LEMSFORD MILL CONTROLS LIMITED

LEMSFORD MILL CONTROLS LIMITED

LEMSFORD MILL CONTROLS LIMITED - Company Information

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LEMSFORD MILL CONTROLS LIMITED

Company Registration Number:
03785533 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2021

Period of accounts

Start date: 01 July 2020

End date: 30 June 2021

LEMSFORD MILL CONTROLS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2021

Balance sheet
Notes

LEMSFORD MILL CONTROLS LIMITED

Balance sheet

As at 30 June 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 23,860 25,197
Total fixed assets: 23,860 25,197
Current assets
Stocks: 210,965 251,976
Debtors:   384,876 309,838
Cash at bank and in hand: 180,003 33,114
Total current assets: 775,844 594,928
Creditors: amounts falling due within one year:   (396,260) (216,702)
Net current assets (liabilities): 379,584 378,226
Total assets less current liabilities: 403,444 403,423
Total net assets (liabilities): 403,444 403,423
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 403,344 403,323
Shareholders funds: 403,444 403,423

The notes form part of these financial statements

LEMSFORD MILL CONTROLS LIMITED

Balance sheet statements

For the year ending 30 June 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 01 February 2022
and signed on behalf of the board by:

Name: Mrs C. Smith
Status: Director

The notes form part of these financial statements

LEMSFORD MILL CONTROLS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation. Depreciation i provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: P&M 20% red bal. OE 20% red bal.

Valuation and information policy

Inventories have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished good , cost includes a relevant proportion of overheads according to the stage of manufacture / completion.

Other accounting policies

The company operates a defined contribution pension scheme, and the pension charge represents the amounts payable by the company to the fund in respect of the year.

LEMSFORD MILL CONTROLS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

2. Employees

2021 2020
Average number of employees during the period 19 20

LEMSFORD MILL CONTROLS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

3. Tangible Assets

Total
Cost £
At 01 July 2020 52,210
At 30 June 2021 52,210
Depreciation
At 01 July 2020 27,013
Charge for year 1,337
At 30 June 2021 28,350
Net book value
At 30 June 2021 23,860
At 30 June 2020 25,197