Company Registration No. 9731568 (England and Wales)
London House Joinery Limited
Unaudited accounts
for the year ended 31 August 2020
London House Joinery Limited
Unaudited accounts
Contents
London House Joinery Limited
Company Information
for the year ended 31 August 2020
Company Number
9731568 (England and Wales)
Registered Office
13 FOUNDRY MEWS
58 BARNES HIGH STREET
LONDON
SW13 9AZ
United Kingdom
London House Joinery Limited
Statement of financial position
as at 31 August 2020
Cash at bank and in hand
2,868
-
Creditors: amounts falling due within one year
(10,276)
(2,624)
Net current (liabilities)/assets
(2,078)
1,322
Total assets less current liabilities
3,087
1,322
Provisions for liabilities
Called up share capital
6
6
Profit and loss account
2,746
1,316
Shareholders' funds
2,752
1,322
For the year ending 31 August 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 23 November 2020 and were signed on its behalf by
Paul Stevens
Director
Company Registration No. 9731568
London House Joinery Limited
Notes to the Accounts
for the year ended 31 August 2020
London House Joinery Limited is a private company, limited by shares, registered in England and Wales, registration number 9731568. The registered office is 13 FOUNDRY MEWS, 58 BARNES HIGH STREET, LONDON, SW13 9AZ, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery
London House Joinery Limited
Notes to the Accounts
for the year ended 31 August 2020
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
7,351
1,747
Taxes and social security
2,162
858
7
Transactions with related parties
An interest-free unsecured loan was provided by the company during the year to London House Projects Ltd, a company owned by Paul Stevens, director of the company. The loan is repayable on demand. The outstanding balance of the loan at 31 August 2020 was £3230 (2019 : £1040).
8
Average number of employees
During the year the average number of employees was 1 (2019: 1).
