LB & PB Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10346104 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2019

for

LB & PB Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P H Brumwell

L J Brumwell

REGISTERED OFFICE:

106 Lady Byron Lane

Knowle

Solihull

West Midlands

B93 9BA

REGISTERED NUMBER:

10346104 (England and Wales)

ACCOUNTANTS:

Barker & Co

Chartered Accountants

Street Ashton Farmhouse

Stretton Under Fosse

Rugby

Warwickshire

CV23 0PH

FIXED ASSETS

Tangible assets

4

848

332

CURRENT ASSETS

Debtors

5

6,750

5,324

Cash at bank

22,398

13,738

29,148

19,062

CREDITORS

Amounts falling due within one year

6

17,847

11,029

NET CURRENT ASSETS

11,301

8,033

TOTAL ASSETS LESS CURRENT LIABILITIES

12,149

8,365

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

12,049

8,265

SHAREHOLDERS' FUNDS

12,149

8,365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 27th July 2019 and were signed on its behalf by:

P H Brumwell - Director

L J Brumwell - Director

1.	STATUTORY INFORMATION

LB & PB 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

Turnover 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2018

339

Additions

719

At 31st March 2019

1,058

DEPRECIATION

At 1st April 2018

7

Charge for year

203

At 31st March 2019

210

NET BOOK VALUE

At 31st March 2019

848

At 31st March 2018

332

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Prepayments

6,750

5,324

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Corporation tax

7,800

2,500

Directors' current accounts

6,966

4,774

Accruals

3,081

3,755

17,847

11,029

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1

100

100

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mr PH Brumwell and Mrs LJ Brumwell

£

Capital introduced

(30,158)

Expenses withdrawn

57,966

Interest was charged on the directors overdrawn loan account of £Nil (£294 2018) at a rate of 3%.

9.	ULTIMATE CONTROLLING PARTY

Mr PH Brumwell and Mrs L J Brumwell are the ultimate controlling party with 100% share holding.