SLWB Property Maintenance Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08150725 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2020

for

SLWB Property Maintenance Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Spencer

T Brereton

REGISTERED OFFICE:

21 Downs Road

Penenden Heath

Maidstone

Kent

ME14 2JN

REGISTERED NUMBER:

08150725 (England and Wales)

ACCOUNTANTS:

Kaydee Associates Ltd

Chartered Certified Accountants

Access House

141 Morden Road

Mitcham, Surrey

CR4 4DG

CURRENT ASSETS

Stocks and work in progress

-

454,752

Debtors

4

-

296

Cash at bank

22,993

10,998

22,993

466,046

CREDITORS

Amounts falling due within one year

5

9,198

3,962

NET CURRENT ASSETS

13,795

462,084

TOTAL ASSETS LESS CURRENT LIABILITIES

13,795

462,084

CREDITORS

Amounts falling due after more than one year

6

13,634

467,793

NET ASSETS/(LIABILITIES)

161

(5,709

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

61

(5,809

)

SHAREHOLDERS' FUNDS

161

(5,709

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 14 April 2021 and were signed on its behalf by:

S Spencer - Director

T Brereton - Director

1.	STATUTORY INFORMATION

SLWB Property Maintenance 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.

Stocks

Stocks and work in progress 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 2 (2019 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.20

31.7.19

£

£

Other debtors

-

296

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.20

31.7.19

£

£

Tax

2,529

-

Credit Card

2,959

3,062

Accrued expenses

3,710

900

9,198

3,962

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.20

31.7.19

£

£

Other loan

-

200,000

Bank Loan

-

47,333

Directors' loan accounts

13,634

220,460

13,634

467,793

7.

RESERVES

Retained

earnings

£

At 1 August 2019

(5,809

)

Profit for the year

15,870

Dividends

(10,000

)

At 31 July 2020

61