Lockhart-Cator Limited

Lockhart-Cator Limited

LOCKHART-CATOR LIMITED - Company Information

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1 March 2020 false No description of principal activity Taxfiler 2021.6 9448957business:PrivateLimitedCompanyLtd2020-03-012021-02-28 94489572020-02-29 94489572020-03-012021-02-28 9448957business:AuditExemptWithAccountantsReport2020-03-012021-02-28 9448957business:FullAccounts2020-03-012021-02-28 94489572021-02-28 9448957business:Director12020-03-012021-02-28 9448957business:RegisteredOffice2020-03-012021-02-28 94489572020-02-29 9448957core:WithinOneYear2021-02-28 9448957core:WithinOneYear2020-02-29 9448957core:AfterOneYear2021-02-28 9448957core:AfterOneYear2020-02-29 9448957core:ShareCapital2021-02-28 9448957core:ShareCapital2020-02-29 9448957core:RetainedEarningsAccumulatedLosses2021-02-28 9448957core:RetainedEarningsAccumulatedLosses2020-02-29 9448957business:SmallEntities2020-03-012021-02-28 9448957countries:EnglandWales2020-03-012021-02-28 9448957core:PlantMachinery2020-03-012021-02-28 9448957core:MotorVehicles2020-03-012021-02-28 9448957core:FurnitureFittings2020-03-012021-02-28 9448957core:ComputerEquipment2020-03-012021-02-28 9448957core:LandBuildings2020-02-29 9448957core:PlantMachinery2020-02-29 9448957core:MotorVehicles2020-02-29 9448957core:FurnitureFittings2020-02-29 9448957core:ComputerEquipment2020-02-29 9448957core:LandBuildings2020-03-012021-02-28 9448957core:LandBuildings2021-02-28 9448957core:PlantMachinery2021-02-28 9448957core:MotorVehicles2021-02-28 9448957core:FurnitureFittings2021-02-28 9448957core:ComputerEquipment2021-02-28 9448957business:Director112020-03-012021-02-28 9448957business:Director112020-02-29 9448957business:Director112021-02-28 94489572019-03-012020-02-29 iso4217:GBP xbrli:pure
Company Registration No. 9448957 (England and Wales)
Lockhart-Cator Limited Unaudited accounts for the year ended 28 February 2021
Lockhart-Cator Limited Unaudited accounts Contents
Page
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Lockhart-Cator Limited Company Information for the year ended 28 February 2021
Director
Steven Cator
Company Number
9448957 (England and Wales)
Registered Office
12 ILEX COURT NORWICH NR7 8LG ENGLAND
Accountants
Sharon Wray Accountancy Services 38A Barnham Broom Road Wymondham Norfolk NR18 0DF
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Lockhart-Cator Limited Statement of financial position as at 28 February 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
20,165 
18,770 
Current assets
Inventories
250,710 
182,607 
Debtors
5
26,563 
2,587 
Cash at bank and in hand
46,632 
37,211 
323,905 
222,405 
Creditors: amounts falling due within one year
6
(174,326)
(218,447)
Net current assets
149,579 
3,958 
Total assets less current liabilities
169,744 
22,728 
Creditors: amounts falling due after more than one year
7
(50,000)
(3,925)
Net assets
119,744 
18,803 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
119,742 
18,801 
Shareholders' funds
119,744 
18,803 
For the year ending 28 February 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 May 2021 and were signed on its behalf by
Steven Cator Director Company Registration No. 9448957
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Lockhart-Cator Limited Notes to the Accounts for the year ended 28 February 2021
1
Statutory information
Lockhart-Cator Limited is a private company, limited by shares, registered in England and Wales, registration number 9448957. The registered office is 12 ILEX COURT, NORWICH, NR7 8LG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Depreciation has been provided by the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line basis
Motor vehicles
25% reducing balance basis
Fixtures & fittings
25% straight line basis
Computer equipment
25% straight line basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 March 2020
4,408 
22,736 
14,726 
1,208 
987 
44,065 
Additions
9,911 
- 
- 
- 
754 
10,665 
At 28 February 2021
14,319 
22,736 
14,726 
1,208 
1,741 
54,730 
Depreciation
At 1 March 2020
882 
14,860 
7,851 
1,208 
494 
25,295 
Charge for the year
1,432 
5,684 
1,719 
- 
435 
9,270 
At 28 February 2021
2,314 
20,544 
9,570 
1,208 
929 
34,565 
Net book value
At 28 February 2021
12,005 
2,192 
5,156 
- 
812 
20,165 
At 29 February 2020
3,526 
7,876 
6,875 
- 
493 
18,770 
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Lockhart-Cator Limited Notes to the Accounts for the year ended 28 February 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
24,069 
110 
Accrued income and prepayments
2,494 
2,477 
26,563 
2,587 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade creditors
50,611 
19,224 
Taxes and social security
45,125 
25,808 
Other creditors
80,983 
168,500 
Loans from directors
(3,793)
3,915 
Accruals
1,400 
1,000 
174,326 
218,447 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
50,000 
- 
Other creditors
- 
3,925 
50,000 
3,925 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Steven Cator
Loan from Director
3,915 
42,878 
50,586 
(3,793)
3,915 
42,878 
50,586 
(3,793)
The director owes the company £3,793, this is expected to be repaid during the next financial year with in 9 months.
9
Controlling party
The company's controlling party is Mr Steven Cator by virtue of his ownership of 50% of the issued share capital in the company.
10
Average number of employees
During the year the average number of employees was 9 (2020: 9).
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