Como Street

Romford

Essex

RM7 7DN

CURRENT ASSETS

Stocks

10,202

56,403

Debtors

4

232,994

152,281

Cash at bank

37,658

9,528

280,854

218,212

CREDITORS

Amounts falling due within one year

5

11,254

35,922

NET CURRENT ASSETS

269,600

182,290

TOTAL ASSETS LESS CURRENT LIABILITIES

269,600

182,290

CREDITORS

Amounts falling due after more than one year

6

50,000

-

NET ASSETS

219,600

182,290

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

219,500

182,190

SHAREHOLDERS' FUNDS

219,600

182,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 September 2021 and were signed by:

S I Clutterbuck - Director

1.	STATUTORY INFORMATION

Bumperstops 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the average rate of exchange ruling for the year. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

139,294

79,739

Amount due from factoring

company

22,792

-

VAT

70,908

72,542

232,994

152,281

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

33

33

Taxation

9,221

13,410

Amounts due to factoring company

-

22,479

Directors' current accounts

2,000

-

11,254

35,922

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans - 1-2 years

50,000

-

7.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Amount due from factors

-

22,479

The amount due to factors is secured by a charge over the company's trade debtors.

8.

RESERVES

Retained

earnings

£

At 1 January 2020

182,190

Profit for the year

39,310

Dividends

(2,000

)

At 31 December 2020

219,500