REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 MARCH 2019 TO 31 MARCH 2020 |
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FOR |
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PREMIER CRAFTS (CLEADON) LTD |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 MARCH 2019 TO 31 MARCH 2020 |
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FOR |
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PREMIER CRAFTS (CLEADON) LTD |
PREMIER CRAFTS (CLEADON) LTD (REGISTERED NUMBER: 11211104) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 1 March 2019 to 31 March 2020 |
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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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PREMIER CRAFTS (CLEADON) LTD |
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COMPANY INFORMATION |
for the Period 1 March 2019 to 31 March 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
43a Front Street |
Cleadon Village |
Sunderland |
SR6 7PG |
PREMIER CRAFTS (CLEADON) LTD (REGISTERED NUMBER: 11211104) |
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BALANCE SHEET |
31 March 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their 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 Profit and loss account has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised
for issue on
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PREMIER CRAFTS (CLEADON) LTD (REGISTERED NUMBER: 11211104) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Period 1 March 2019 to 31 March 2020 |
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1. | STATUTORY INFORMATION |
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Premier Crafts (Cleadon) Ltd is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Whilst the company balance sheet shows an insolvent position, the shareholders have given assurances that they will continue to support the company. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis. |
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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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Tangible fixed assets |
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Showroom displays | - |
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Fixtures and fittings | - |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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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 period was
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PREMIER CRAFTS (CLEADON) LTD (REGISTERED NUMBER: 11211104) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 March 2019 to 31 March 2020 |
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4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Showroom | and |
property | displays | fittings | Totals |
£ | £ | £ | £ |
COST |
At 1 March 2019 |
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Additions |
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At 31 March 2020 |
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DEPRECIATION |
At 1 March 2019 |
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Charge for period |
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At 31 March 2020 |
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NET BOOK VALUE |
At 31 March 2020 |
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At 28 February 2019 |
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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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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | RELATED PARTY DISCLOSURES |
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During the period the company entered into transactions, in the ordinary course of business, with other related parties. Transactions entered into and balances outstanding at the period end, are as follows: |
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Entities with significant influence over the company | £ |
Purchases made from related parties | 55,814 |
Amounts due to related parties | 92,683 |