Lindsell & Hallam Builders Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04704852 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Lindsell & Hallam Builders Limited

Page

Company Information

1

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr M P C Lindsell

Mr I Hallam

SECRETARY:

Mr M P C Lindsell

REGISTERED OFFICE:

Bank Chambers

61 High Street

Cranbrook

Kent

TN17 3EG

BUSINESS ADDRESS:

38 Jaggard Way

Staplehurst

Kent

TN12 0LF

REGISTERED NUMBER:

04704852 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Bank Chambers

61 High Street

Cranbrook

Kent

TN17 3EG

FIXED ASSETS

Tangible assets

4

31,446

37,030

CURRENT ASSETS

Stocks

250

250

Debtors

5

23,301

41,759

Cash at bank

65,909

35,507

89,460

77,516

CREDITORS

Amounts falling due within one year

6

43,492

42,558

NET CURRENT ASSETS

45,968

34,958

TOTAL ASSETS LESS CURRENT LIABILITIES

77,414

71,988

CREDITORS

Amounts falling due after more than one year

7

-

(1,250

)

PROVISIONS FOR LIABILITIES

(5,975

)

(7,036

)

NET ASSETS

71,439

63,702

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

71,339

63,602

SHAREHOLDERS' FUNDS

71,439

63,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2020 and were signed on its behalf by:

Mr M P C Lindsell - Director

Mr I Hallam - Director

1.	STATUTORY INFORMATION

Lindsell & Hallam Builders Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and equipment

-

25% on reducing balance and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1 April 2019

20,302

41,474

61,776

Additions

3,370

-

3,370

At 31 March 2020

23,672

41,474

65,146

DEPRECIATION

At 1 April 2019

16,142

8,604

24,746

Charge for year

737

8,217

8,954

At 31 March 2020

16,879

16,821

33,700

NET BOOK VALUE

At 31 March 2020

6,793

24,653

31,446

At 31 March 2019

4,160

32,870

37,030

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Amounts recoverable on contract

16,101

37,185

Other debtors

7,200

4,574

23,301

41,759

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

17,563

20,392

Taxation and social security

20,491

19,818

Other creditors

5,438

2,348

43,492

42,558

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Other creditors

-

1,250

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

50

Ordinary 'A'

£1

50

50

50

Ordinary 'B'

£1

50

50

100

100

9.	POST BALANCE SHEET EVENTS

Just before the company's year end, the Covid-19 pandemic broke out. This is considered to be a non-adjusting post balance sheet event. The impact of Covid-19 is continuing to evolve at a fast pace and, therefore, it is not practicable to quantify the potential financial impact on the company at the time of writing.

The company has been able to operate throughout much of this difficult period since the year end and has a good order book for the future. Therefore, the directors are optimistic regarding the future and their forecasts expect that the financial impact on the business should be relatively modest. However, the directors are conscious that the impact of the pandemic is changing very quickly and the assumptions used in their forecasts could change at short notice.