REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2022 |
FOR |
PROFESSIONAL FABRIC DYES LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2022 |
FOR |
PROFESSIONAL FABRIC DYES LIMITED |
PROFESSIONAL FABRIC DYES LIMITED (REGISTERED NUMBER: 10028636) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 28 February 2022 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
PROFESSIONAL FABRIC DYES LIMITED |
COMPANY INFORMATION |
for the Year Ended 28 February 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
2 Park Court |
Pyrford Road |
West Byfleet |
Surrey |
KT14 6SD |
PROFESSIONAL FABRIC DYES LIMITED (REGISTERED NUMBER: 10028636) |
STATEMENT OF FINANCIAL POSITION |
28 February 2022 |
28.2.22 | 28.2.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
PROFESSIONAL FABRIC DYES LIMITED (REGISTERED NUMBER: 10028636) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 28 February 2022 |
1. | STATUTORY INFORMATION |
Professional Fabric Dyes Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant and machinery etc | - |
Government grants |
During the accounting period, the company received £313 in interest paid by the government on a Bounce Back Loan. |
This grant has been recognised under other operating income. |
The company is not aware on any unfulfilled conditions or other contingencies attached to this grants and has not received any other form of government assistance during the financial period. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2021 - NIL). |
PROFESSIONAL FABRIC DYES LIMITED (REGISTERED NUMBER: 10028636) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 28 February 2022 |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1 March 2021 |
and 28 February 2022 |
AMORTISATION |
At 1 March 2021 |
Charge for year |
At 28 February 2022 |
NET BOOK VALUE |
At 28 February 2022 |
At 28 February 2021 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 March 2021 |
and 28 February 2022 |
DEPRECIATION |
At 1 March 2021 |
Charge for year |
At 28 February 2022 |
NET BOOK VALUE |
At 28 February 2022 |
At 28 February 2021 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.22 | 28.2.21 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.22 | 28.2.21 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
PROFESSIONAL FABRIC DYES LIMITED (REGISTERED NUMBER: 10028636) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 28 February 2022 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.2.22 | 28.2.21 |
£ | £ |
Other creditors |
9. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
28.2.22 | 28.2.21 |
£ | £ |
Within one year |
Between one and five years |
10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
At the year end, the Company owed the Director the sum of £14,868 (2021 - £90,188). Interest was not charged in the year (2021 - £1,357) and the loan is repayable on demand. |