Gordon Swindle Trading As Liddle Foil Bl - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11649846 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2019 TO 29 NOVEMBER 2020

FOR

GORDON SWINDLE TRADING AS LIDDLE FOIL

BLOCKING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Swindle

REGISTERED OFFICE:

61 Durham Road

East Herrington

Sunderland

SR3 3ND

REGISTERED NUMBER:

11649846 (England and Wales)

ACCOUNTANTS:

Robert Miller & Co.

Chartered Accountants

43a Front Street

Cleadon Village

Sunderland

SR6 7PG

FIXED ASSETS

Tangible assets

4

20,175

24,019

CURRENT ASSETS

Stocks

1,600

1,500

Debtors

5

22,532

33,005

Cash at bank

35,396

17,562

59,528

52,067

CREDITORS

Amounts falling due within one year

6

27,754

42,366

NET CURRENT ASSETS

31,774

9,701

TOTAL ASSETS LESS CURRENT LIABILITIES

51,949

33,720

CREDITORS

Amounts falling due after more than one year

7

(30,000

)

(8,310

)

PROVISIONS FOR LIABILITIES

(3,833

)

-

NET ASSETS

18,116

25,410

CAPITAL AND RESERVES

Called up share capital

100

1

Retained earnings

18,016

25,409

SHAREHOLDERS' FUNDS

18,116

25,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 November 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 November 2020 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2021 and were signed by:

G Swindle - Director

1.	STATUTORY INFORMATION

Gordon Swindle Trading As Liddle Foil Blocking 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates 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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office and computer equipment

-

20% on reducing balance

Stocks

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Office

and

Plant and

Motor

computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 December 2019

16,868

13,035

1,083

30,986

Additions

-

-

1,811

1,811

At 29 November 2020

16,868

13,035

2,894

32,797

DEPRECIATION

At 1 December 2019

3,374

3,259

334

6,967

Charge for period

2,699

2,444

512

5,655

At 29 November 2020

6,073

5,703

846

12,622

NET BOOK VALUE

At 29 November 2020

10,795

7,332

2,048

20,175

At 30 November 2019

13,494

9,776

749

24,019

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 December 2019

and 29 November 2020

13,035

DEPRECIATION

At 1 December 2019

3,259

Charge for period

2,444

At 29 November 2020

5,703

NET BOOK VALUE

At 29 November 2020

7,332

At 30 November 2019

9,776

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

22,532

33,005

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Hire purchase contracts

1,639

6,440

Trade creditors

4,127

13,939

Taxation and social security

18,360

11,253

Other creditors

3,628

10,734

27,754

42,366

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

30,000

-

Hire purchase contracts

-

8,310

30,000

8,310