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Andrew Muir Decorative Arts and Design Ltd
Registered Number:07267601
For the year ended 28 February 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2021
Andrew Muir Decorative Arts and Design Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07267601
As at 28 February 2021
Andrew Muir Decorative Arts and Design Ltd
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
19,029
23,439
2
19,029
23,439
Current assets
Inventories
164,920
30,110
3
Trade and other receivables
18,979
18,979
4
10,357
Cash and cash equivalents
88,490
137,579
194,256
Trade and other payables: amounts falling due within one
year
(155,298)
(72,194)
5
38,958
65,385
Net current assets
Total assets less current liabilities
84,414
62,397
Trade and other payables: amounts falling due after more
than one year
-
(50,000)
6
34,414
Net assets
62,397
Capital and reserves
Called up share capital
100
100
Retained earnings
34,314
62,297
34,414
62,397
Shareholders' funds
For the year ended 28 February 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2021 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs J Muir Director
These financial statements were approved and authorised for issue by the Board on 06 July 2021 and were signed by:
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4
Registered Number :
07267601
For the year ended 28 February 2021
Andrew Muir Decorative Arts and Design Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 28 February 2021
Andrew Muir Decorative Arts and Design Ltd
Notes to the Financial Statements
Statutory Information
Andrew Muir Decorative Arts and Design Ltd is a private limited company, limited by shares, domiciled in England and
Wales, registration number 07267601.
Registered address:
'The Stables'
Dudley Road
Lye, Stourbridge
West Midlands
DY9 8EL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 March 2020
33,970
1,000
9,463
22,350
1,157
At 28 February 2021
22,350
9,463
1,000
33,970
1,157
Provision for depreciation and impairment
At 01 March 2020
10,531
556
4,913
4,470
592
Charge for year
4,410
67
682
3,576
85
At 28 February 2021
14,941
623
5,595
8,046
677
At 28 February 2021
Net book value
480
14,304
3,868
377
19,029
At 29 February 2020
565
17,880
4,550
444
23,439
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6
For the year ended 28 February 2021
Andrew Muir Decorative Arts and Design Ltd
Notes to the Financial Statements Continued
3. Inventories
2020
2021
£
£
Stocks
30,110
164,920
4. Trade and other receivables
2020
2021
£
£
Other debtors
18,979
18,979
5. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Bank loans and overdraft
16,250
106,817
Trade creditors
-
3,300
Taxation and social security
35,538
24,775
Other creditors
20,406
20,406
72,194
155,298
6. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
Bank loans and overdraft
50,000
-
7. Average number of persons employed
During the year the average number of employees was 0
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