Accounts filed on 31-03-2020

Accounts filed on 31-03-2020

PETER LLOYD DECORATORS LIMITED - Company Information

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Registered number: 06059831
Peter Lloyd Decorators Limited
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2020
Prepared By:
Pritchard & Co
Chartered Certified Accountants
Ffynnonddofn
74 High Street
Fishguard
Pembrokeshire
SA65 9AU
Peter Lloyd Decorators Limited
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2020
DIRECTORS
P Lloyd
D G Lloyd
SECRETARY
G R Lloyd
REGISTERED OFFICE
12 Station Road
Letterston
Haverfordwest
Pembrokeshire
SA62 5RY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06059831
ACCOUNTANTS
Pritchard & Co
Chartered Certified Accountants
Ffynnonddofn
74 High Street
Fishguard
Pembrokeshire
SA65 9AU
Peter Lloyd Decorators Limited
ACCOUNTS
FOR THEYEARENDED31 MARCH 2020
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Peter Lloyd Decorators Limited
BALANCE SHEET AT 31 March 2020
20202019
Notes££
FIXED ASSETS
Tangible assets25,1926,703
CURRENT ASSETS
Debtors33852,382
Cash at bank and in hand106,572108,381
106,957110,763
CREDITORS: Amounts falling due within one year445,57825,143
NET CURRENT ASSETS61,37985,620
TOTAL ASSETS LESS CURRENT LIABILITIES66,57192,323
PROVISIONS FOR LIABILITIES AND CHARGES69861,274
NET ASSETS65,58591,049
CAPITAL AND RESERVES
Called up share capital71010
Profit and loss account65,57591,039
SHAREHOLDERS' FUNDS65,58591,049
For the year ending 31 March 2020 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 24 July 2020 and signed on their behalf by
.............................
P Lloyd
Director
Peter Lloyd Decorators Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2020
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 - 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 Machineryreducing balance 15%
Commercial Vehiclesreducing balance 25%
2. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesTotal
£££
Cost
At 1 April 20197,0369,00016,036
At 31 March 20207,0369,00016,036
Depreciation
At 1 April 20195,3963,9379,333
For the year2461,2651,511
At 31 March 20205,6425,20210,844
Net Book Amounts
At 31 March 20201,3943,7985,192
At 31 March 20191,6405,0636,703
3. DEBTORS 20202019
££
Amounts falling due within one year
Trade debtors3401,952
Other debtors45430
3852,382
Peter Lloyd Decorators Limited
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20202019
££
UK corporation tax3,6976,796
Directors current account40,58117,247
Other creditors1,3001,100
45,57825,143
5. EMPLOYEES
20202019
No.No.
Average number of employees11
6. PROVISIONS FOR LIABILITIES 20202019
££
Deferred taxation9861,274
9861,274
7. SHARE CAPITAL 20202019
££
Allotted, issued and fully paid:
10 Ordinary shares of £1.00 each1010
1010
8. CONTROLLING PARTY
The company is controlled by Mr P Lloyd by virtue of his holding 100% of the issued share capital.