Company Registration No. 07255148 (England and Wales)
Lindsay of Liphook Ltd
Unaudited accounts
for the year ended 31 May 2021
Lindsay of Liphook Ltd
Unaudited accounts
Contents
Lindsay of Liphook Ltd
Company Information
for the year ended 31 May 2021
Secretary
Clint William Trigg
Company Number
07255148 (England and Wales)
Registered Office
18 Liss Business Centre
Station Road
Liss
Hampshire
GU33 7AW
Accountants
Mad About Book-Keeping Limited
Wolfe Mead
Farnham Road
Bordon
Hampshire
GU35 0NH
Lindsay of Liphook Ltd
Statement of financial position
as at 31 May 2021
Tangible assets
48,349
33,345
Cash at bank and in hand
24,184
16,141
Creditors: amounts falling due within one year
(30,180)
(34,023)
Net current assets
19,832
17,273
Total assets less current liabilities
68,181
50,618
Creditors: amounts falling due after more than one year
(53,908)
(14,940)
Provisions for liabilities
Deferred tax
(7,751)
(6,002)
Called up share capital
100
100
Profit and loss account
6,422
29,576
Shareholders' funds
6,522
29,676
For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 January 2022 and were signed on its behalf by
Joanne Lindsay
Director
Company Registration No. 07255148
Lindsay of Liphook Ltd
Notes to the Accounts
for the year ended 31 May 2021
Lindsay of Liphook Ltd is a private company, limited by shares, registered in England and Wales, registration number 07255148. The registered office is 18 Liss Business Centre, Station Road, Liss, Hampshire, GU33 7AW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight line
Computer equipment
33% Straight line
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Lindsay of Liphook Ltd
Notes to the Accounts
for the year ended 31 May 2021
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2020
65,279
3,694
68,973
Additions
26,995
1,819
28,814
At 31 May 2021
92,274
5,513
97,787
At 1 June 2020
32,625
3,003
35,628
Charge for the year
13,206
604
13,810
At 31 May 2021
45,831
3,607
49,438
At 31 May 2021
46,443
1,906
48,349
At 31 May 2020
32,654
691
33,345
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Debtors: amounts falling due within one year
2021
2020
Trade debtors
7,937
19,068
Accrued income and prepayments
4,849
4,330
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
11,031
4,805
Trade creditors
13,031
15,701
Taxes and social security
4,510
13,067
Loans from directors
20
450
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 1 (2020: 1).
