Company Registration No. 07637379 (England and Wales)
BATH TKD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2021
PAGES FOR FILING WITH REGISTRAR
30-31 St.James Place
Mangotsfield
Bristol
United Kingdom
BS16 9JB
BATH TKD LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 6
BATH TKD LIMITED
BALANCE SHEET
- 2 -
2021
2020
Notes
£
£
£
£
Fixed assets
Intangible assets
4
4,500
5,400
Current assets
Debtors
5
803
87
Cash at bank and in hand
417
1,322
1,220
1,409
Creditors: amounts falling due within one year
6
(5,555)
(6,673)
Net current liabilities
(4,335)
(5,264)
Total assets less current liabilities
165
136
Capital and reserves
Called up share capital
125
125
Profit and loss reserves
40
11
Total equity
165
136
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 May 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
BATH TKD LIMITED
BALANCE SHEET (CONTINUED)
- 3 -
The financial statements were approved and signed by the director and authorised for issue on 6 November 2021
Mr M R Ogborne
Director
Company Registration No. 07637379
The notes on pages 4 to 6 form part of these financial statements
BATH TKD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2021
- 4 -
1
Accounting policies
Company information
Bath TKD Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
30-31 St James Place, Mangotsfield, Bristol, South Glos., England, BS16 9JB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated
amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is five years.
1.4
Intangible fixed assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
1.5
Pension costs and other post-retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Change in accounting policy
It was agreed that goodwill would no longer be written off from the 01 June 2013. From 01 June 2016 goodwill will be written off over ten years.
BATH TKD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2021
- 5 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
1
1
4
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2020 and 31 May 2021
22,500
Amortisation and impairment
At 1 June 2020
17,100
Amortisation charged for the year
900
At 31 May 2021
18,000
Carrying amount
At 31 May 2021
4,500
At 31 May 2020
5,400
5
Debtors
2021
2020
Amounts falling due within one year:
£
£
Other debtors
803
87
BATH TKD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2021
- 6 -
6
Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
1,550
1,400
Taxation and social security
2,300
3,604
Other creditors
1,705
1,669
5,555
6,673
7
Ultimate controlling party
The controlling party is the director.