Lamdad Securities Limited - Accounts to registrar (filleted) - small 18.2

Lamdad Securities Limited - Accounts to registrar (filleted) - small 18.2

LAMDAD SECURITIES LIMITED - Company Information

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REGISTERED NUMBER: 01621380 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2020

FOR

LAMDAD SECURITIES LIMITED
LAMDAD SECURITIES LIMITED (REGISTERED NUMBER: 01621380)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAMDAD SECURITIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2020







DIRECTOR: Mr K J Cooper





REGISTERED OFFICE: Brook House
5a Brook Road
Whitchurch
Cardiff
CF14 1DU





REGISTERED NUMBER: 01621380 (England and Wales)





ACCOUNTANTS: Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW
Page 1
LAMDAD SECURITIES LIMITED (REGISTERED NUMBER: 01621380)

BALANCE SHEET
31 AUGUST 2020

31/8/20 31/8/19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 269,149 279,863
Investments 5 3,950 6,125
273,099 285,988

CURRENT ASSETS
Debtors 6 405,290 404,997
Cash at bank 11,566 17,444
416,856 422,441
CREDITORS
Amounts falling due within one year 7 330,170 348,563
NET CURRENT ASSETS 86,686 73,878
TOTAL ASSETS LESS CURRENT
LIABILITIES
359,785
359,866

PROVISIONS FOR LIABILITIES 498 586
NET ASSETS 359,287 359,280

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 359,187 359,180
SHAREHOLDERS' FUNDS 359,287 359,280

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

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LAMDAD SECURITIES LIMITED (REGISTERED NUMBER: 01621380)

BALANCE SHEET - continued
31 AUGUST 2020


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 director and authorised for issue on 27 May 2021 and were signed by:





Mr K J Cooper - Director


The notes form part of these financial statements

Page 3
LAMDAD SECURITIES LIMITED (REGISTERED NUMBER: 01621380)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020

1. STATUTORY INFORMATION

Lamdad Securities 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.

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 - 25% on cost and 15% on reducing balance

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 1 (2019 - 1 ) .

Page 4 continued...
LAMDAD SECURITIES LIMITED (REGISTERED NUMBER: 01621380)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2020

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2019
and 31 August 2020 512,548 60,259 572,807
DEPRECIATION
At 1 September 2019 235,768 57,176 292,944
Charge for year 10,251 463 10,714
At 31 August 2020 246,019 57,639 303,658
NET BOOK VALUE
At 31 August 2020 266,529 2,620 269,149
At 31 August 2019 276,780 3,083 279,863

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2019 6,125
Disposals (2,175 )
At 31 August 2020 3,950
NET BOOK VALUE
At 31 August 2020 3,950
At 31 August 2019 6,125

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/20 31/8/19
£    £   
Trade debtors 405,290 404,997

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/20 31/8/19
£    £   
Trade creditors 9,457 9,893
Taxation and social security 55,403 51,184
Other creditors 265,310 287,486
330,170 348,563

Page 5 continued...
LAMDAD SECURITIES LIMITED (REGISTERED NUMBER: 01621380)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2020

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 were paid to the director .

The company's freehold building is rented to The William Ricketts Partnership, a business owned by the Director. No rent was charged to The William Ricketts Partnership for the year ended 31 August 2020 (2019: £0).

Within Trade Creditors, there is a balance of £5,092 (2019: £5,092) owed to Lamdad Securities Limited for arms length trading activities between the two entities.

Included in Creditors is a loan of £266,455 (2019: £288,631) owed to Mr K J Cooper, the Director of the company.

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