Liddle Foil Blocking Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11649846 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 NOVEMBER 2021

FOR

LIDDLE FOIL BLOCKING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Swindle

Mrs A Swindle

REGISTERED OFFICE:

61 Durham Road

East Herrington

Sunderland

SR3 3ND

REGISTERED NUMBER:

11649846 (England and Wales)

ACCOUNTANTS:

Robert Miller & Co.

Chartered Accountants

43a Front Street

Cleadon Village

Sunderland

SR6 7PG

FIXED ASSETS

Tangible assets

3

16,846

20,175

CURRENT ASSETS

Stocks

1,500

1,600

Debtors

4

34,173

22,532

Cash at bank

29,390

35,396

65,063

59,528

CREDITORS

Amounts falling due within one year

5

47,749

27,754

NET CURRENT ASSETS

17,314

31,774

TOTAL ASSETS LESS CURRENT LIABILITIES

34,160

51,949

CREDITORS

Amounts falling due after more than one year

6

(21,996

)

(30,000

)

PROVISIONS FOR LIABILITIES

(3,201

)

(3,833

)

NET ASSETS

8,963

18,116

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8,863

18,016

SHAREHOLDERS' FUNDS

8,963

18,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2021 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2022 and were signed on its behalf by:

G Swindle - Director

1.	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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office and computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 3 ) .

3.	TANGIBLE FIXED ASSETS

Office

and

Plant and

Motor

computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 30 November 2020

16,868

13,035

2,894

32,797

Additions

-

-

1,341

1,341

At 29 November 2021

16,868

13,035

4,235

34,138

DEPRECIATION

At 30 November 2020

6,073

5,703

846

12,622

Charge for year

2,159

1,833

678

4,670

At 29 November 2021

8,232

7,536

1,524

17,292

NET BOOK VALUE

At 29 November 2021

8,636

5,499

2,711

16,846

At 29 November 2020

10,795

7,332

2,048

20,175

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 30 November 2020

13,035

Transfer to ownership

(13,035

)

At 29 November 2021

-

DEPRECIATION

At 30 November 2020

5,703

Transfer to ownership

(5,703

)

At 29 November 2021

-

NET BOOK VALUE

At 29 November 2021

-

At 29 November 2020

7,332

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

34,173

22,532

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

6,000

-

Hire purchase contracts

-

1,639

Trade creditors

8,138

4,127

Taxation and social security

28,263

18,360

Other creditors

5,348

3,628

47,749

27,754

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

21,996

30,000