Leysop Limited - Accounts to registrar (filleted) - small 18.2
Leysop Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 28 February 2019 |
| for |
| LEYSOP LIMITED |
| LEYSOP LIMITED (REGISTERED NUMBER: 02873385) |
| Contents of the Financial Statements |
| for the year ended 28 February 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| LEYSOP LIMITED |
| Company Information |
| for the year ended 28 February 2019 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| Coopers House |
| 65a Wingletye Lane |
| Hornchurch |
| Essex |
| RM11 3AT |
| LEYSOP LIMITED (REGISTERED NUMBER: 02873385) |
| Balance Sheet |
| 28 February 2019 |
| 28.2.19 | 28.2.18 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Stock and work in progress |
| Debtors | 5 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current assets |
| Total assets less current liabilities |
| Capital and reserves |
| Called up share capital | 7 |
| Share premium | 8 |
| Retained earnings | 8 |
| Shareholders' funds |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| LEYSOP LIMITED (REGISTERED NUMBER: 02873385) |
| Notes to the Financial Statements |
| for the year ended 28 February 2019 |
| 1. | Statutory information |
| Leysop Limited is a |
| number and registered office address can be found on the Company Information page. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Key source of estimation, uncertainty and judgement |
| The preparation of financial statements in conformity with generally accepted accounting practice requires management to |
| make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of |
| contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the |
| reporting period. |
| There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out |
| at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as |
| possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be |
| uncollectable. |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding value added tax. |
| Tangible fixed assets |
| Freehold property | - |
| Improvements to property | - |
| Plant and machinery | - |
| Stock and work in progress |
| Stocks are valued at the lower of cost and net realisable value, after making due allowances obsolete and slow moving |
| items. Work in progress is valued at the percentage of the sale value completed at the balance sheet date. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at 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 |
| LEYSOP LIMITED (REGISTERED NUMBER: 02873385) |
| Notes to the Financial Statements - continued |
| for the year ended 28 February 2019 |
| 4. | Tangible fixed assets |
| Improvements |
| Freehold | to | Plant and | Computer |
| property | property | machinery | equipment | Totals |
| £ | £ | £ | £ | £ |
| Cost |
| At 1 March 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 28 February 2019 |
| Depreciation |
| At 1 March 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 28 February 2019 |
| Net book value |
| At 28 February 2019 | ( |
) |
| At 28 February 2018 |
| 5. | Debtors: amounts falling due within one year |
| 28.2.19 | 28.2.18 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | Creditors: amounts falling due within one year |
| 28.2.19 | 28.2.18 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 28.2.19 | 28.2.18 |
| value: | £ | £ |
| Ordinary | £1 | 133 | 133 |
| LEYSOP LIMITED (REGISTERED NUMBER: 02873385) |
| Notes to the Financial Statements - continued |
| for the year ended 28 February 2019 |
| 8. | Reserves |
| Retained | Share |
| earnings | premium | Totals |
| £ | £ | £ |
| At 1 March 2018 | 633,243 |
| Profit for the year |
| At 28 February 2019 | 743,254 |