Len Beaman (St Helens) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11145901 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2020

FOR

LEN BEAMAN (ST HELENS) LTD

Page

Balance Sheet

1

Notes to the Financial Statements

2

CURRENT ASSETS

Stocks

1,133,764

473,364

Debtors

4

6,314

11,831

Cash at bank

1,704

28

1,141,782

485,223

CREDITORS

Amounts falling due within one year

5

1,245,066

521,749

NET CURRENT LIABILITIES

(103,284

)

(36,526

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(103,284

)

(36,526

)

CAPITAL AND RESERVES

Called up share capital

7

200

200

Retained earnings

(103,484

)

(36,726

)

SHAREHOLDERS' FUNDS

(103,284

)

(36,526

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 January 2021 and were signed on its behalf by:

H Soni - Director

P A Szydlik - Director

1.	STATUTORY INFORMATION

Len Beaman (St Helens) Ltd 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:

11145901

Registered office:

1st Floor Waterside House

Waterside Drive

Wigan

Lancashire

WN3 5AZ

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

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 Statement of Income and Retained Earnings, 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

31.1.20

31.1.19

£

£

Other debtors

6,314

11,831

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

£

Bank loans and overdrafts

753,207

240,188

Trade creditors

10,664

40,028

Other creditors

481,195

241,533

1,245,066

521,749

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.20

31.1.19

£

£

Bank loans

753,207

240,188

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.20

31.1.19

value:

£

£

200

Ordinary

1

200

200