Lockhart-Cator Limited

Lockhart-Cator Limited

LOCKHART-CATOR LIMITED - Company Information

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1 March 2019 false No description of principal activity Taxfiler 2020.12 9448957business:PrivateLimitedCompanyLtd2019-03-012020-02-29 94489572019-02-28 94489572019-03-012020-02-29 9448957business:AuditExempt-NoAccountantsReport2019-03-012020-02-29 9448957business:FullAccounts2019-03-012020-02-29 94489572020-02-29 9448957business:Director12019-03-012020-02-29 9448957business:RegisteredOffice2019-03-012020-02-29 94489572019-02-28 9448957core:WithinOneYear2020-02-29 9448957core:WithinOneYear2019-02-28 9448957core:AfterOneYear2020-02-29 9448957core:AfterOneYear2019-02-28 9448957core:ShareCapital2020-02-29 9448957core:ShareCapital2019-02-28 9448957core:RetainedEarningsAccumulatedLosses2020-02-29 9448957core:RetainedEarningsAccumulatedLosses2019-02-28 9448957business:SmallEntities2019-03-012020-02-29 9448957countries:EnglandWales2019-03-012020-02-29 9448957core:PlantMachinery2019-03-012020-02-29 9448957core:MotorVehicles2019-03-012020-02-29 9448957core:FurnitureFittings2019-03-012020-02-29 9448957core:ComputerEquipment2019-03-012020-02-29 9448957core:LandBuildings2019-02-28 9448957core:PlantMachinery2019-02-28 9448957core:MotorVehicles2019-02-28 9448957core:FurnitureFittings2019-02-28 9448957core:ComputerEquipment2019-02-28 9448957core:LandBuildings2019-03-012020-02-29 9448957core:LandBuildings2020-02-29 9448957core:PlantMachinery2020-02-29 9448957core:MotorVehicles2020-02-29 9448957core:FurnitureFittings2020-02-29 9448957core:ComputerEquipment2020-02-29 9448957business:Director112019-03-012020-02-29 9448957business:Director112019-02-28 9448957business:Director112020-02-29 94489572018-03-012019-02-28 iso4217:GBP xbrli:pure
Company Registration No. 9448957 (England and Wales)
Lockhart-Cator Limited Unaudited accounts for the year ended 29 February 2020
Lockhart-Cator Limited Unaudited accounts Contents
Page
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Lockhart-Cator Limited Company Information for the year ended 29 February 2020
Director
Steven Cator
Company Number
9448957 (England and Wales)
Registered Office
12 ILEX COURT NORWICH NR7 8LG ENGLAND
Accountants
Sharon Wray Accountancy Services 38A Barnham Broom Road Wymondham Norfolk NR18 0DF
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Lockhart-Cator Limited Statement of financial position as at 29 February 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
18,770 
18,562 
Current assets
Inventories
5
182,607 
173,997 
Debtors
6
2,587 
10,331 
Cash at bank and in hand
37,211 
20,848 
222,405 
205,176 
Creditors: amounts falling due within one year
7
(218,447)
(201,961)
Net current assets
3,958 
3,215 
Total assets less current liabilities
22,728 
21,777 
Creditors: amounts falling due after more than one year
8
(3,925)
(21,775)
Net assets
18,803 
2 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
18,801 
- 
Shareholders' funds
18,803 
2 
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 24 November 2020 and were signed on its behalf by
Steven Cator Director Company Registration No. 9448957
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Lockhart-Cator Limited Notes to the Accounts for the year ended 29 February 2020
1
Statutory information
Lockhart-Cator Limited is a private company, limited by shares, registered in England and Wales, registration number 9448957. The registered office is 12 ILEX COURT, NORWICH, NR7 8LG, 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.
Tangible fixed assets and depreciation
Depreciation has been provided by the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line basis
Motor vehicles
25% reducing balance basis
Fixtures & fittings
25% straight line basis
Computer equipment
25% straight line basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Lockhart-Cator Limited Notes to the Accounts for the year ended 29 February 2020
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 March 2019
4,408 
19,841 
14,144 
1,208 
987 
40,588 
Additions
- 
2,895 
3,582 
- 
- 
6,477 
Disposals
- 
- 
(3,000)
- 
- 
(3,000)
At 29 February 2020
4,408 
22,736 
14,726 
1,208 
987 
44,065 
Depreciation
At 1 March 2019
441 
12,892 
7,238 
1,208 
247 
22,026 
Charge for the year
441 
1,968 
1,363 
- 
247 
4,019 
On disposals
- 
- 
(750)
- 
- 
(750)
At 29 February 2020
882 
14,860 
7,851 
1,208 
494 
25,295 
Net book value
At 29 February 2020
3,526 
7,876 
6,875 
- 
493 
18,770 
At 28 February 2019
3,967 
6,949 
6,906 
- 
740 
18,562 
5
Inventories
2020 
2019 
£ 
£ 
Finished goods
182,607 
173,997 
182,607 
173,997 
6
Debtors
2020 
2019 
£ 
£ 
Trade debtors
110 
2,171 
Accrued income and prepayments
2,477 
8,160 
2,587 
10,331 
7
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Trade creditors
19,224 
11,468 
Taxes and social security
25,808 
17,138 
Other creditors
168,500 
170,000 
Loans from directors
3,915 
- 
Accruals
1,000 
3,355 
218,447 
201,961 
8
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Other creditors
3,925 
21,775 
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Lockhart-Cator Limited Notes to the Accounts for the year ended 29 February 2020
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Steven Cator
Loan from Director
21,775 
- 
17,850 
3,925 
21,775 
- 
17,850 
3,925 
The company owes the director £3,925, this is expected to be repaid during the next financial year.
10
Controlling party
The company's controlling party is Mr Steven Cator by virtue of his ownership of 50% of the issued share capital in the company.
11
Average number of employees
During the year the average number of employees was 9 (2019: 6).
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