Loxwell Limited Filleted accounts for Companies House (small and micro)

Loxwell Limited Filleted accounts for Companies House (small and micro)

LOXWELL LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 01805473
LOXWELL LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2021
LOXWELL LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2021
2021
2020
Note
£
£
£
FIXED ASSETS
Tangible assets
4
40,000
40,000
Investments
5
1,040
1,040
--------
--------
41,040
41,040
CURRENT ASSETS
Debtors
6
19,623
19,623
Cash at bank and in hand
3,866
2,921
--------
--------
23,489
22,544
CREDITORS: amounts falling due within one year
7
( 3,560)
( 2,560)
--------
--------
NET CURRENT ASSETS
19,929
19,984
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
60,969
61,024
CREDITORS: amounts falling due after more than one year
8
( 40,000)
( 40,000)
--------
--------
NET ASSETS
20,969
21,024
--------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
20,869
20,924
--------
--------
SHAREHOLDERS FUNDS
20,969
21,024
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
LOXWELL LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2021
These financial statements were approved by the board of directors and authorised for issue on 5 November 2021 , and are signed on behalf of the board by:
A Wine
Director
Company registration number: 01805473
LOXWELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Bridge End, Leeds, West Yorkshire, LS1 4DJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services supplied.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. TANGIBLE ASSETS
Land and buildings
£
Cost
At 1 April 2020 and 31 March 2021
40,000
--------
Depreciation
At 1 April 2020 and 31 March 2021
–
--------
Carrying amount
At 31 March 2021
40,000
--------
At 31 March 2020
40,000
--------
5. INVESTMENTS
Listed
£
Cost
At 1 April 2020 and 31 March 2021
1,040
-------
Impairment
At 1 April 2020 and 31 March 2021
–
-------
Carrying amount
At 31 March 2021
1,040
-------
At 31 March 2020
1,040
-------
6. DEBTORS
2021
2020
£
£
Trade debtors
18,030
18,030
Other debtors
1,593
1,593
--------
--------
19,623
19,623
--------
--------
7. CREDITORS: amounts falling due within one year
2021
2020
£
£
Corporation tax
1,624
1,624
Other creditors
1,936
936
-------
-------
3,560
2,560
-------
-------
8. CREDITORS: amounts falling due after more than one year
2021
2020
£
£
Bank loans and overdrafts
30,000
–
Other creditors
10,000
40,000
--------
--------
40,000
40,000
--------
--------