LVY Contracts Ltd 31/08/2020 iXBRL

LVY Contracts Ltd 31/08/2020 iXBRL

LVY CONTRACTS LTD - Company Information

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Company registration number: NI620140
LVY CONTRACTS LTD
UNAUDITED FILLETED FINANCIAL STATEMENTS
31 August 2020
LVY CONTRACTS LTD
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020
_________________________________________________________________________________________
Contents
Directors and other information
Accountants report
Balance sheet and notes to the financial statements
LVY CONTRACTS LTD
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020
_________________________________________________________________________________________
Company Information
Director Mr Kieran Lavery
Company number NI620140
Registered office 34 Derramore Heights
Magherafelt
BT45 5RX
Accountants Kelly & O'Neill Ltd
15E Molesworth Street
Cookstown
Co Tyrone
BT80 8NX
Bankers Bank of Ireland
Market Street
Magherafelt
BT45 6EE
LVY CONTRACTS LTD
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LVY CONTRACTS LTD (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2020
________________________________________________________________________________________
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LVY Contracts Ltd for the year ended 31 August 2020 which comprise the Balance Sheet and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland, we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the director of LVY Contracts Ltd, as a body, in accordance with the terms of our engagement letter dated 5 October 2020. Our work has been undertaken solely to prepare for your approval the financial statements of LVY Contracts Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LVY Contracts Ltd and its director as a body for our work or for this report.
It is your duty to ensure that LVY Contracts Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of LVY Contracts Ltd. You consider that LVY Contracts Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of LVY Contracts Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Kelly & O'Neill Ltd
Chartered Accountants
15E Molesworth Street
Cookstown
Co Tyrone
BT80 8NX
5 November 2021
LVY CONTRACTS LTD
BALANCE SHEET
31 AUGUST 2020
_______________________________________________________________________________________
2020 2019
£ £
Fixed assets 130,000 -
_______ _______
Current assets 195,534 322,869
Creditors: amounts falling due within one year ( 333,843) ( 360,065)
_______ _______
Net current liabilities ( 138,309) ( 37,196)
_______ _______
Total assets less current liabilities ( 8,309) ( 37,196)
Accruals and deferred income ( 2,150) ( 1,050)
_______ _______
Net liabilities ( 10,459) ( 38,246)
_______ _______
Capital and reserves ( 10,459) ( 38,246)
_______ _______
Notes to the financial statements
LVY CONTRACTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2020
_________________________________________________________________________________________
1. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2020
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr Kieran Lavery ( 360,065) 31,153 ( 328,912)
_______ _______ _______
2019
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr Kieran Lavery ( 472,884) 112,819 ( 360,065)
_______ _______ _______
For the year ending 31 August 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 05 November 2021 , and are signed on behalf of the board by:
Mr Kieran Lavery
Director
Company registration number: NI620140
The company is a private company limited by shares, registered in N Ireland.