St. Laurence Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07130024 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

St. Laurence Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H K Johal

J G Moss

P O Northwood

A Sheldon

SECRETARY:

H K Johal

REGISTERED OFFICE:

River Dell

Victoria Avenue

Shrewsbury

Shropshire

SY1 1JT

REGISTERED NUMBER:

07130024 (England and Wales)

ACCOUNTANTS:

Caerwyn Jones

Chartered Accountants

Emstrey House

Shrewsbury Business Park

Shrewsbury

Shropshire

SY2 6LG

BANKERS:

National Westminster Bank Plc

8 Mardol Head

Shrewsbury

Shropshire

SY1 1HE

CURRENT ASSETS

Inventories

279,225

231,922

Debtors

4

8,928

8,022

Cash at bank

1,595

51,408

289,748

291,352

CREDITORS

Amounts falling due within one year

5

177,927

173,677

NET CURRENT ASSETS

111,821

117,675

TOTAL ASSETS LESS CURRENT LIABILITIES

111,821

117,675

CAPITAL AND RESERVES

Called up share capital

60

60

Retained earnings

111,761

117,615

SHAREHOLDERS' FUNDS

111,821

117,675

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 20 December 2020 and were signed on its behalf by:

P O Northwood - Director

1.	STATUTORY INFORMATION

St. Laurence Homes 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.

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.

Stocks

Inventories 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 NIL (2019 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

8,928

8,022

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

-

751

Other creditors

177,927

172,926

177,927

173,677

6.	RELATED PARTY DISCLOSURES

Included in creditors due within one year are amounts totalling £177,176 (2019 - £172,176) due to the directors of the company. These balances are repayable on demand. No interest was charged on these loans during the year.

During the year consultancy services and printing costs totalling £Nil (2019 - £725) were provided by Moss Co LLP, a partnership which has J G Moss as a director in common. At the balance sheet date £Nil (2019 - £Nil) was due to Moss Co LLP.

Dividends of £5,000 (2019 - £5,000) were paid out by the company and received by the directors during the year.