Company Registration No. 09236672 (England and Wales)
BARDS COLLECTIVE LIMITED
Unaudited accounts
for the year ended 30 September 2019
BARDS COLLECTIVE LIMITED
Unaudited accounts
Contents
BARDS COLLECTIVE LIMITED
Company Information
for the year ended 30 September 2019
Company Number
09236672 (England and Wales)
Registered Office
UNIT 12
10 CAXTON STREET
LONDON
SW1H 0AQ
ENGLAND
BARDS COLLECTIVE LIMITED
Accountants' report
Accountants' report to the director of BARDS COLLECTIVE LIMITED on the preparation of the unaudited statutory accounts for the year ended 30 September 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
BARDS COLLECTIVE LIMITED for the year ended
30 September 2019 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of BARDS COLLECTIVE LIMITED, as a body, in accordance with the terms of our engagement letter dated 28 June 2020. Our work has been undertaken solely to prepare for your approval the accounts of BARDS COLLECTIVE LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BARDS COLLECTIVE LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that BARDS COLLECTIVE LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of BARDS COLLECTIVE LIMITED. You consider that BARDS COLLECTIVE LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of BARDS COLLECTIVE LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
BARDS COLLECTIVE LIMITED
Statement of financial position
as at
30 September 2019
Tangible assets
4,059
1,414
Cash at bank and in hand
4,002
4,643
Creditors: amounts falling due within one year
(16,802)
(14,443)
Net current assets
36,093
24,176
Called up share capital
300
300
Share premium
2,700
2,700
Profit and loss account
37,152
22,590
Shareholders' funds
40,152
25,590
For the year ending 30 September 2019 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 director acknowledges his 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 and authorised for issue on 28 June 2020 and were signed on its behalf by
Edoardo Cassina
Director
Company Registration No. 09236672
BARDS COLLECTIVE LIMITED
Notes to the Accounts
for the year ended 30 September 2019
BARDS COLLECTIVE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09236672. The registered office is UNIT 12, 10 CAXTON STREET, LONDON, SW1H 0AQ, ENGLAND.
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:
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2018
4,165
411
4,576
At 30 September 2019
4,165
6,739
10,904
At 1 October 2018
2,918
244
3,162
Charge for the year
1,459
2,224
3,683
At 30 September 2019
4,377
2,468
6,845
At 30 September 2019
(212)
4,271
4,059
At 30 September 2018
1,247
167
1,414
Trade debtors
44,903
33,976
BARDS COLLECTIVE LIMITED
Notes to the Accounts
for the year ended 30 September 2019
6
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
1,250
-
Trade creditors
1,610
1,684
Taxes and social security
7,380
7,558
Other creditors
2,716
1,602
Loans from directors
3,846
3,599
7
Transactions with related parties
The company was under the control of Edoardo Cassina throughout the current period. Edoardo Cassina is personally interested in 100% of the company's issued share capital.
8
Average number of employees
During the year the average number of employees was 1 (2018: 0).