Ben Tasker Flooring and Interiors Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04531189 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

BEN TASKER FLOORING AND INTERIORS LTD.

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr. B. D. Tasker

REGISTERED OFFICE:

Unit 13

Station Estate

Newbridge Hill

LOUTH

LN11 0JT

REGISTERED NUMBER:

04531189 (England and Wales)

ACCOUNTANTS:

Smethurst & Co LLP

12 Abbey Road

GRIMSBY

DN32 0HL

BANKERS:

Lloyds Bank plc

24 Mercer Row

LOUTH

LN11 9JQ

FIXED ASSETS

Tangible assets

4

71,895

23,493

CURRENT ASSETS

Stocks

66,775

52,150

Debtors

32,014

25,011

Cash at bank

45,765

33,018

144,554

110,179

CREDITORS

Amounts falling due within one year

58,211

43,044

NET CURRENT ASSETS

86,343

67,135

TOTAL ASSETS LESS CURRENT LIABILITIES

158,238

90,628

CREDITORS

Amounts falling due after more than one year

(42,094

)

-

PROVISIONS FOR LIABILITIES

(13,660

)

(4,463

)

NET ASSETS

102,484

86,165

CAPITAL AND RESERVES

Allotted, called up and

fully paid share capital

100

100

Profit and loss account

102,384

86,065

SHAREHOLDERS' FUNDS

102,484

86,165

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 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 December 2021 and were signed by:

Mr. B. D. Tasker - Director

1.	STATUTORY INFORMATION

Ben Tasker Flooring and Interiors 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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% Reducing Balance

Motor vehicles

-

25% Reducing Balance

Computer equipment

-

33% Straight Line

Government grants

Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.

Stocks and work in progress

Stocks and work in progress are stated at the lower of cost and net realisable value. Net realisable value is based on estimated selling price, less further costs expected to be incurred to completion and disposal. Provision is made for obsolete, slow moving or defective items where appropriate

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 6 (2020 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

87,378

Additions

81,765

Disposals

(39,711

)

At 31 March 2021

129,432

DEPRECIATION

At 1 April 2020

63,885

Charge for year

17,530

Eliminated on disposal

(23,878

)

At 31 March 2021

57,537

NET BOOK VALUE

At 31 March 2021

71,895

At 31 March 2020

23,493