London Essex Hot Tubs Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08960631 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2020

for

London Essex Hot Tubs Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

6

DIRECTORS:

C M Vlad

J J White

M D Woodward

REGISTERED OFFICE:

13 Oakwood Hill Industrial Estate

Loughton

Essex

IG10 3TZ

REGISTERED NUMBER:

08960631 (England and Wales)

ACCOUNTANTS:

Stonebridge

Chartered Certified Accountants

Statutory Auditors

337 High Road

Ilford

Essex

IG1 1TE

FIXED ASSETS

Tangible assets

4

108,157

112,962

CURRENT ASSETS

Stocks

302,313

315,063

Debtors

5

20,899

23,334

Cash at bank

558,741

158,929

881,953

497,326

CREDITORS

Amounts falling due within one year

6

666,687

368,805

NET CURRENT ASSETS

215,266

128,521

TOTAL ASSETS LESS CURRENT LIABILITIES

323,423

241,483

CREDITORS

Amounts falling due after more than one year

7

119,578

80,728

NET ASSETS

203,845

160,755

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

203,645

160,555

SHAREHOLDERS' FUNDS

203,845

160,755

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 8 March 2021 and were signed on its behalf by:

C M Vlad - Director

1.	STATUTORY INFORMATION

London Essex Hot Tubs Ltd 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.

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 machinery etc

-

10% on cost

Stocks

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2019

168,349

Additions

13,367

At 30 June 2020

181,716

DEPRECIATION

At 1 July 2019

55,387

Charge for year

18,172

At 30 June 2020

73,559

NET BOOK VALUE

At 30 June 2020

108,157

At 30 June 2019

112,962

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/20

30/6/19

£

£

Trade debtors

-

21,388

Other debtors

20,899

1,946

20,899

23,334

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/20

30/6/19

£

£

Bank loans and overdrafts

-

3,526

Trade creditors

428,251

86,823

Taxation and social security

130,869

53,472

Other creditors

107,567

224,984

666,687

368,805

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/6/20

30/6/19

£

£

Other creditors

119,578

80,728

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is an amount of £16,255 (2019: £14,047) owed to the directors.

9.	RELATED PARTY DISCLOSURES

The directors, C M Vlad & M D Woodward are also directors of the company, Images4Interiors Limited, to which management charges of: £106,110 (2019: £109,726) were paid during the year.

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 and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of London Essex Hot Tubs Ltd for the year ended 30 June 2020 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of London Essex Hot Tubs Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of London Essex Hot Tubs Ltd and state those matters that we have agreed to state to the Board of Directors of London Essex Hot Tubs Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that London Essex Hot Tubs Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of London Essex Hot Tubs Ltd. You consider that London Essex Hot Tubs Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of London Essex Hot Tubs Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stonebridge

Chartered Certified Accountants

Statutory Auditors

337 High Road

Ilford

Essex

IG1 1TE

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