Company Registration No. 6555908 (England and Wales)
Lafford Carpentry Limited
Unaudited accounts
for the year ended 31 March 2019
Lafford Carpentry Limited
Unaudited accounts
Contents
Lafford Carpentry Limited
Company Information
for the year ended 31 March 2019
Director
Mr. B. S. Lafford
Company Number
6555908 (England and Wales)
Registered Office
21 Burghly Road
London
N8 0QG
United Kingdom
Accountants
Gor Accountants Limited
168 Long Elmes
Harrow
Middlesex
HA3 5JZ
Lafford Carpentry Limited
Statement of financial position
as at 31 March 2019
Intangible assets
7,449
8,277
Tangible assets
15,957
19,744
Cash at bank and in hand
17,061
11,314
Creditors: amounts falling due within one year
(17,991)
(20,789)
Net current liabilities
(681)
(9,475)
Called up share capital
100
100
Profit and loss account
22,625
18,446
Shareholders' funds
22,725
18,546
For the year ending 31 March 2019 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.
Approved by the Board on 30 May 2019.
Mr. B. S. Lafford
Director
Company Registration No. 6555908
Lafford Carpentry Limited
Notes to the Accounts
for the year ended 31 March 2019
Lafford Carpentry Limited is a private company, limited by shares, registered in England and Wales, registration number 6555908. The registered office is 21 Burghly Road, London, N8 0QG, United Kingdom.
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.
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 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:
Motor vehicles
25% reducing balance
Computer equipment
5% reducing balance
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Lafford Carpentry Limited
Notes to the Accounts
for the year ended 31 March 2019
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2018
6,038
30,360
36,398
At 31 March 2019
6,653
30,360
37,013
At 1 April 2018
3,371
13,283
16,654
Charge for the year
133
4,269
4,402
At 31 March 2019
3,504
17,552
21,056
At 31 March 2019
3,149
12,808
15,957
At 31 March 2018
2,667
17,077
19,744
Accrued income and prepayments
249
-
7
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
5,581
5,139
Loans from directors
12,040
15,280
8
Average number of employees
During the year the average number of employees was 1 (2018: 1).
