Lapstone Enterprises Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03606462 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2021

for

Lapstone Enterprises Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Clark

SECRETARY:

Arlington Accountants Ltd

REGISTERED OFFICE:

The Russetts

Solomans Lane

Shirrel Heath

Southampton

SO32 2HU

REGISTERED NUMBER:

03606462 (England and Wales)

ACCOUNTANTS:

Arlington Accountants Limited

Unit C Anchor House

School Lane

Chandlers ford

Eastleigh

Hampshire

SO53 4DY

FIXED ASSETS

Tangible assets

4

-

731

CURRENT ASSETS

Debtors

5

39

76

Cash at bank

9,493

71,355

9,532

71,431

CREDITORS

Amounts falling due within one year

6

8,532

61,424

NET CURRENT ASSETS

1,000

10,007

TOTAL ASSETS LESS CURRENT LIABILITIES

1,000

10,738

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

-

9,738

SHAREHOLDERS' FUNDS

1,000

10,738

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 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 30 November 2021 and were signed by:

M Clark - Director

1.	STATUTORY INFORMATION

Lapstone Enterprises 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.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at the following annual rate in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Short-term debtors and creditors

Debtors and Creditors receivable and payable within one year or on demand are recorded at transaction price whether or not a rate of interest is charged on the balance.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 August 2020

1,166

3,828

4,994

Disposals

(1,166

)

(3,828

)

(4,994

)

At 31 July 2021

-

-

-

DEPRECIATION

At 1 August 2020

1,049

3,214

4,263

Eliminated on disposal

(1,049

)

(3,214

)

(4,263

)

At 31 July 2021

-

-

-

NET BOOK VALUE

At 31 July 2021

-

-

-

At 31 July 2020

117

614

731

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

VAT

39

76

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Tax

(1,105

)

(623

)

Director's current account

8,336

60,992

Accruals and deferred income

1,301

1,055

8,532

61,424

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2021 and 31 July 2020:

2021

2020

£

£

M Clark

Balance outstanding at start of year

(60,992

)

(49,727

)

Amounts advanced

60,798

11,098

Amounts repaid

(8,142

)

(22,363

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(8,336

)

(60,992

)