Lodway Service Station Limited - Accounts to registrar (filleted) - small 18.2

Lodway Service Station Limited - Accounts to registrar (filleted) - small 18.2

LODWAY SERVICE STATION LIMITED - Company Information

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REGISTERED NUMBER: 00709206















Unaudited Financial Statements for the Year Ended 30 September 2019

for

Lodway Service Station Limited
Lodway Service Station Limited (Registered number: 00709206)






Contents of the Financial Statements
for the Year Ended 30 September 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lodway Service Station Limited

Company Information
for the Year Ended 30 September 2019







DIRECTORS: S Summerhayes
K W Summerhayes
Mrs J Summerhayes





SECRETARY:





REGISTERED OFFICE: Lodway
Pill
Bristol
BS20 0DH





REGISTERED NUMBER: 00709206





ACCOUNTANTS: Harpers & Co
1st Floor
Premier House
127 Duckmoor Road
Bristol
BS3 2BJ
Page 1
Lodway Service Station Limited (Registered number: 00709206)

Balance Sheet
30 September 2019

30.9.19 30.9.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,627 64,046

CURRENT ASSETS
Stocks 6,122 7,030
Debtors 5 4,201 2,286
Cash at bank and in hand 82,380 79,644
92,703 88,960
CREDITORS
Amounts falling due within one year 6 43,452 30,417
NET CURRENT ASSETS 49,251 58,543
TOTAL ASSETS LESS CURRENT
LIABILITIES
103,878
122,589

CREDITORS
Amounts falling due after more than
one year
7
19,266
30,864
NET ASSETS 84,612 91,725

The notes form part of these financial statements

Page 2 continued...
Lodway Service Station Limited (Registered number: 00709206)

Balance Sheet - continued
30 September 2019

30.9.19 30.9.18
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 250 250
Retained earnings 84,362 91,475
SHAREHOLDERS' FUNDS 84,612 91,725

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 and authorised for issue on
25 June 2020 and were signed on its behalf by:





K W Summerhayes - Director


The notes form part of these financial statements

Page 3
Lodway Service Station Limited (Registered number: 00709206)

Notes to the Financial Statements
for the Year Ended 30 September 2019

1. STATUTORY INFORMATION

Lodway Service Station Limited is a private company, limited by shares , registered in Not
specified/Other. 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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.


Page 4 continued...
Lodway Service Station Limited (Registered number: 00709206)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2019

2. ACCOUNTING POLICIES - continued
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.

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 6 (2018 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2018 12,379 220,408 232,787
Additions - 2,245 2,245
At 30 September 2019 12,379 222,653 235,032
DEPRECIATION
At 1 October 2018 - 168,741 168,741
Charge for year - 11,664 11,664
At 30 September 2019 - 180,405 180,405
NET BOOK VALUE
At 30 September 2019 12,379 42,248 54,627
At 30 September 2018 12,379 51,667 64,046

Page 5 continued...
Lodway Service Station Limited (Registered number: 00709206)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2019

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.9.19 30.9.18
£    £   
Trade debtors 1,756 351
Other debtors 2,445 1,935
4,201 2,286

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.9.19 30.9.18
£    £   
Bank loans and overdrafts 1,921 2,248
Trade creditors 22,175 16,950
Taxation and social security 15,602 8,335
Other creditors 3,754 2,884
43,452 30,417

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
30.9.19 30.9.18
£    £   
Hire purchase contracts 19,266 30,864

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £34,000 (2018 - £29,423) were paid to the directors .

Page 6