Company Registration No. 03945661 (England and Wales)
A B Scovell Limited
Unaudited accounts
for the year ended 31 March 2020
A B Scovell Limited
Unaudited accounts
Contents
A B Scovell Limited
Company Information
for the year ended 31 March 2020
Company Number
03945661 (England and Wales)
Registered Office
Daylesford
The Highway
Luccombe
Isle of Wight
PO37 6RT
Accountants
Martin Bridges & Co
39 High Street
Shanklin
Isle of Wight
PO37 6JJ
A B Scovell Limited
Statement of financial position
as at
31 March 2020
Tangible assets
81,384
101,730
Inventories
414,125
875,000
Cash at bank and in hand
613,468
453,801
Creditors: amounts falling due within one year
(145,854)
(464,818)
Net current assets
1,191,739
899,450
Total assets less current liabilities
1,273,123
1,001,180
Provisions for liabilities
Deferred tax
(15,463)
(19,329)
Net assets
1,257,660
981,851
Called up share capital
1,000
1,000
Profit and loss account
1,256,660
980,851
Shareholders' funds
1,257,660
981,851
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 March 2021 and were signed on its behalf by
K S Scovell
Director
Company Registration No. 03945661
A B Scovell Limited
Notes to the Accounts
for the year ended 31 March 2020
A B Scovell Limited is a private company, limited by shares, registered in England and Wales, registration number 03945661. The registered office is Daylesford, The Highway, Luccombe, Isle of Wight, PO37 6RT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Total
Charge for the year
20,346
5
Share capital
2020
2019
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
A B Scovell Limited
Notes to the Accounts
for the year ended 31 March 2020
6
Average number of employees
During the year the average number of employees was 1 (2019: 1).