Lightweight Drywall Limited,Ltd - AccountsLtd - Accounts

Lightweight Drywall Limited,Ltd - AccountsLtd - Accounts

LIGHTWEIGHT DRYWALL LTD - Company Information

Print Friendly Version

2020-07-01 00981576 2021-06-30 00981576 2020-07-01 2021-06-30 00981576 2020-06-30 00981576 2019-07-01 2020-06-30 00981576 uk-core:WithinOneYear 2020-06-30 00981576 uk-core:WithinOneYear 2021-06-30 00981576 uk-core:ShareCapital 2021-06-30 00981576 uk-core:ShareCapital 2020-06-30 00981576 uk-core:RetainedEarningsAccumulatedLosses 2021-06-30 00981576 uk-core:RetainedEarningsAccumulatedLosses 2020-06-30 00981576 uk-bus:Director1 2020-07-01 2021-06-30 00981576 uk-core:FurnitureFittings 2020-06-30 00981576 uk-core:PlantMachinery 2020-06-30 00981576 uk-core:FurnitureFittings 2020-07-01 2021-06-30 00981576 uk-core:PlantMachinery 2020-07-01 2021-06-30 00981576 uk-core:PlantMachinery 2021-06-30 00981576 uk-core:FurnitureFittings 2021-06-30 iso4217:GBP xbrli:pure 00981576 uk-bus:AuditExemptWithAccountantsReport 2020-07-01 2021-06-30 00981576 uk-bus:FRS102 2020-07-01 2021-06-30 00981576 uk-bus:FullAccounts 2020-07-01 2021-06-30 00981576 uk-bus:PrivateLimitedCompanyLtd 2020-07-01 2021-06-30
Lightweight Drywall Limited
Registered Number:00981576
For the year ended 30 June 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2021
Lightweight Drywall Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
00981576
As at 30 June 2021
Lightweight Drywall Limited
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
14,155
15,239
2
14,155
15,239
Current assets
Trade and other receivables
166,728
481,061
3
1,528,912
Cash and cash equivalents
714,728
1,195,789
1,695,640
Trade and other payables: amounts falling due within one
year
(616,301)
(455,961)
4
1,079,339
739,828
Net current assets
Total assets less current liabilities
753,983
1,094,578
753,983
Net assets
1,094,578
Capital and reserves
Called up share capital
100
100
Retained earnings
753,883
1,094,478
753,983
1,094,578
Shareholders' funds
For the year ended 30 June 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 30 June 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.
Paul E Burgess Director
These financial statements were approved and authorised for issue by the Board on 07 December 2021 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 30 June 2021
Lightweight Drywall Limited
Notes to the Financial Statements
Statutory Information
Lightweight Drywall Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 00981576.
Registered address:
35 - 37 Groton Road
Earlsfield
London
SW18 4ER
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
Total
Furniture and
Fittings
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 July 2020
25,622
7,279
18,343
3,633
3,633
-
Additions
At 30 June 2021
18,343
10,912
29,255
Provision for depreciation and impairment
At 01 July 2020
10,383
2,358
8,025
Charge for year
4,717
2,138
2,579
At 30 June 2021
15,100
4,496
10,604
At 30 June 2021
Net book value
7,739
6,416
14,155
At 30 June 2020
10,318
4,921
15,239
3. Trade and other receivables
2020
2021
£
£
Trade debtors
411,240
132,372
Other debtors
69,821
34,356
166,728
481,061
2 of 3
5
For the year ended 30 June 2021
Lightweight Drywall Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Trade creditors
234,169
230,119
Taxation and social security
125,367
298,911
Other creditors
96,425
87,271
455,961
616,301
5. Related party transactions
The company rents office accommodation from the Trustees of the Lightweight Retirement and Death Benefit
Scheme at an annual rental cost of £28,140 (2020 : £28,140).
6. Average number of persons employed
During the year the average number of employees was 8 (2020 : 8)
3 of 3