Lourd Property Maintenance Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07974902 (England and Wales)

LOURD PROPERTY MAINTENANCE LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Director:

B P M LeCarpentier

Registered office:

2 Tower House

Hoddesdon

Hertfordshire

EN11 8UR

Registered number:

07974902 (England and Wales)

Accountants:

Roberts & Co

Chartered Accountants

2 Tower House

Hoddesdon

Hertfordshire

EN11 8UR

Fixed assets

Intangible assets

4

-

8,500

Tangible assets

5

3,345

3,400

3,345

11,900

Current assets

Debtors

6

387,631

297,949

Cash at bank and in hand

33,237

31,039

420,868

328,988

Creditors

Amounts falling due within one year

7

190,980

160,709

Net current assets

229,888

168,279

Total assets less current liabilities

233,233

180,179

Creditors

Amounts falling due after more than one year

8

31,011

-

Net assets

202,222

180,179

Capital and reserves

Called up share capital

100

100

Retained earnings

202,122

180,079

Shareholders' funds

202,222

180,179

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 director acknowledges his 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 director and authorised for issue on 21 December 2022 and were signed by:

B P M LeCarpentier - Director

1.	Statutory information

Lourd Property Maintenance 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.

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 2013, 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.

Plant and machinery etc

-

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.

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 3 (2021 - 3 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2021

and 31 March 2022

85,000

Amortisation

At 1 April 2021

76,500

Charge for year

8,500

At 31 March 2022

85,000

Net book value

At 31 March 2022

-

At 31 March 2021

8,500

5.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 April 2021

26,461

Additions

1,063

At 31 March 2022

27,524

Depreciation

At 1 April 2021

23,061

Charge for year

1,118

At 31 March 2022

24,179

Net book value

At 31 March 2022

3,345

At 31 March 2021

3,400

6.

Debtors: amounts falling due within one year

2022

2021

£

£

Trade debtors

386,712

296,747

Other debtors

919

1,202

387,631

297,949

7.

Creditors: amounts falling due within one year

2022

2021

£

£

Bank loans and overdrafts

9,643

51,121

Trade creditors

78,221

87,356

Taxation and social security

100,253

19,880

Other creditors

2,863

2,352

190,980

160,709

8.

Creditors: amounts falling due after more than one year

2022

2021

£

£

Bank loans

31,011

-