Black Dwarf Lightmoor Publications LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05522739 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

BLACK DWARF LIGHTMOOR PUBLICATIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr I A Pope

Mr D W N Parkhouse

Mrs H D Parkhouse

SECRETARY:

Mr I A Pope

REGISTERED OFFICE:

6 Langdale Court

Witney

Oxfordshire

OX28 6FG

REGISTERED NUMBER:

05522739 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

6 Langdale Court

Witney

Oxfordshire

OX28 6FG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

4,289

5,216

4,289

5,216

CURRENT ASSETS

Stocks

6

116,675

114,675

Debtors

7

17,160

24,206

Cash at bank and in hand

10,424

67,684

144,259

206,565

CREDITORS

Amounts falling due within one year

8

51,062

105,387

NET CURRENT ASSETS

93,197

101,178

TOTAL ASSETS LESS CURRENT LIABILITIES

97,486

106,394

PROVISIONS FOR LIABILITIES

9

814

990

NET ASSETS

96,672

105,404

CAPITAL AND RESERVES

Called up share capital

10

4

4

Retained earnings

96,668

105,400

SHAREHOLDERS' FUNDS

96,672

105,404

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2022 and were signed on its behalf by:

Mr I A Pope - Director

Mrs H D Parkhouse - Director

Mr D W N Parkhouse - Director

1.	STATUTORY INFORMATION

Black Dwarf Lightmoor Publications LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% 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.

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2021

and 31 December 2021

16,000

AMORTISATION

At 1 January 2021

and 31 December 2021

16,000

NET BOOK VALUE

At 31 December 2021

-

At 31 December 2020

-

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2021

10,094

7,294

17,388

Additions

-

579

579

At 31 December 2021

10,094

7,873

17,967

DEPRECIATION

At 1 January 2021

5,836

6,336

12,172

Charge for year

1,064

442

1,506

At 31 December 2021

6,900

6,778

13,678

NET BOOK VALUE

At 31 December 2021

3,194

1,095

4,289

At 31 December 2020

4,258

958

5,216

6.

STOCKS

31.12.21

31.12.20

£

£

Stocks

116,675

114,675

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade debtors

13,849

19,265

VAT

3,311

4,941

17,160

24,206

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans and overdrafts

19

40,000

Trade creditors

6,344

26,528

Tax

8,594

11,353

Social security and other taxes

358

135

Pension

817

60

Directors' current accounts

10,907

16,519

Accruals and deferred income

24,023

10,792

51,062

105,387

9.	PROVISIONS FOR LIABILITIES

31.12.21

31.12.20

£

£

Deferred tax

Accelerated capital allowances

814

990

Deferred

tax

£

Balance at 1 January 2021

990

Utilised during year

(176

)

Balance at 31 December 2021

814

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.21

31.12.20

value:

£

£

2

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

1

Ordinary D

£1

2

2

4

4

11.	ULTIMATE CONTROLLING PARTY

No single shareholder has overall control of this company.