J & L Thomson Limited - Accounts to registrar (filleted) - small 18.2

J & L Thomson Limited - Accounts to registrar (filleted) - small 18.2

LAVSA LTD - Company Information

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IRIS Accounts Production v20.3.4.1 SC266764 director 1.5.19 30.4.20 30.4.20 0 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC2667642019-04-30SC2667642020-04-30SC2667642019-05-012020-04-30SC2667642018-04-30SC2667642018-05-012019-04-30SC2667642019-04-30SC266764ns16:Scotland2019-05-012020-04-30SC266764ns15:PoundSterling2019-05-012020-04-30SC266764ns11:Director12019-05-012020-04-30SC266764ns11:PrivateLimitedCompanyLtd2019-05-012020-04-30SC266764ns11:SmallEntities2019-05-012020-04-30SC266764ns11:AuditExempt-NoAccountantsReport2019-05-012020-04-30SC266764ns11:SmallCompaniesRegimeForDirectorsReport2019-05-012020-04-30SC266764ns11:SmallCompaniesRegimeForAccounts2019-05-012020-04-30SC266764ns11:FullAccounts2019-05-012020-04-30SC26676412019-05-012020-04-30SC266764ns11:CompanySecretary12019-05-012020-04-30SC266764ns11:RegisteredOffice2019-05-012020-04-30SC266764ns6:CurrentFinancialInstruments2020-04-30SC266764ns6:CurrentFinancialInstruments2019-04-30SC266764ns6:ShareCapital2020-04-30SC266764ns6:ShareCapital2019-04-30SC266764ns6:RetainedEarningsAccumulatedLosses2020-04-30SC266764ns6:RetainedEarningsAccumulatedLosses2019-04-30SC266764ns6:NetGoodwill2019-05-012020-04-30SC266764ns6:IntangibleAssetsOtherThanGoodwill2019-05-012020-04-30SC266764ns6:PlantMachinery2019-05-012020-04-30SC266764ns6:NetGoodwill2019-04-30SC266764ns6:NetGoodwill2020-04-30SC266764ns6:NetGoodwill2019-04-30SC266764ns6:PlantMachinery2019-04-30SC266764ns6:PlantMachinery2020-04-30SC266764ns6:PlantMachinery2019-04-30SC266764ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-04-30SC266764ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-04-30
REGISTERED NUMBER: SC266764 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

FOR

J & L THOMSON LIMITED
J & L THOMSON LIMITED (REGISTERED NUMBER: SC266764)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J & L THOMSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2020







DIRECTOR: J Thomson





SECRETARY: Mrs L Thomson





REGISTERED OFFICE: 4 Charlotte Street
Fraserburgh
AB43 9JE





REGISTERED NUMBER: SC266764 (Scotland)
Page 1
J & L THOMSON LIMITED (REGISTERED NUMBER: SC266764)

BALANCE SHEET
30 APRIL 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 117 156
117 156

CURRENT ASSETS
Debtors 7 538 410
Cash at bank 24,851 57,774
25,389 58,184
CREDITORS
Amounts falling due within one year 8 228,714 258,914
NET CURRENT LIABILITIES (203,325 ) (200,730 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(203,208
)
(200,574
)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (203,308 ) (200,674 )
SHAREHOLDERS' FUNDS (203,208 ) (200,574 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24 January 2021 and were signed by:





J Thomson - Director


The notes form part of these financial statements

Page 2
J & L THOMSON LIMITED (REGISTERED NUMBER: SC266764)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2020

1. STATUTORY INFORMATION

J & L Thomson Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going Concern
The financial statements have been prepared on a going concern basis which assumes that the company will continue to trade. This assumption is based upon assurances received from officers of the company that it is their intention to provide such assistance as is required to enable the company to meet its financial commitments.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of eight years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 machinery etc - 25% on reducing balance

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.


Page 3 continued...
J & L THOMSON LIMITED (REGISTERED NUMBER: SC266764)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2020

3. ACCOUNTING POLICIES - continued
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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4. EMPLOYEES AND DIRECTORS

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

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2019
and 30 April 2020 100,000
AMORTISATION
At 1 May 2019
and 30 April 2020 100,000
NET BOOK VALUE
At 30 April 2020 -
At 30 April 2019 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2019
and 30 April 2020 599
DEPRECIATION
At 1 May 2019 443
Charge for year 39
At 30 April 2020 482
NET BOOK VALUE
At 30 April 2020 117
At 30 April 2019 156

Page 4 continued...
J & L THOMSON LIMITED (REGISTERED NUMBER: SC266764)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2020

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 538 410

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other creditors 228,714 258,914

9. ULTIMATE CONTROLLING PARTY

The company was controlled by Mr & Mrs Thomson.

Page 5