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LOOSE FINGERS LIMITED |
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Financial Statements |
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for the Year Ended 31 May 2020 |
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LOOSE FINGERS LIMITED |
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Financial Statements |
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for the Year Ended 31 May 2020 |
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LOOSE FINGERS LIMITED (REGISTERED NUMBER: 08089110) |
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Contents of the Financial Statements |
for the year ended 31 May 2020 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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LOOSE FINGERS LIMITED |
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Company Information |
for the year ended 31 May 2020 |
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Director: |
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Registered office: |
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Registered number: |
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Accountants: |
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New Derwent House |
69-73 Theobalds Road |
London |
WC1X 8TA |
LOOSE FINGERS LIMITED (REGISTERED NUMBER: 08089110) |
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Balance Sheet |
31 May 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Current assets |
Debtors | 5 |
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Cash at bank and in hand |
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Creditors |
Amounts falling due within one year | 6 |
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Net current assets/(liabilities) |
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Total assets less current liabilities |
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Creditors |
Amounts falling due after more than one
year |
7 |
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( |
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Provisions for liabilities | ( |
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Net assets |
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Capital and reserves |
Called up share capital |
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Capital redemption reserve | 8 |
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Retained earnings | 8 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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LOOSE FINGERS LIMITED (REGISTERED NUMBER: 08089110) |
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Notes to the Financial Statements |
for the year ended 31 May 2020 |
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1. | Statutory information |
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Loose Fingers Limited is a
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Turnover represents amounts receivable for [goods/services] provided in the year and is stated net of VAT. |
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[Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, |
by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.] |
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[Turnover comprises revenue recognised by the company in respect of rents receivable.] |
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Tangible fixed assets |
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Improvements to property | - |
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Plant and machinery | - |
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Computer equipment | - |
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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. |
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3. | Employees and directors |
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The average number of employees during the year was
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4. | Tangible fixed assets |
Improvements | Plant and | Computer |
to property | machinery | equipment | Totals |
£ | £ | £ | £ |
Cost |
At 1 June 2019 |
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Additions |
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At 31 May 2020 |
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Depreciation |
At 1 June 2019 |
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Charge for year |
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At 31 May 2020 |
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Net book value |
At 31 May 2020 |
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At 31 May 2019 |
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LOOSE FINGERS LIMITED (REGISTERED NUMBER: 08089110) |
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Notes to the Financial Statements - continued |
for the year ended 31 May 2020 |
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5. | Debtors: amounts falling due within one year |
2020 | 2019 |
£ | £ |
Trade debtors |
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Other debtors |
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VAT |
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Prepayments |
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6. | Creditors: amounts falling due within one year |
2020 | 2019 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Tax |
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Other creditors |
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Directors' current accounts | - | 3,551 |
Accruals and deferred income |
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7. | Creditors: amounts falling due after more than one year |
2020 | 2019 |
£ | £ |
Bank loans - 1-2 years |
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Bank loans - 2-5 years |
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8. | Reserves |
Capital |
Retained | redemption |
earnings | reserve | Totals |
£ | £ | £ |
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At 1 June 2019 |
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1,503 |
Profit for the year |
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Dividends | ( |
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At 31 May 2020 |
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9,375 |
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9. | Ultimate controlling party |
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The shareholding are such that no party has overall control of the company. |