Company Registration No. 09068865 (England and Wales)
RESTORMEL RE-UPHOLSTERY LIMITED
Unaudited accounts
for the year ended 31 May 2023
RESTORMEL RE-UPHOLSTERY LIMITED
Unaudited accounts
Contents
RESTORMEL RE-UPHOLSTERY LIMITED
Company Information
for the year ended 31 May 2023
Company Number
09068865 (England and Wales)
Registered Office
59a PAR GREEN
PAR
PL24 2AF
Accountants
SG ACCOUNTANCY
102 TREVERBYN ROAD
CARCLAZE IND ESTATE
ST AUSTELL
CORNWALL
PL25 4EW
RESTORMEL RE-UPHOLSTERY LIMITED
Accountants' report
Accountants' report to the director of RESTORMEL RE-UPHOLSTERY LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
RESTORMEL RE-UPHOLSTERY LIMITED for the year ended
31 May 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of RESTORMEL RE-UPHOLSTERY LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of RESTORMEL RE-UPHOLSTERY LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RESTORMEL RE-UPHOLSTERY LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that RESTORMEL RE-UPHOLSTERY 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 RESTORMEL RE-UPHOLSTERY LIMITED. You consider that RESTORMEL RE-UPHOLSTERY 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 RESTORMEL RE-UPHOLSTERY 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.
SG ACCOUNTANCY
102 TREVERBYN ROAD
CARCLAZE IND ESTATE
ST AUSTELL
CORNWALL
PL25 4EW
9 February 2024
RESTORMEL RE-UPHOLSTERY LIMITED
Statement of financial position
as at 31 May 2023
Tangible assets
18,307
21,691
Cash at bank and in hand
89,062
87,864
Creditors: amounts falling due within one year
(48,071)
(55,500)
Net current assets
42,004
33,180
Called up share capital
1
1
Profit and loss account
60,310
54,870
Shareholders' funds
60,311
54,871
For the year ending 31 May 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 February 2024 and were signed on its behalf by
C WILLIAMS
Director
Company Registration No. 09068865
RESTORMEL RE-UPHOLSTERY LIMITED
Notes to the Accounts
for the year ended 31 May 2023
RESTORMEL RE-UPHOLSTERY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09068865. The registered office is 59a PAR GREEN, PAR, PL24 2AF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2022
3,264
27,500
30,764
At 31 May 2023
5,569
27,500
33,069
At 1 June 2022
2,404
6,669
9,073
Charge for the year
481
5,208
5,689
At 31 May 2023
2,885
11,877
14,762
At 31 May 2023
2,684
15,623
18,307
At 31 May 2022
860
20,831
21,691
Amounts falling due within one year
Accrued income and prepayments
371
371
RESTORMEL RE-UPHOLSTERY LIMITED
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
17,830
17,488
Loans from directors
27,805
36,132
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).