St. Laurence Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07130024 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

St. Laurence Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M H Johal

J G Moss

P O Northwood

A Sheldon

SECRETARY:

M H Johal

REGISTERED OFFICE:

River Dell

Victoria Avenue

Shrewsbury

Shropshire

SY1 1JT

REGISTERED NUMBER:

07130024 (England and Wales)

ACCOUNTANTS:

Caerwyn Jones

Chartered Accountants

Emstrey House

Shrewsbury Business Park

Shrewsbury

Shropshire

SY2 6LG

BANKERS:

National Westminster Bank Plc

8 Mardol Head

Shrewsbury

Shropshire

SY1 1HE

CURRENT ASSETS

Inventories

231,922

220,304

Debtors

3

8,022

8,482

Cash at bank

51,408

65,108

291,352

293,894

CREDITORS

Amounts falling due within one year

4

173,677

167,926

NET CURRENT ASSETS

117,675

125,968

TOTAL ASSETS LESS CURRENT LIABILITIES

117,675

125,968

CAPITAL AND RESERVES

Called up share capital

60

60

Retained earnings

117,615

125,908

SHAREHOLDERS' FUNDS

117,675

125,968

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 applicable to companies subject to the small companies regime.

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 16 December 2019 and were signed on its behalf by:

P O Northwood - Director

1.	STATUTORY INFORMATION

St. Laurence Homes Limited 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.

Stocks

Inventories 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.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

8,022

8,482

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

751

-

Other creditors

172,926

167,926

173,677

167,926

5.	RELATED PARTY DISCLOSURES

Included in creditors due within one year are amounts totalling £167,176 (2018 - £167,176) due to the

directors of the company. These balances are repayable on demand. No interest was charged on these

loans during the year.

During the year consultancy services and printing costs totalling £725 (2018 - £483) were provided by

Moss Co LLP, a partnership which has J G Moss as a director in common. At the balance sheet date £Nil

(2017 - £Nil) was due to Moss Co LLP.

Dividends of £5,000 (2018 - £12,500) were paid out by the company and received by the directors during

the year.