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

REGISTERED NUMBER: 01621380 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

FOR

LAMDAD SECURITIES LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

258,505

269,149

Investments

5

22,355

3,950

280,860

273,099

CURRENT ASSETS

Debtors

6

394,475

405,290

Cash at bank

5,585

11,566

400,060

416,856

CREDITORS

Amounts falling due within one year

7

311,791

330,170

NET CURRENT ASSETS

88,269

86,686

TOTAL ASSETS LESS CURRENT LIABILITIES

369,129

359,785

PROVISIONS FOR LIABILITIES

498

498

NET ASSETS

368,631

359,287

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

368,531

359,187

SHAREHOLDERS' FUNDS

368,631

359,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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 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 20 May 2022 and were signed by:

Mr K J Cooper - Director

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 are as below:

Registered number:

01621380

Registered office:

Brook House

5a Brook Road

Whitchurch

Cardiff

CF14 1DU

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 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2020

and 31 August 2021

512,548

60,259

572,807

DEPRECIATION

At 1 September 2020

246,019

57,639

303,658

Charge for year

10,251

393

10,644

At 31 August 2021

256,270

58,032

314,302

NET BOOK VALUE

At 31 August 2021

256,278

2,227

258,505

At 31 August 2020

266,529

2,620

269,149

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2020

3,950

Disposals

(1,876

)

Reclassification/transfer

20,281

At 31 August 2021

22,355

NET BOOK VALUE

At 31 August 2021

22,355

At 31 August 2020

3,950

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/21

31/8/20

£

£

Trade debtors

394,475

405,290

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/21

31/8/20

£

£

Trade creditors

-

9,457

Taxation and social security

58,280

55,403

Other creditors

253,511

265,310

311,791

330,170

8.	RELATED PARTY DISCLOSURES

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 2021 (2020: £0).

Included in Creditors is a loan of £252,096 (2019: £266,455) owed to Mr K J Cooper, the Director of the company.