M Ladbrook Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05711191 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2022

for

M Ladbrook Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms M K Hallowes

T D Larden

REGISTERED OFFICE:

5A County House

Waterside Business Park

Rotherham Road

Dinnington

South Yorkshire

S25 3QA

REGISTERED NUMBER:

05711191 (England and Wales)

ACCOUNTANTS:

Camplejohn Rowan

CFC House

Acorn Business Park

Woodseats Close

Sheffield

South Yorkshire

S8 0TB

FIXED ASSETS

Tangible assets

4

2,370

2,956

CURRENT ASSETS

Debtors

5

72,953

65,389

Cash at bank and in hand

145,251

166,278

218,204

231,667

CREDITORS

Amounts falling due within one year

6

(136,657

)

(141,542

)

NET CURRENT ASSETS

81,547

90,125

TOTAL ASSETS LESS CURRENT LIABILITIES

83,917

93,081

CREDITORS

Amounts falling due after more than one year

7

(21,169

)

(25,403

)

PROVISIONS FOR LIABILITIES

(438

)

(547

)

NET ASSETS

62,310

67,131

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

62,210

67,031

SHAREHOLDERS' FUNDS

62,310

67,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 1 December 2022 and were signed on its behalf by:

Ms M K Hallowes - Director

1.	STATUTORY INFORMATION

M Ladbrook Limited 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.

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 represents insurance commissions and fees received. They are recognised when policies are agreed.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 or deferred taxation assets and liabilities are not discounted.

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.

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 8 (2021 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2021

2,344

10,950

13,294

Additions

204

-

204

At 31 March 2022

2,548

10,950

13,498

DEPRECIATION

At 1 April 2021

2,184

8,154

10,338

Charge for year

91

699

790

At 31 March 2022

2,275

8,853

11,128

NET BOOK VALUE

At 31 March 2022

273

2,097

2,370

At 31 March 2021

160

2,796

2,956

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

72,953

65,389

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

3,414

4,097

Trade creditors

87,020

106,037

Tax

18,740

22,067

Social security and other taxes

1,996

1,742

Other creditors

19,551

1,373

Accrued expenses

5,936

6,226

136,657

141,542

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

21,169

25,403

8.	ULTIMATE CONTROLLING PARTY

The controlling party is T D Larden.