L Watts Design Limited,Ltd - AccountsLtd - Accounts

L Watts Design Limited,Ltd - AccountsLtd - Accounts

L WATTS DESIGN LTD - Company Information

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2020-04-01 11920762 2021-03-31 11920762 2020-04-01 2021-03-31 11920762 2020-03-31 11920762 2019-05-25 2020-03-31 11920762 uk-core:WithinOneYear 2020-03-31 11920762 uk-core:WithinOneYear 2021-03-31 11920762 uk-core:ShareCapital 2021-03-31 11920762 uk-core:ShareCapital 2020-03-31 11920762 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 11920762 uk-core:RetainedEarningsAccumulatedLosses 2020-03-31 11920762 uk-bus:Director1 2020-04-01 2021-03-31 iso4217:GBP xbrli:pure 11920762 uk-bus:AuditExemptWithAccountantsReport 2020-04-01 2021-03-31 11920762 uk-bus:FRS102 2020-04-01 2021-03-31 11920762 uk-bus:FullAccounts 2020-04-01 2021-03-31 11920762 uk-bus:PrivateLimitedCompanyLtd 2020-04-01 2021-03-31
L Watts Design Limited
Registered Number:11920762
For the year ended 31 March 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2021
L Watts Design Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
11920762
As at 31 March 2021
L Watts Design Limited
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
1,863
2,329
2
1,863
2,329
Current assets
Trade and other receivables
2,469
1,050
3
383
Cash and cash equivalents
3,868
4,918
2,852
Trade and other payables: amounts falling due within one
year
(3,827)
(5,966)
4
(975)
(1,048)
Net current liabilities
Total assets less current liabilities
815
1,354
(354)
(443)
Provisions for liabilities
461
Net assets
911
Capital and reserves
Called up share capital
1
1
Retained earnings
460
910
461
911
Shareholders' funds
For the year ended 31 March 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
L Watts Director
These financial statements were approved and authorised for issue by the Board on 20 October 2021 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 March 2021
L Watts Design Limited
Notes to the Financial Statements
Statutory Information
L Watts Design Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 11920762.
Registered address:
56 Bolderwood Way
West Wickham
Kent
BR4 9PH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Computer
Equipment
£
Cost or
valuation
At 01 April 2020
3,105
156
Additions
At 31 March 2021
3,261
Provision for depreciation and impairment
At 01 April 2020
776
Charge for year
622
At 31 March 2021
1,398
At 31 March 2021
Net book value
1,863
At 31 March 2020
2,329
3. Trade and other receivables
2020
2021
£
£
Trade debtors
1,050
1,785
Taxation and social security
-
684
2,469
1,050
2 of 3
5
For the year ended 31 March 2021
L Watts Design Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Taxation and social security
1,323
2,416
Accruals and deferred income
908
1,207
Directors' loan accounts
3,735
204
5,966
3,827
5. Related party transactions
During the 2 years ended 31 March 2021, L Watts a director controlled the company with 100% of the ordinary share
capital.
6. Average number of persons employed
During the year the average number of employees was 1 (2020 : 1)
3 of 3