Accounts filed on 30-09-2019


Registered number: 04442647






Latimer Equipment Services Limited


ACCOUNTS

FOR THE YEAR ENDED 30/09/2019
























Prepared By:
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL


Latimer Equipment Services Limited


ACCOUNTS
FOR THE YEAR ENDED 30/09/2019





DIRECTORS
Mr F Riccioni
Mrs S Riccioni



SECRETARY
Mrs S Riccioni


REGISTERED OFFICE
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04442647



ACCOUNTANTS
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL


ACCOUNTS
FOR THEYEARENDED30/09/2019



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30/09/2019

			2019		2018
	Notes		£		£

FIXED ASSETS
Intangible assets	2		2,500		5,000
Tangible assets	3		74,506		97,584

			77,006		102,584

CURRENT ASSETS
Stock		12,685		11,522
Debtors	5	11,310		16,135
Cash at bank and in hand		19,087		20,096
		43,082		47,753
CREDITORS: Amounts falling due within one year	6	118,328		125,712
NET CURRENT LIABILITIES			(75,246)		(77,959)
TOTAL ASSETS LESS CURRENT LIABILITIES			1,760		24,625


CREDITORS: Amounts falling due after more than one year	7		-		14,960

NET ASSETS			1,760		9,665

CAPITAL AND RESERVES

Called up share capital	9		2		2
Revaluation reserve	1f,10		237		237
Profit and loss account			1,521		9,426
SHAREHOLDERS' FUNDS			1,760		9,665

For the year ending 30/09/2019 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 09/12/2019 and signed on their behalf by



.............................
Mr F Riccioni
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 25%
Fixtures and Fittings		reducing balance 15%
Equipment		reducing balance 25%
Motor Cars		reducing balance 25%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




1f. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 10).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.




5. DEBTORS	2019	2018
	£	£
Amounts falling due within one year
Trade debtors	11,310	16,135
	11,310	16,135




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2019	2018
	£	£
UK corporation tax	5,084	7,380
VAT	5,807	6,991
PAYE control	462	-
Directors current account	84,399	83,334
Credit card	326	1,278
Hire purchase	15,231	21,474
Trade creditors	3,448	4,095
Other creditors	2,156	-
Pension schemes	147	-
Accruals	1,268	1,160
	118,328	125,712




7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2019	2018
	£	£
Hire purchase >1yr	-	14,960
	-	14,960




9. SHARE CAPITAL	2019	2018
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each	2	2
	2	2




11. CONTROLLING PARTY
The company is controlled by Mr F Riccioni and Mrs S Riccioni.