REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 30 November 2019 |
|
for |
|
Sangha Retail Limited |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 30 November 2019 |
|
for |
|
Sangha Retail Limited |
Sangha Retail Limited (Registered number: 07836770) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 30 November 2019 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 | to | 3 |
|
Notes to the Financial Statements | 4 | to | 6 |
|
Sangha Retail Limited |
|
Company Information |
for the Year Ended 30 November 2019 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
Marland House |
13 Huddersfield Road |
Barnsley |
South Yorkshire |
S70 2LW |
Sangha Retail Limited (Registered number: 07836770) |
|
Balance Sheet |
30 November 2019 |
|
2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 5 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 8 |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
Sangha Retail Limited (Registered number: 07836770) |
|
Balance Sheet - continued |
30 November 2019 |
|
|
|
|
|
|
The director acknowledges his responsibilities for: |
(a) |
ensuring that the Company keeps 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 Sections 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 Statement of Income and Retained Earnings has not been delivered. |
|
The financial statements were approved by the director and authorised for issue on
signed by: |
|
|
|
|
|
|
|
Sangha Retail Limited (Registered number: 07836770) |
|
Notes to the Financial Statements |
for the Year Ended 30 November 2019 |
|
1. | STATUTORY INFORMATION |
|
Sangha Retail Limited is a
|
company's registered number and registered office address can be found on the Company Information |
page. |
|
The presentation and functional currency of the financial statements is the Pound Sterling (£). |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
These financial statements have been prepared in compliance with FRS 102, 'The Financial Standard |
Applicable in the UK and the Republic of Ireland' and the Companies Act 2006. The financial |
statements have been prepared on a going concern basis under the historical cost convention. |
|
Significant judgements and estimates |
The principal accounting policies and significant judgements and estimates applied in the preparation |
of these financial statements are set out below. These policies, judgements and estimates have been |
consistently applied to all years presented unless otherwise stated. |
|
Turnover |
Turnover represents amounts earned on goods provided during the year and derives from the |
provision of goods falling within the company's ordinary activities. |
|
Tangible fixed assets |
|
Plant and machinery | - |
|
Fixtures and fittings | - |
|
|
All fixed assets are initially recorded at cost. |
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of |
Income and Retained Earnings, except to the extent that it relates to items recognised in other |
comprehensive income or directly in equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
|
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Sangha Retail Limited (Registered number: 07836770) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2019 |
|
2. | ACCOUNTING POLICIES - continued |
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
period of the lease. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
|
Coronavirus pandemic - impact on going concern and carrying value of assets |
Since the year-end, and particularly during March and April 2020, the Coronavirus pandemic is causing |
a global health and economic crisis that is without precedent. |
|
Whilst governments worldwide (including in the UK) and global authorities are responding with |
extraordinary measures, the crisis is having, and will continue to have, a very significant impact on |
many businesses including the Company. No-one can predict the likely outcome over the next few |
months. As the accounts are required to be drawn up on a going concern basis which looks ahead at |
least 12 months from the date of signing, it is not possible to predict whether the business will remain |
a going concern for the next 12 months. There is therefore a fundamental uncertainty as to the going |
concern basis of preparing the accounts. |
|
The coronavirus pandemic may also have a significant impact on the carrying values of assets and |
liabilities which therefore may be materially different from the figures included in the accounts. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor |
machinery | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 December 2018 |
|
|
|
|
Additions |
|
|
|
|
At 30 November 2019 |
|
|
|
|
DEPRECIATION |
At 1 December 2018 |
|
|
|
|
Charge for year |
|
|
|
|
At 30 November 2019 |
|
|
|
|
NET BOOK VALUE |
At 30 November 2019 |
|
|
|
|
At 30 November 2018 |
|
|
|
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
Sangha Retail Limited (Registered number: 07836770) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2019 |
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Hire purchase contracts |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2019 | 2018 |
£ | £ |
Hire purchase contracts |
|
|
|
8. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
|
Ordinary "A" | £1 | 1 | 1 |
|
Ordinary "B" | £1 | 1 | 1 |
|
Ordinary "C" | £1 | 1 | 1 |
|
Ordinary "D" | £1 | 1 | 1 |
4 | 4 |