Louwson Energy Ltd - Accounts to registrar (filleted) - small 18.2

Louwson Energy Ltd - Accounts to registrar (filleted) - small 18.2

LOUWSON ENERGY LTD - Company Information

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IRIS Accounts Production v21.1.0.652 10646392 Board of Directors Board of Directors 1.1.20 31.12.20 31.12.20 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure106463922019-12-31106463922020-12-31106463922020-01-012020-12-31106463922018-12-31106463922019-01-012019-12-31106463922019-12-3110646392ns16:EnglandWales2020-01-012020-12-3110646392ns15:PoundSterling2020-01-012020-12-3110646392ns11:Director12020-01-012020-12-3110646392ns11:Director22020-01-012020-12-3110646392ns11:PrivateLimitedCompanyLtd2020-01-012020-12-3110646392ns11:SmallEntities2020-01-012020-12-3110646392ns11:AuditExempt-NoAccountantsReport2020-01-012020-12-3110646392ns11:SmallCompaniesRegimeForDirectorsReport2020-01-012020-12-3110646392ns11:SmallCompaniesRegimeForAccounts2020-01-012020-12-3110646392ns11:FullAccounts2020-01-012020-12-3110646392ns11:RegisteredOffice2020-01-012020-12-3110646392ns6:CurrentFinancialInstruments2020-12-3110646392ns6:CurrentFinancialInstruments2019-12-3110646392ns6:Non-currentFinancialInstruments2020-12-3110646392ns6:Non-currentFinancialInstruments2019-12-3110646392ns6:ShareCapital2020-12-3110646392ns6:ShareCapital2019-12-3110646392ns6:RetainedEarningsAccumulatedLosses2020-12-3110646392ns6:RetainedEarningsAccumulatedLosses2019-12-3110646392ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-12-3110646392ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-12-3110646392ns11:Director112019-12-3110646392ns11:Director112018-12-3110646392ns11:Director112020-01-012020-12-3110646392ns11:Director112019-01-012019-12-3110646392ns11:Director112020-12-3110646392ns11:Director112019-12-31
REGISTERED NUMBER: 10646392 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

LOUWSON ENERGY LTD
LOUWSON ENERGY LTD (REGISTERED NUMBER: 10646392)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LOUWSON ENERGY LTD


COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2020







DIRECTORS: Mr J A Thompson
Louwson B.V.





REGISTERED OFFICE:
Todwick Industrial Estate
Unit 8, Bookers Way, Dinnington
Sheffield
South Yorkshire
S25 3SH





REGISTERED NUMBER: 10646392 (England and Wales)





ACCOUNTANTS: Townsend Harrison Limited
13 Yorkersgate
Malton
North Yorkshire
YO17 7AA
Page 1
LOUWSON ENERGY LTD (REGISTERED NUMBER: 10646392)


STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2020

2020 2019
Notes £    £   
CURRENT ASSETS
Stocks 40,583 7,000
Debtors 5 163,008 26,046
Cash at bank 125,000 23,113
328,591 56,159
CREDITORS
Amounts falling due within one year 6 228,474 44,266
NET CURRENT ASSETS 100,117 11,893
TOTAL ASSETS LESS CURRENT LIABILITIES 100,117 11,893

CREDITORS
Amounts falling due after more than one
year
7
48,333
-
NET ASSETS 51,784 11,893

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 51,782 11,891
SHAREHOLDERS' FUNDS 51,784 11,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 notes form part of these financial statements

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LOUWSON ENERGY LTD (REGISTERED NUMBER: 10646392)


STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2020


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 28 April 2021 and were signed on its behalf by:




Mr J A Thompson - Director



Louwson B.V. - Director


The notes form part of these financial statements

Page 3
LOUWSON ENERGY LTD (REGISTERED NUMBER: 10646392)


NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020

1. STATUTORY INFORMATION

Louwson Energy 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. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.


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LOUWSON ENERGY LTD (REGISTERED NUMBER: 10646392)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Revenue recognition
Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for the supply of goods and services that it provides. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 160,145 12,000
Other debtors 2,863 14,046
163,008 26,046

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 1,667 -
Trade creditors 71,553 42,681
Taxation and social security 53,419 -
Other creditors 101,835 1,585
228,474 44,266

Page 5 continued...
LOUWSON ENERGY LTD (REGISTERED NUMBER: 10646392)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020 2019
£    £   
Bank loans 48,333 -

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2020 and 31 December 2019:

2020 2019
£    £   
Mr J A Thompson
Balance outstanding at start of year (335 ) (335 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (335 ) (335 )

The above loans are interest free and repayable on demand. Overdrawn balances of more than £10,000 incur interest charges, no loans were over this amount during the period.

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