Leedon Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08421984 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2019

FOR

LEEDON LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L Pettefer

REGISTERED OFFICE:

Landmark House

1 Riseholme Road

Lincoln

Lincolnshire

LN1 3SN

BUSINESS ADDRESS:

38a Long Leys Road

Lincoln

Lincolnshire

LN1 1DP

REGISTERED NUMBER:

08421984 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe (Lincoln) Ltd

Landmark House

1 Riseholme Road

Lincoln

Lincolnshire

LN1 3SN

FIXED ASSETS

Tangible assets

4

26,530

19,512

CURRENT ASSETS

Stocks

33,520

32,286

Debtors

11,952

3,420

Cash at bank

18,630

21

64,102

35,727

CREDITORS

Amounts falling due within one year

68,750

67,417

NET CURRENT LIABILITIES

(4,648

)

(31,690

)

TOTAL ASSETS LESS CURRENT LIABILITIES

21,882

(12,178

)

CREDITORS

Amounts falling due after more than one year

(12,628

)

(4,125

)

PROVISIONS FOR LIABILITIES

(5,041

)

(3,707

)

NET ASSETS/(LIABILITIES)

4,213

(20,010

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

4,212

(20,011

)

SHAREHOLDERS' FUNDS

4,213

(20,010

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 25 November 2019 and were signed by:

L Pettefer - Director

1.	STATUTORY INFORMATION

Leedon 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2018

27,733

Additions

17,083

Disposals

(4,500

)

At 28 February 2019

40,316

DEPRECIATION

At 1 March 2018

8,221

Charge for year

7,534

Eliminated on disposal

(1,969

)

At 28 February 2019

13,786

NET BOOK VALUE

At 28 February 2019

26,530

At 28 February 2018

19,512