LBW Staircases Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07520399 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2019

for

LBW Staircases Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L White

REGISTERED OFFICE:

The Old Dryer

Hinton Business Park

Tarrant Hinton

Blandford Forum

Dorset

DT11 8JF

REGISTERED NUMBER:

07520399 (England and Wales)

ACCOUNTANTS:

KingsBere Accountants Limited

The Old Dryer

Hinton Business Park

Tarrant Hinton

Blandford Forum

Dorset

DT11 8JF

FIXED ASSETS

Intangible assets

4

24,167

26,167

Tangible assets

5

7,006

1,341

31,173

27,508

CURRENT ASSETS

Stocks

400

425

Debtors

6

3,451

3,914

Cash at bank

5,554

10,024

9,405

14,363

CREDITORS

Amounts falling due within one year

7

7,785

6,825

NET CURRENT ASSETS

1,620

7,538

TOTAL ASSETS LESS CURRENT LIABILITIES

32,793

35,046

CREDITORS

Amounts falling due after more than one year

8

35,000

35,000

NET (LIABILITIES)/ASSETS

(2,207

)

46

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

(2,307

)

(54

)

SHAREHOLDERS' FUNDS

(2,207

)

46

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 4 October 2019 and were signed by:

L White - Director

1.	STATUTORY INFORMATION

LBW Staircases 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred tax

is measured using tax rates and laws that have been enacted or substantively enacted by the

year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2018

and 30 April 2019

40,000

AMORTISATION

At 1 May 2018

13,833

Charge for year

2,000

At 30 April 2019

15,833

NET BOOK VALUE

At 30 April 2019

24,167

At 30 April 2018

26,167

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2018

6,750

3,300

250

10,300

Additions

-

8,000

-

8,000

At 30 April 2019

6,750

11,300

250

18,300

DEPRECIATION

At 1 May 2018

5,849

2,860

250

8,959

Charge for year

225

2,110

-

2,335

At 30 April 2019

6,074

4,970

250

11,294

NET BOOK VALUE

At 30 April 2019

676

6,330

-

7,006

At 30 April 2018

901

440

-

1,341

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade debtors

2,445

3,545

Other debtors

1,006

369

3,451

3,914

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade creditors

1,545

1,859

Taxation and social security

(105

)

56

Other creditors

6,345

4,910

7,785

6,825

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.19

30.4.18

£

£

Other creditors

35,000

35,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.19

30.4.18

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 May 2018

(54

)

Deficit for the year

(2,253

)

At 30 April 2019

(2,307

)