Company Registration No. 08038197 (England and Wales)
13 The Warehouse Limited
Unaudited accounts
for the year ended 30 April 2020
13 The Warehouse Limited
Unaudited accounts
Contents
13 The Warehouse Limited
Company Information
for the year ended 30 April 2020
Directors
Patricia Heath
Hannah Faye Cooper
Company Number
08038197 (England and Wales)
Registered Office
13 Queen Street
Morecambe
LA4 5EQ
GB
Accountants
AA Bookkeeping Payroll Business Support Ltd
14 Clifton Drive
Morecambe
Lancashire
LA4 6SR
13 The Warehouse Limited
Statement of financial position
as at
30 April 2020
Tangible assets
3,651
4,774
Inventories
95,000
100,000
Cash at bank and in hand
3,099
169
Creditors: amounts falling due within one year
(48,203)
(41,378)
Net current assets
49,896
58,791
Total assets less current liabilities
53,547
63,565
Creditors: amounts falling due after more than one year
(153,724)
(161,488)
Net liabilities
(100,177)
(97,923)
Called up share capital
100
100
Capital redemption reserve
-
(2,170)
Profit and loss account
(100,277)
(95,853)
Shareholders' funds
(100,177)
(97,923)
For the year ending 30 April 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 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 20 March 2021 and were signed on its behalf by
Patricia Heath
Director
Company Registration No. 08038197
13 The Warehouse Limited
Notes to the Accounts
for the year ended 30 April 2020
13 The Warehouse Limited is a private company, limited by shares, registered in England and Wales, registration number 08038197. The registered office is 13 Queen Street, Morecambe, LA4 5EQ, GB.
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:
Fixtures & fittings
15% reducing balance
At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. In making their assessment the director has considered the impact of the Covid-19 pandemic. The company is reliant on the support of the directors to provide sufficient funds to meet all financial obligations and the directors commit to provide this support. The directors therefore continue to adopt the going concern basis in preparing the financial statements.
4
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
Charge for the year
1,123
13 The Warehouse Limited
Notes to the Accounts
for the year ended 30 April 2020
5
Creditors: amounts falling due within one year
2020
2019
Trade creditors
452
12,232
Taxes and social security
1,981
889
Other creditors
1,733
9,608
Loans from directors
36,457
17,649
6
Creditors: amounts falling due after more than one year
2020
2019
Bank loans
111,405
119,531
Obligations under finance leases and hire purchase contracts
42,319
41,957
7
Average number of employees
During the year the average number of employees was 3 (2019: 4).