Company Registration No. 05412540 (England and Wales)
Five Acre Koi Supplies Ltd
Unaudited accounts
for the year ended 31 May 2022
Five Acre Koi Supplies Ltd
Unaudited accounts
Contents
Five Acre Koi Supplies Ltd
Company Information
for the year ended 31 May 2022
Directors
Andrew Harrison
Lisa Harrison
Company Number
05412540 (England and Wales)
Registered Office
Fiveacre Kennels
Chesterfield Road, Duckmanton
Chesterfield
Derbyshire
S44 5HT
UK
Accountants
RLTP Accountants
Suite 8, Riverside Business Centre
Foundry Lane
Milford, Belper
Derbyshire
DE56 0RN
Five Acre Koi Supplies Ltd
Statement of financial position
as at
31 May 2022
Tangible assets
19,010
21,476
Inventories
73,475
70,230
Cash at bank and in hand
56,134
40,373
Creditors: amounts falling due within one year
(107,340)
(100,188)
Net current assets
25,026
12,953
Called up share capital
100
100
Profit and loss account
43,936
34,329
Shareholders' funds
44,036
34,429
For the year ending 31 May 2022 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 24 February 2023 and were signed on its behalf by
Andrew Harrison
Director
Company Registration No. 05412540
Five Acre Koi Supplies Ltd
Notes to the Accounts
for the year ended 31 May 2022
Five Acre Koi Supplies Ltd is a private company, limited by shares, registered in England and Wales, registration number 05412540. The registered office is Fiveacre Kennels, Chesterfield Road, Duckmanton, Chesterfield, Derbyshire, S44 5HT, UK.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Improvements to Property 2% SL
Computer equipment
33% SL - 3ys SL for Web Development
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stock have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Five Acre Koi Supplies Ltd
Notes to the Accounts
for the year ended 31 May 2022
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2021
11,520
17,295
16,299
6,928
52,042
At 31 May 2022
11,520
17,295
16,299
6,928
52,042
At 1 June 2021
3,680
8,129
12,432
6,325
30,566
Charge for the year
230
917
967
352
2,466
At 31 May 2022
3,910
9,046
13,399
6,677
33,032
At 31 May 2022
7,610
8,249
2,900
251
19,010
At 31 May 2021
7,840
9,166
3,867
603
21,476
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
20,043
26,788
Taxes and social security
3,770
5,167
Loans from directors
83,527
66,340
7
Share capital
2022
2021
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).