Company Registration Number 09495251 (England and Wales)
ANGLIAN TOOL AGENCY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
PAGES FOR FILING WITH REGISTRAR
ANGLIAN TOOL AGENCY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2020
31 March 2020
- 1 -
2020
2019
£
£
£
£
Fixed assets
2,316
1,157
Current assets
122,437
101,617
Prepayments and accrued income
997
957
Creditors: amounts falling due within one year
(47,805)
(77,105)
Net current assets
75,629
25,469
Total assets less current liabilities
77,945
26,626
Creditors: amounts falling due after more than one year
(41,942)
-
Accruals and deferred income
(1,490)
(1,485)
Net assets
34,513
25,141
Capital and reserves
34,513
25,141
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
During the year, the director operated a director's loan account. At the 31 March 2020, the loan account was overdrawn by £8,995. Interest of £144 was debited to the account, at a rate of 2.5%.
2
Employees
The average number of persons
,
including directors
,
employed by the company during the year wa
s as follows:
2020
2019
Number
Number
Employees
3
3
ANGLIAN TOOL AGENCY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2020
31 March 2020
- 2 -
3
Going concern
At the balance sheet date the UK was in a national lockdown as a result of the global COVID-19 pandemic. Initially trading slumped but very soon recovered to pre COVID levels. The company received a £10,000 local authority COVID grant which meant it was able to adapt its practices to accommodate social distancing measures. The company also made use of the furlough scheme through the first lockdown and took out a Coronavirus Business Interruption Loan of £85,000 after the year end.
Despite, at the time of signing the financial statements, the UK being in the midst of its third national lockdown the directors remain optimistic about the future and that the company will remain a going concern.
Anglian Tool Agency Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lancaster House, 87 Yarmouth Road, Norwich, Norfolk, NR7 0HF.
For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 15 March 2021
Mrs H Woods
Director
Company Registration Number 09495251