Laybel Interiors Limited - Accounts to registrar (filleted) - small 18.2
Laybel Interiors Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 May 2020 |
| for |
| Laybel Interiors Limited |
| Laybel Interiors Limited (Registered number: 09592201) |
| Contents of the Financial Statements |
| for the Year Ended 31 May 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Laybel Interiors Limited |
| Company Information |
| for the Year Ended 31 May 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 12 Park Lane |
| Tilehurst |
| Reading |
| Berkshire |
| RG31 5DL |
| Laybel Interiors Limited (Registered number: 09592201) |
| Balance Sheet |
| 31 May 2020 |
| 2020 | 2019 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 | ( |
) | ( |
) |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 6 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings | 8 |
| SHAREHOLDERS' FUNDS |
| 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. |
| Laybel Interiors Limited (Registered number: 09592201) |
| Balance Sheet - continued |
| 31 May 2020 |
| 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 on its behalf by: |
| Laybel Interiors Limited (Registered number: 09592201) |
| Notes to the Financial Statements |
| for the Year Ended 31 May 2020 |
| 1. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| 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 |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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. |
| HIRE PURCHASE AND LEASING COMMITMENTS |
| Hire Purchase installments are bifurcated into Principal and interest portion as per HP statements. Hire Purchase |
| interest has been charged to profit and loss accounts on accrual basis and Hire Purchase liabilities have been reduced |
| by monthly repayments of Principal amounts. |
| 2. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Laybel Interiors Limited (Registered number: 09592201) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2020 |
| 3. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 June 2019 |
| Additions |
| Disposals |
| At 31 May 2020 |
| DEPRECIATION |
| At 1 June 2019 |
| Charge for year |
| Eliminated on disposal |
| At 31 May 2020 |
| NET BOOK VALUE |
| At 31 May 2020 |
| At 31 May 2019 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Prepayments |
| Accrued income | - | 64,732 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| CIS Tax Liability | 3,882 | 6,146 |
| VAT | 38,593 | 16,426 |
| Other creditors | ( |
) |
| Net Wages | 52 | - |
| Directors' current accounts | 19,716 | 7,983 |
| Accrued expenses |
| Laybel Interiors Limited (Registered number: 09592201) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2020 |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Hire purchase contracts |
| Deferred income |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 8. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 June 2019 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 May 2020 |
| 9. | RELATED PARTY DISCLOSURES |
| During the year, dividend of £64,194 (P.Y. £42,438) each has been paid to Mr.Paul Belcher and Mr. Paul Layzell |
| who are also directors of the company. |
| 10. | POST BALANCE SHEET EVENTS |
| Since the year end, the Coronavirus (COVID-19) has emerged globally resulting in a significant impact on |
| businesses worldwide. As a result some business operations have been restricted, however the company continues to |
| operates using alternative methods and remote working. The directors are unable to evaluate the overall financial |
| impact on the business at present. Hence financial statements do not include any adjustments that might result from |
| the outcome of this uncertainty. The directors are continuing to monitor, assess and act to the current changing |
| environment in order to position the company to ensure its future success. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The company is under control of Mr. Paul Belcher and Mr. Paul Layzell who jointly own 100% of Issued Share |
| Capital of the company. Mr. Paul Belcher and Mr. Paul Layzell are also directors of the company. |