LEEDS DIE CUTTING LIMITED

LEEDS DIE CUTTING LIMITED

LEEDS DIE CUTTING LIMITED - Company Information

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1 March 2019 false No description of principal activity Taxfiler 2020.12 06506309business:PrivateLimitedCompanyLtd2019-03-012020-02-29 065063092019-02-28 065063092019-03-012020-02-29 06506309business:AuditExemptWithAccountantsReport2019-03-012020-02-29 06506309business:FullAccounts2019-03-012020-02-29 065063092020-02-29 06506309business:Director12019-03-012020-02-29 06506309business:RegisteredOffice2019-03-012020-02-29 065063092019-02-28 06506309core:WithinOneYear2020-02-29 06506309core:WithinOneYear2019-02-28 06506309core:AfterOneYear2020-02-29 06506309core:AfterOneYear2019-02-28 06506309core:ShareCapital2020-02-29 06506309core:ShareCapital2019-02-28 06506309core:RetainedEarningsAccumulatedLosses2020-02-29 06506309core:RetainedEarningsAccumulatedLosses2019-02-28 06506309business:SmallEntities2019-03-012020-02-29 06506309countries:EnglandWales2019-03-012020-02-29 06506309core:FurnitureFittings2019-03-012020-02-29 06506309core:Goodwill2019-02-28 06506309core:Goodwill2020-02-29 06506309core:PlantMachinery2019-02-28 06506309core:FurnitureFittings2019-02-28 06506309core:PlantMachinery2019-03-012020-02-29 06506309core:PlantMachinery2020-02-29 06506309core:FurnitureFittings2020-02-29 06506309business:OrdinaryShareClass12019-03-012020-02-29 06506309business:OrdinaryShareClass12018-03-012019-02-28 065063092018-03-012019-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 06506309 (England and Wales)
LEEDS DIE CUTTING LIMITED Unaudited accounts for the year ended 29 February 2020
LEEDS DIE CUTTING LIMITED Unaudited accounts Contents
Page
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LEEDS DIE CUTTING LIMITED Company Information for the year ended 29 February 2020
Director
Ian Bradley
Company Number
06506309 (England and Wales)
Registered Office
UNIT D3 WYTHER LANE INDUSTRIAL ESTATE WYTHER LANE LEEDS LS5 3BT ENGLAND
Accountants
Michael Upton 138 Town Street Stanningley Leeds LS28 6ER
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LEEDS DIE CUTTING LIMITED Statement of financial position as at 29 February 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
10,000 
10,000 
Tangible assets
5
616,541 
343,403 
626,541 
353,403 
Current assets
Inventories
6
7,470 
- 
Debtors
7
31,401 
- 
Cash at bank and in hand
7,827 
- 
46,698 
- 
Creditors: amounts falling due within one year
8
(85,581)
(2,281)
Net current liabilities
(38,883)
(2,281)
Total assets less current liabilities
587,658 
351,122 
Creditors: amounts falling due after more than one year
9
(254,648)
(48,198)
Net assets
333,010 
302,924 
Capital and reserves
Called up share capital
10
1 
1 
Profit and loss account
333,009 
302,923 
Shareholders' funds
333,010 
302,924 
For the year ending 29 February 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 18 November 2020 and were signed on its behalf by
Ian Bradley Director Company Registration No. 06506309
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LEEDS DIE CUTTING LIMITED Notes to the Accounts for the year ended 29 February 2020
1
Statutory information
LEEDS DIE CUTTING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06506309. The registered office is UNIT D3 WYTHER LANE INDUSTRIAL ESTATE, WYTHER LANE, LEEDS, LS5 3BT, ENGLAND.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Fixtures & fittings
18%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2019
10,000 
At 29 February 2020
10,000 
Amortisation
At 1 March 2019
- 
At 29 February 2020
- 
Net book value
At 29 February 2020
10,000 
At 28 February 2019
10,000 
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LEEDS DIE CUTTING LIMITED Notes to the Accounts for the year ended 29 February 2020
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2019
346,949 
6,192 
353,141 
Additions
281,980 
- 
281,980 
Disposals
(8,842)
- 
(8,842)
At 29 February 2020
620,087 
6,192 
626,279 
Depreciation
At 1 March 2019
8,083 
1,655 
9,738 
At 29 February 2020
8,083 
1,655 
9,738 
Net book value
At 29 February 2020
612,004 
4,537 
616,541 
At 28 February 2019
338,866 
4,537 
343,403 
6
Inventories
2020 
2019 
£ 
£ 
Raw materials
4,000 
- 
Work in progress
3,470 
- 
7,470 
- 
7
Debtors
2020 
2019 
£ 
£ 
Trade debtors
31,401 
- 
8
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Bank loans and overdrafts
- 
2,281 
Obligations under finance leases and hire purchase contracts
3,785 
- 
Other creditors
81,796 
- 
85,581 
2,281 
9
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Obligations under finance leases and hire purchase contracts
6,769 
14,339 
Other creditors
247,879 
33,859 
254,648 
48,198 
10
Share capital
2020 
2019 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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LEEDS DIE CUTTING LIMITED Notes to the Accounts for the year ended 29 February 2020
11
Average number of employees
During the year the average number of employees was 0 (2019: 0).
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