Lockout Tagout Safety Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06863995 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

LOCKOUT TAGOUT SAFETY LIMITED

Page

Balance Sheet

1

Report of the Accountants

3

FIXED ASSETS

7,975

9,473

CURRENT ASSETS

218,718

249,735

CREDITORS

Amounts falling due within one year

(87,629

)

(109,871

)

NET CURRENT ASSETS

131,089

139,864

TOTAL ASSETS LESS CURRENT LIABILITIES

139,064

149,337

CREDITORS

Amounts falling due after more than one year

20,390

-

NET ASSETS

118,674

149,337

CAPITAL AND RESERVES

118,674

149,337

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Lockout Tagout Safety Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06863995

Registered office:

4D Bowes Road

Middlesbrough

Cleveland

TS2 1LU

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 8 (2019 - 7 ) .

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2020 and 31 March 2019:

2020

2019

£

£

E H Boynton

Balance outstanding at start of year

83,781

135,512

Amounts advanced

96,097

91,336

Amounts repaid

(100,879

)

(143,067

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

78,999

83,781

The advances to the Director are repayable on demand. Interest is charged on the balance outstanding at the average official rate relating to beneficial loan arrangements as published by HM Revenue & Customs. The maximum amount overdrawn during the year was £97,297 (2019 - £137,194).

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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2020 and were signed on its behalf by:

E H Boynton - Director

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement is not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2020 set out on pages one to three and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Momentum Taxation and Accountancy Ltd

Harelands Courtyard Offices

Moor Road

Melsonby

Richmond

North Yorkshire

DL10 5NY

Date: .............................................