LONDON LIDS LIMITED

LONDON LIDS LIMITED

LONDON LIDS LIMITED - Company Information

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LONDON LIDS LIMITED

Company Registration Number:
04342072 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

LONDON LIDS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

LONDON LIDS LIMITED

Balance sheet

As at 31 December 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 189,974 179,128
Total fixed assets: 189,974 179,128
Current assets
Stocks: 450,000 210,000
Debtors:   1,410,531 1,717,656
Cash at bank and in hand: 1,441,758 627,520
Total current assets: 3,302,289 2,555,176
Creditors: amounts falling due within one year:   (741,408) (930,296)
Net current assets (liabilities): 2,560,881 1,624,880
Total assets less current liabilities: 2,750,855 1,804,008
Provision for liabilities: (24,614) (20,033)
Total net assets (liabilities): 2,726,241 1,783,975
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 2,725,241 1,782,975
Shareholders funds: 2,726,241 1,783,975

The notes form part of these financial statements

LONDON LIDS LIMITED

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 September 2022
and signed on behalf of the board by:

Name: Mr C Nagrecha
Status: Director

The notes form part of these financial statements

LONDON LIDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

Tangible fixed assets and depreciation policy

Depreciation is provided by the company to write off the cost or valuation less the estimated residual value of its tangible fixed assets by equal installments over their useful economic lives as follows:Plant and equipment - 10 yearsMotor vehicles 5 years

Valuation and information policy

StocksStocks are stated at the lower of cost and net estimated selling price less selling costs. In determining the cost of raw materials, consumables and goods purchased for resale, the weighted average purchase price is used. For work in progress the finished goods manufactured by the company, cost is taken as production cost, which includes an appropriate proportion of attributable overheads.

Other accounting policies

Deferred taxationFull provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.

LONDON LIDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 2020
Average number of employees during the period 10 11

LONDON LIDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Tangible Assets

Total
Cost £
At 01 January 2021 379,322
Additions 62,000
At 31 December 2021 441,322
Depreciation
At 01 January 2021 200,194
Charge for year 51,154
At 31 December 2021 251,348
Net book value
At 31 December 2021 189,974
At 31 December 2020 179,128