REGISTERED NUMBER: 01329284 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2018

FOR

JOHN MINSHAW DESIGNS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

J Minshaw

S Minshaw

SECRETARY:

S Minshaw

REGISTERED OFFICE:

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

REGISTERED NUMBER:

01329284 (England and Wales)

ACCOUNTANTS:

KBSP Partners LLP

Chartered Accountants

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

FIXED ASSETS

Tangible assets

4

5,090

6,024

CURRENT ASSETS

Stocks

130,771

114,133

Debtors

5

111,602

26,095

Cash at bank and in hand

230,036

206,743

472,409

346,971

CREDITORS

Amounts falling due within one year

6

49,616

18,933

NET CURRENT ASSETS

422,793

328,038

TOTAL ASSETS LESS CURRENT LIABILITIES

427,883

334,062

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

427,783

333,962

SHAREHOLDERS' FUNDS

427,883

334,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors on 29 August 2019 and were signed on its behalf by:

J Minshaw - Director

1.	STATUTORY INFORMATION

John Minshaw Designs Limited 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 for the provision of services,

net of discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before

revenue is recognised:

Rendering of services

Revenue from provision of services is recognised in the period in which the services are provided in accordance

with the stage of completion of the contract when all the following conditions are satisfied:

i) the amount of revenue can be measured reliably;

ii) it is probable that the company will receive the consideration due under the contract;

iii) the stage of completion of the contract at the end of the reporting period can be measured reliably; and

iv) the costs incurred and the costs to complete the contract can be measured reliably.

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

-

20% on reducing balance

Computer equipment

-

33% on cost

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost

includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its

intended use, dismantling and restoration costs.

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in

circumstances indicate the carrying value may not be recoverable.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if

appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are

recognised within the profit and loss account.

Stocks

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is

reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit

and loss.

Financial instruments

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period

for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is

recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an

enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise

the asset and settle the liability simultaneously.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the

arrangement constitutes a financing transaction, where the transaction is measured at the present value of the

future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost

using the effective interest method.

Cash and cash equivalents

Cash includes cash in hand, deposits held with banks. Cash equivalents are highly liquid investments that are

readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditor, loans from third parties and loans from related

parties, are initially recognised at transaction price, unless the arrangement constitute a financing transaction,

where the debt instrument is measured at the present value of the future payments discounted at a market rate

of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less

impairment.

Taxation

Taxation for the year comprises corporation tax. Tax is recognised in the Profit and Loss account, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Corporation tax is not discounted.

Corporation 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2017

18,664

11,884

30,548

Additions

540

2,035

2,575

Disposals

(534

)

(932

)

(1,466

)

At 30 November 2018

18,670

12,987

31,657

DEPRECIATION

At 1 December 2017

14,742

9,782

24,524

Charge for year

892

2,398

3,290

Eliminated on disposal

(315

)

(932

)

(1,247

)

At 30 November 2018

15,319

11,248

26,567

NET BOOK VALUE

At 30 November 2018

3,351

1,739

5,090

At 30 November 2017

3,922

2,102

6,024

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

100,761

6,264

Other debtors

2,340

2,340

Prepayments and accrued income

8,501

17,491

111,602

26,095

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

1,947

290

Tax

23,555

373

VAT

2,965

11,469

Other creditors

4,283

1,835

Directors' current accounts

432

587

Accrued expenses

16,434

4,379

49,616

18,933

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 John Minshaw Designs Limited for the year ended 30 November 2018 which comprise the Profit

and Loss account, 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 John Minshaw Designs Limited, 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 John Minshaw Designs Limited and state those matters that we have agreed to state to the Board of Directors of John Minshaw Designs Limited, 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 John Minshaw Designs Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that John Minshaw Designs Limited 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 John Minshaw Designs Limited. You consider that John Minshaw Designs Limited 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 John Minshaw Designs Limited. 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.

KBSP Partners LLP

Chartered Accountants

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

29 August 2019