Company Registration No. 00296564 (England and Wales)
Laycock and Gerrard Limited
Unaudited accounts
for the year ended 31 December 2021
Laycock and Gerrard Limited
Unaudited accounts
Contents
Laycock and Gerrard Limited
Company Information
for the year ended 31 December 2021
Directors
Mr P L Everall
Mrs D Major
Company Number
00296564 (England and Wales)
Registered Office
Malt House Studios
4 Brook Street
Bishops Waltham
Hampshire
SO32 1AX
Accountants
Meon Valley Accounting Ltd
Malt House Studios
4 Brook Street
Bishops Waltham
Hampshire
SO32 1AX
Laycock and Gerrard Limited
Statement of financial position
as at 31 December 2021
Investment property
200,000
678,000
Cash at bank and in hand
584,802
114,903
Creditors: amounts falling due within one year
(20,531)
(4,339)
Net current assets
565,905
112,945
Total assets less current liabilities
765,905
790,945
Provisions for liabilities
Deferred tax
(1,681)
(21,184)
Net assets
764,224
769,761
Called up share capital
10,000
10,000
Revaluation reserve
52,185
389,156
Profit and loss account
702,039
370,605
Shareholders' funds
764,224
769,761
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 31 May 2022 and were signed on its behalf by
Mrs D Major
Director
Company Registration No. 00296564
Laycock and Gerrard Limited
Notes to the Accounts
for the year ended 31 December 2021
Laycock and Gerrard Limited is a private company, limited by shares, registered in England and Wales, registration number 00296564. The registered office is Malt House Studios, 4 Brook Street, Bishops Waltham, Hampshire, SO32 1AX .
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 January 2021
678,000
Net loss from fair value adjustments
(9,221)
At 31 December 2021
200,000
Investment property was valued on an open market basis on 31 December 2021 by the directors.
Laycock and Gerrard Limited
Notes to the Accounts
for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
391
904
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
19,331
1,644
7
Average number of employees
During the year the average number of employees was 0 (2020: 0).
