Lafford Carpentry Limited

Lafford Carpentry Limited

LAFFORD CARPENTRY & ELECTRICAL LTD - Company Information

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1 April 2019 false No description of principal activity Taxfiler 2020.12 06555908business:PrivateLimitedCompanyLtd2019-04-012020-03-31 065559082019-03-31 065559082019-04-012020-03-31 06555908business:AuditExempt-NoAccountantsReport2019-04-012020-03-31 06555908business:FullAccounts2019-04-012020-03-31 065559082020-03-31 065559082019-03-31 06555908core:WithinOneYear2020-03-31 06555908core:WithinOneYear2019-03-31 06555908core:AfterOneYear2020-03-31 06555908core:AfterOneYear2019-03-31 06555908core:ShareCapital2020-03-31 06555908core:ShareCapital2019-03-31 06555908core:RetainedEarningsAccumulatedLosses2020-03-31 06555908core:RetainedEarningsAccumulatedLosses2019-03-31 06555908business:SmallEntities2019-04-012020-03-31 06555908business:Director12019-04-012020-03-31 06555908countries:EnglandWales2019-04-012020-03-31 06555908business:RegisteredOffice2019-04-012020-03-31 06555908core:PlantMachinery2019-04-012020-03-31 06555908core:MotorVehicles2019-04-012020-03-31 06555908core:IntangibleAssetsOtherThanGoodwill2019-03-31 06555908core:IntangibleAssetsOtherThanGoodwill2020-03-31 06555908core:IntangibleAssetsOtherThanGoodwill2019-04-012020-03-31 06555908core:PlantMachinery2019-03-31 06555908core:MotorVehicles2019-03-31 06555908core:PlantMachinery2020-03-31 06555908core:MotorVehicles2020-03-31 065559082018-04-012019-03-31 iso4217:GBP xbrli:pure
Lafford Carpentry Limited Statement of financial position as at 31 March 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
6,621 
7,449 
Tangible assets
5
11,968 
15,957 
18,589 
23,406 
Current assets
Debtors
6
- 
249 
Cash at bank and in hand
18,669 
17,061 
18,669 
17,310 
Creditors: amounts falling due within one year
7
(8,746)
(17,991)
Net current assets/(liabilities)
9,923 
(681)
Total assets less current liabilities
28,512 
22,725 
Creditors: amounts falling due after more than one year
8
(2,807)
- 
Net assets
25,705 
22,725 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
25,605 
22,625 
Shareholders' funds
25,705 
22,725 
For the year ending 31 March 2020 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 September 2020 and were signed on its behalf by
Bradley Lafford Director Company Registration No. 06555908
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Lafford Carpentry Limited Notes to the Accounts for the year ended 31 March 2020
1
Statutory information
Lafford Carpentry Limited is a private company, limited by shares, registered in England and Wales, registration number 06555908. The registered office is 7 Retreat Road, Westcliff on sea, SS0 7NN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2020 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2018. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Intangible fixed assets
Goodwill being the amount paid in connection with the acquisition of a business in 2009 is being amortised evenly over its estimated useful life of fifteen years.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2019
16,557 
At 31 March 2020
16,557 
Amortisation
At 1 April 2019
9,108 
Charge for the year
828 
At 31 March 2020
9,936 
Net book value
At 31 March 2020
6,621 
At 31 March 2019
7,449 
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Lafford Carpentry Limited Notes to the Accounts for the year ended 31 March 2020
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2019
6,653 
30,360 
37,013 
At 31 March 2020
6,653 
30,360 
37,013 
Depreciation
At 1 April 2019
3,504 
17,552 
21,056 
Charge for the year
787 
3,202 
3,989 
At 31 March 2020
4,291 
20,754 
25,045 
Net book value
At 31 March 2020
2,362 
9,606 
11,968 
At 31 March 2019
3,149 
12,808 
15,957 
6
Debtors
2020 
2019 
£ 
£ 
Accrued income and prepayments
- 
249 
7
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Taxes and social security
- 
5,581 
Loans from directors
8,746 
12,040 
Accruals
- 
370 
8,746 
17,991 
8
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Taxes and social security
2,807 
- 
9
Average number of employees
During the year the average number of employees was 1 (2019: 1).
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