Registered Number:06416057 |
For the year ended 31 January 2020
England and Wales
Unaudited Financial Statements
For the year ended 31 January 2020
Ideal Envelopes Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Ideal Envelopes Limited
Statement of Financial Position
2019
2020
Property, plant and equipment |
38,005
40,135
2
38,005
40,135
42,650
41,500
3
Trade and other receivables |
8,868
2,188
4
39,308
Cash and cash equivalents |
24,504
68,192
90,826
Trade and other payables: amounts falling due within one |
year |
(119,069)
(87,610)
5
(28,243)
(19,418)
Net current liabilities
Total assets less current liabilities |
18,587
11,892
(5,018)
(4,587)
Provisions for liabilities |
13,569
Net assets
7,305
100
100
13,469
7,205
13,569
7,305
Shareholders' funds
For the year ended 31 January 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 06 March 2020 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 January 2020
Ideal Envelopes Limited
Notes to the Financial Statements
Statutory Information
Ideal Envelopes Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 06416057. |
Unit 2 Old Colliery Way
Beighton Link Business Park
Sheffield
South Yorkshire
S20 1DJ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Plant and machinery
Computer equipment
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 31 January 2020
Ideal Envelopes Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
132,309
19,291
18,507
29,584
64,927
6,580
180
-
6,400
-
35,984
18,507
19,471
138,889
64,927
Provision for depreciation and impairment |
92,174
16,496
12,633
15,242
47,803
Charge for year
8,710
447
870
3,112
4,281
100,884
16,943
13,503
18,354
52,084
12,843
17,630
5,004
2,528
38,005
17,124
14,342
5,874
2,795
40,135
2019
2020
41,500
42,650
4. Trade and other receivables |
2019
2020
293
2,251
1,895
6,617
8,868
2,188
5. Trade and other payables: amounts falling due within one year |
2019
2020
332
549
53,250
96,922
Taxation and social security |
19,077
5,870
14,951
15,728
87,610
119,069
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For the year ended 31 January 2020
Ideal Envelopes Limited
Notes to the Financial Statements Continued
6. Average number of persons employed |
During the year the average number of employees was 9 (2019 : 9)
4 of 4