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Unaudited Accounts | ||
for the year ended | ||
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Balance Sheet as at |
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Notes |
2020 £ |
2019 £ |
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Fixed assets | |||||
Intangible assets | 3 |
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Tangible assets | 4 |
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Investments | 5 |
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Current assets | |||||
Stocks | 6 |
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Debtors | 7 |
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Cash at bank and in hand |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year | 8 | ( |
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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 | 9 | ( |
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Accruals and deferred income | ( |
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Total net assets (liabilities) |
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Capital and reserves | |||||
Called up share capital | 11 |
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Share premium account |
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Profit and loss account | ( |
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Shareholders' funds |
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Balance Sheet
as at
The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.
Signed on behalf of the board of directors
...............................
Mr R Flint
Director
Approved by the board on
Company Number: 08539002 (a Private Company Limited by Shares registered in England and Wales)
Registered Office:
71-75 Shelton Street
Notes to the Accounts
for the year ended
1. | Accounting policies |
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Basis of preparation of financial statements |
Going concern basis | |
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The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future. |
Revenue recognition | |
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Tangible fixed assets depreciation policy | |||||||||||
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Intangible fixed assets | |
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Stocks | |
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Deferred taxation | |
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Foreign currencies | |
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2. | Employees | |||
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2020 | 2019 | |||
Average number of employees during the period |
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3. | Intangible fixed assets | |||
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Other | Total | |||
Cost | £ | £ | ||
At 1 June 2019 |
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Additions |
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At 31 May 2020 |
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Amortisation | ||||
At 1 June 2019 |
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Provided during the period |
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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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4. | Tangible fixed assets | |||||||||||
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Computer equipment | Fixtures, fittings, tools & equipment | Land & buildings | Plant & machinery | Vehicles, plant & machinery | Total | |||||||
Cost or valuation | £ | £ | £ | £ | £ | £ | ||||||
At 1 June 2019 |
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Additions |
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Disposals | ( |
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Transfers |
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At 31 May 2020 |
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Depreciation | ||||||||||||
At 1 June 2019 |
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Charge for the period |
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On disposals | ( |
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Other adjustments | 0 | (30,406) | 0 | 30,406 | 0 |
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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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During the year, the company re-estimated the useful life of production fixed assets (shown in Plant & Machinery) from 5 years to 7 years. |
5. | Investments | |||
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Shares in subsidiary undertakings | Total | |||
£ | £ | |||
Carrying amount at 1 June 2019 |
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Carrying amount at 31 May 2020 |
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Group undertakings and participating interests The company owns a wholly owned subsidiary, Hedkase Limited (Xiamen) Technology Co. Ltd registered in China. |
6. | Stocks | |||
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2020 | 2019 | |||
£ | £ | |||
Work in progress |
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Finished goods |
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7. | Debtors | |||
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2020 | 2019 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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8. | Creditors: amounts falling due within one year | |||
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2020 | 2019 | |||
£ | £ | |||
Bank Loans & Overdrafts |
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Trade creditors |
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Taxation & social security | ( |
( |
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Other creditors |
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9. | Creditors: amounts falling due after one year | |||
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2020 | 2019 | |||
£ | £ | |||
Bank Loans & overdrafts |
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Other |
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10. | Provisions | |||
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2020 | 2019 | |||
£ | £ | |||
Deferred tax | ( |
( |
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Other |
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(5,937) | (16,394) |
11. | Share capital | |||
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2020 | 2019 | |||
£ | £ | |||
204 | 200 | |||
During the period 4 shares were issued. The aggregate nominal value of these shares was £4 and the consideration received was £200,000. |
Related party disclosures | ||
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During the period of accounts a transaction occurred between this company and a related party, EMR Digital Ltd. The relationship between the parties is EMR Digital Ltd is a shareholder. At the balance sheet date the company owed the related party £105,078 (2019 - £92,678). |
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Controlling party The company is controlled by two of the directors Mr R Flint and Ms L Chong, who together own 66.67% of the called up share capital. |