Registration number:
Reads Gifts and Services Limited
for the Year Ended 31 December 2021
Reads Gifts and Services Limited
Contents
Company Information |
|
Directors' Report |
|
Accountants' Report |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Reads Gifts and Services Limited
Company Information
Directors |
Mr Gary Read Lisa Read |
Registered office |
|
Reads Gifts and Services Limited
Directors' Report for the Year Ended 31 December 2021
The directors present their report and the financial statements for the year ended 31 December 2021.
This report has been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
Directors of the company
The directors who held office during the year were as follows:
Going concern
During the first quarter of the year the company was impacted heavily by the Covid-19 Pandemic as a result of local and national lockdown's and trade restrictions meaning the retail premises were closed for a considerable period.
The company however was able to secure funding via the Coronavirus bounce back loan scheme in the previous year that meant it was able to meet it's liabilities as they fell due.
The directors consider the company will be able to meet it's liabilities as they fall due over the next 12 months.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
......................................... |
......................................... |
Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Reads Gifts and Services Limited
for the Year Ended 31 December 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Reads Gifts and Services Limited for the year ended 31 December 2021 as set out on pages 4 to 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.
This report is made solely to the Board of Directors of Reads Gifts and Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Reads Gifts and Services Limited and state those matters that we have agreed to state to the Board of Directors of Reads Gifts and Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reads Gifts and Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Reads Gifts and Services 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 Reads Gifts and Services Limited. You consider that Reads Gifts and Services 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 Reads Gifts and Services 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.
......................................
Chartered Certified Accountants
Mills Way
Amesbury
Salisbury
Wiltshire
SP4 7SD
Reads Gifts and Services Limited
(Registration number: 11732983)
Balance Sheet as at 31 December 2021
2021 |
2020 |
|
Fixed assets |
|
|
Current assets |
|
|
Prepayments and accrued income |
|
|
Creditors: Amounts falling due within one year |
( |
( |
Net current assets |
|
|
Total assets less current liabilities |
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
Accruals and deferred income |
( |
( |
|
|
|
Capital and reserves |
|
|
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Reads Gifts and Services Limited
(Registration number: 11732983)
Balance Sheet as at 31 December 2021
Related party transactions |
Transactions with directors |
2021 |
At 1 January 2021 |
Advances to director |
At 31 December 2021 |
Director 1 |
- |
|
|
Director 2 |
- |
|
|
- |
5,614 |
5,614 |
|
For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved and authorised by the
......................................... |
......................................... |