Lightfoot Plumbing & Heating Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07151908 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Lightfoot Plumbing & Heating Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N D Lightfoot

SECRETARY:

Mrs H R Barnard

REGISTERED OFFICE:

Unit 3 County Business Park

Darlington Road

Northallerton

DL6 2NQ

REGISTERED NUMBER:

07151908 (England and Wales)

ACCOUNTANTS:

H2H Accountancy Limited

Evolution Bus Centre

6 County Business Park

Northallerton

North Yorkshire

DL6 2NQ

FIXED ASSETS

Tangible assets

4

2,918

3,918

CURRENT ASSETS

Stocks

2,750

2,500

Debtors

5

27,711

27,887

Prepayments and accrued income

583

440

Cash at bank and in hand

45,900

27,821

76,944

58,648

CREDITORS

Amounts falling due within one year

6

46,101

35,680

NET CURRENT ASSETS

30,843

22,968

TOTAL ASSETS LESS CURRENT LIABILITIES

33,761

26,886

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

33,661

26,786

33,761

26,886

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 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 23 December 2019 and were signed by:

N D Lightfoot - Director

1.	STATUTORY INFORMATION

Lightfoot Plumbing & Heating 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.

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

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions

payable to the company's pension scheme are charged to profit or loss in

the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2018 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

and 31 March 2019

6,815

DEPRECIATION

At 1 April 2018

2,897

Charge for year

1,000

At 31 March 2019

3,897

NET BOOK VALUE

At 31 March 2019

2,918

At 31 March 2018

3,918

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

26,951

22,823

Other debtors

760

5,064

27,711

27,887

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

11,785

9,323

Taxation and social security

18,543

17,082

Other creditors

15,773

9,275

46,101

35,680