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REGISTERED NUMBER: 09876846 (England and Wales)












Financial Statements

for the Year Ended 30 November 2021

for

Appleby's Specialities Ltd

Appleby's Specialities Ltd (Registered number: 09876846)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Appleby's Specialities Ltd

Company Information
for the Year Ended 30 November 2021







DIRECTORS: S Appleby
Miss C Murphy
R S K Appleby





REGISTERED OFFICE: Archwood House
46 - 48 Long Street
Middleton
Manchester
M24 6UQ





REGISTERED NUMBER: 09876846 (England and Wales)





ACCOUNTANTS: Archwood Accountants
Archwood House
46-48 Long Street
Middleton
Manchester
M24 6UQ

Appleby's Specialities Ltd (Registered number: 09876846)

Balance Sheet
30 November 2021

30.11.21 30.11.20
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 12,432 15,835

CURRENT ASSETS
Inventories 1,590 1,720
Debtors 5 2,565 9,648
Cash at bank and in hand 15,731 12,762
19,886 24,130
CREDITORS
Amounts falling due within one year 6 14,744 18,095
NET CURRENT ASSETS 5,142 6,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,574

21,870

CREDITORS
Amounts falling due after more than one year 7 (14,310 ) (17,794 )

PROVISIONS FOR LIABILITIES (3,109 ) (3,959 )
NET ASSETS 155 117

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 55 17
155 117

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

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.

Appleby's Specialities Ltd (Registered number: 09876846)

Balance Sheet - continued
30 November 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 May 2022 and were signed on its behalf by:





S Appleby - Director


Appleby's Specialities Ltd (Registered number: 09876846)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

Appleby's Specialities Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 5 ) .

Appleby's Specialities Ltd (Registered number: 09876846)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2020 5,976 20,220 26,196
Additions 195 - 195
At 30 November 2021 6,171 20,220 26,391
DEPRECIATION
At 1 December 2020 2,076 8,285 10,361
Charge for year 614 2,984 3,598
At 30 November 2021 2,690 11,269 13,959
NET BOOK VALUE
At 30 November 2021 3,481 8,951 12,432
At 30 November 2020 3,900 11,935 15,835

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Other debtors 2,565 2,367
Directors' current accounts - 7,281
2,565 9,648

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Bank loans and overdrafts 3,846 2,562
Trade creditors 1,532 -
Tax 7,064 12,129
Social security and other taxes 100 151
Pension 288 987
VAT - 181
Directors' current accounts 219 -
Accrued expenses 1,695 2,085
14,744 18,095

Appleby's Specialities Ltd (Registered number: 09876846)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.21 30.11.20
£    £   
Bank loans - 1-2 years 3,943 3,859
Bank loans - 2-5 years 10,367 11,821
Bank loans more 5 yr by instal - 2,114
14,310 17,794

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 2,114

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2021 and 30 November 2020:

30.11.21 30.11.20
£    £   
S Appleby
Balance outstanding at start of year 7,281 4,675
Amounts advanced - 7,281
Amounts repaid (7,281 ) (4,675 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 7,281