Registered Number
:
04545254
|
For the year ended 31 December 2020
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2020
Tysons Books Ltd.
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Tysons Books Ltd.
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
1,067
822
2
1,067
822
24,500
24,500
3
2,187
Cash and cash equivalents
|
5,446
29,946
26,687
Trade and other payables
:
amounts falling due within one
|
year
|
(22,098)
(29,254)
4
4,589
692
Net current assets
Total assets less current liabilities
|
1,759
5,411
1,759
Net assets
5,411
100
100
1,659
5,311
1,759
5,411
Shareholders' funds
For the year ended 31 December 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 December 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 07 May 2021 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 December 2020
Tysons Books Ltd.
Notes to the Financial Statements
Statutory Information
Tysons Books Ltd
.
is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
04545254
.
|
Principal place of business
:
|
150 High Street
Honiton
Devon
EX14 1JX
33 Hopps Road
Kingswood
Bristol
BS15 9QQ
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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:
|
Computer equipment
Motor vehicles
Fixtures and fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
|
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.
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For the year ended 31 December 2020
Tysons Books Ltd.
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
18,181
1,178
10,353
6,650
599
599
-
-
6,650
10,353
1,777
18,780
Provision for depreciation and impairment
|
17,359
489
10,254
6,616
Charge for year
354
321
25
8
17,713
810
10,279
6,624
26
74
967
1,067
34
99
689
822
2019
2020
24,500
24,500
4
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
Taxation and social security
|
2,597
898
26,657
21,200
29,254
22,098
5
.
Average number of persons employed
|
During the year the average number of employees was 0 (2019 : 1)
3 of 3