Company Registration No. 06363937 (England and Wales)
pink canal limited
Unaudited accounts
for the year ended 30 September 2020
pink canal limited
Unaudited accounts
Contents
pink canal limited
Company Information
for the year ended 30 September 2020
Company Number
06363937 (England and Wales)
Registered Office
231
bristol road
gloucester
gl1 5tl
pink canal limited
Statement of financial position
as at
30 September 2020
Tangible assets
127,053
127,053
Cash at bank and in hand
1,157,450
500,810
Creditors: amounts falling due within one year
(1,168,708)
(509,572)
Net current liabilities
(11,258)
(8,762)
Net assets
115,795
118,291
Called up share capital
100
100
Profit and loss account
115,695
118,191
Shareholders' funds
115,795
118,291
For the year ending 30 September 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.
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 June 2021 and were signed on its behalf by
mukesh amarnani
Director
Company Registration No. 06363937
pink canal limited
Notes to the Accounts
for the year ended 30 September 2020
pink canal limited is a private company, limited by shares, registered in England and Wales, registration number 06363937. The registered office is 231, bristol road, gloucester, gl1 5tl.
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:
4
Tangible fixed assets
Land & buildings
Cost or valuation
At cost
At 1 October 2019
127,053
At 30 September 2020
127,053
At 30 September 2020
127,053
At 30 September 2019
127,053
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Creditors: amounts falling due within one year
2020
2019
Taxes and social security
-
1,095
Loans from directors
1,168,333
507,977
pink canal limited
Notes to the Accounts
for the year ended 30 September 2020
6
Share capital
2020
2019
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
loan to company
(46,950)
46,950
(1,168,333)
1,168,333
(46,950)
46,950
(1,168,333)
1,168,333
the director has introduced capital into the business as the company is actively looking to buy freehold properties. These freehold properties will be confirmed in next years accounts as they have now been realised.
8
Average number of employees
During the year the average number of employees was 1 (2019: 1).