Buntingford Storage Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08959772 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Buntingford Storage Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J N Noy

Mrs E S Noy

REGISTERED OFFICE:

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

REGISTERED NUMBER:

08959772 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Tangible assets

4

74,254

73,537

CURRENT ASSETS

Debtors

21,427

12,456

Cash at bank

1,683

5,227

23,110

17,683

CREDITORS

Amounts falling due within one year

22,801

22,525

NET CURRENT ASSETS/(LIABILITIES)

309

(4,842

)

TOTAL ASSETS LESS CURRENT LIABILITIES

74,563

68,695

PROVISIONS FOR LIABILITIES

5

5,664

5,473

NET ASSETS

68,899

63,222

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

68,799

63,122

SHAREHOLDERS' FUNDS

68,899

63,222

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 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 Board of Directors and authorised for issue on 17 November 2021 and were signed on its behalf by:

Mr J N Noy - Director

1.	STATUTORY INFORMATION

Buntingford Storage 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 financial statements have been prepared on a going concern basis. The Directors consider this basis to be appropriate despite the fact that the balance sheet shows net current liabilities at 31 March 2020 as the company is generating sufficient cash flows on a weekly basis together with the support of its bank to meet its current liabilities.

Should the company be unable to continue trading, adjustments would be made to adjust the value of assets to their recoverable amount.

Turnover

Turnover is recognised in advance of the service being provided and is measured at the fair value of the consideration received or receivable, excluding any discounts, rebates and value added 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

20% reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

128,472

Additions

22,520

Disposals

(11,118

)

At 31 March 2021

139,874

DEPRECIATION

At 1 April 2020

54,935

Charge for year

16,009

Eliminated on disposal

(5,324

)

At 31 March 2021

65,620

NET BOOK VALUE

At 31 March 2021

74,254

At 31 March 2020

73,537

5.	PROVISIONS FOR LIABILITIES

31.3.21

31.3.20

£

£

Deferred tax

5,664

5,473

Deferred

tax

£

Balance at 1 April 2020

5,473

Charge to Income Statement during year

191

Balance at 31 March 2021

5,664

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

100

Ordinary

£1

100

100