L K Industrial Covers Ltd

L K Industrial Covers Ltd

L K INDUSTRIAL COVERS LTD - Company Information

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1 January 2021 false No description of principal activity Taxfiler 2022.8.3 10539466business:PrivateLimitedCompanyLtd2021-01-012021-12-31 105394662020-12-31 105394662021-01-012021-12-31 10539466business:AuditExempt-NoAccountantsReport2021-01-012021-12-31 10539466business:FullAccounts2021-01-012021-12-31 105394662021-12-31 10539466business:Director12021-01-012021-12-31 10539466business:RegisteredOffice2021-01-012021-12-31 105394662020-12-31 10539466core:WithinOneYear2021-12-31 10539466core:WithinOneYear2020-12-31 10539466core:AfterOneYear2021-12-31 10539466core:AfterOneYear2020-12-31 10539466core:ShareCapital2021-12-31 10539466core:ShareCapital2020-12-31 10539466core:RetainedEarningsAccumulatedLosses2021-12-31 10539466core:RetainedEarningsAccumulatedLosses2020-12-31 10539466business:SmallEntities2021-01-012021-12-31 10539466countries:EnglandWales2021-01-012021-12-31 10539466core:PlantMachinery2021-01-012021-12-31 10539466core:MotorVehicles2021-01-012021-12-31 10539466core:FurnitureFittings2021-01-012021-12-31 10539466core:PlantMachinery2020-12-31 10539466core:MotorVehicles2020-12-31 10539466core:FurnitureFittings2020-12-31 10539466core:PlantMachinery2021-12-31 10539466core:MotorVehicles2021-12-31 10539466core:FurnitureFittings2021-12-31 105394662020-01-012020-12-31 iso4217:GBP xbrli:pure
Company Registration No. 10539466 (England and Wales)
L K Industrial Covers Ltd Unaudited accounts for the year ended 31 December 2021
L K Industrial Covers Ltd Unaudited accounts Contents
Page
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L K Industrial Covers Ltd Company Information for the year ended 31 December 2021
Director
Mr K Warburton
Company Number
10539466 (England and Wales)
Registered Office
7 CHRISTIE WAY MANCHESTER M21 7QY ENGLAND
Accountants
Leonherman 7 Christie Way Christie Fields Manchester M21 7QY
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L K Industrial Covers Ltd Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
13,926 
17,967 
Current assets
Inventories
16,696 
10,913 
Debtors
5
4,828 
7,196 
Cash at bank and in hand
2,658 
3,580 
24,182 
21,689 
Creditors: amounts falling due within one year
6
(27,496)
(20,801)
Net current (liabilities)/assets
(3,314)
888 
Total assets less current liabilities
10,612 
18,855 
Creditors: amounts falling due after more than one year
7
(8,060)
(17,594)
Net assets
2,552 
1,261 
Capital and reserves
Called up share capital
1,501 
1,501 
Profit and loss account
1,051 
(240)
Shareholders' funds
2,552 
1,261 
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 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 6 June 2022 and were signed on its behalf by
Mr K Warburton Director Company Registration No. 10539466
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L K Industrial Covers Ltd Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
L K Industrial Covers Ltd is a private company, limited by shares, registered in England and Wales, registration number 10539466. The registered office is 7 CHRISTIE WAY, MANCHESTER, M21 7QY, 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
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2021
8,021 
36,529 
939 
45,489 
At 31 December 2021
8,021 
36,529 
939 
45,489 
Depreciation
At 1 January 2021
3,621 
23,189 
712 
27,522 
Charge for the year
660 
3,335 
46 
4,041 
At 31 December 2021
4,281 
26,524 
758 
31,563 
Net book value
At 31 December 2021
3,740 
10,005 
181 
13,926 
At 31 December 2020
4,400 
13,340 
227 
17,967 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
4,752 
7,078 
Other debtors
76 
118 
4,828 
7,196 
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L K Industrial Covers Ltd Notes to the Accounts for the year ended 31 December 2021
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
- 
2,935 
Obligations under finance leases and hire purchase contracts
2,670 
2,670 
Trade creditors
6,267 
4,264 
Taxes and social security
1,504 
1,299 
Other creditors
- 
842 
Loans from directors
16,555 
8,291 
Accruals
500 
500 
27,496 
20,801 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
3,937 
6,263 
Obligations under finance leases and hire purchase contracts
4,123 
11,331 
8,060 
17,594 
8
Average number of employees
During the year the average number of employees was 1 (2020: 1).
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