Lloyd & Lloyd Associates Limited - Period Ending 2021-05-31

Lloyd & Lloyd Associates Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 6

Lloyd & Lloyd Associates Limited

Company Information

Directors	Mrs L J Lloyd Mr J D Lloyd

Registered office

51 St. John Street Ashbourne Derbyshire DE6 1GP

Accountants

Coates and Partners Limited Chartered Accountants The Old Vicarage 51 St John Street Ashbourne Derbyshire DE6 1GP

Lloyd & Lloyd Associates Limited

(Registration number: 08061855)
Balance Sheet as at 31 May 2021

	Note	2021 £	2020 £
Fixed assets
Tangible assets	4	756	535
Current assets
Debtors	5	10,433	267
Cash at bank and in hand		105,450	161,234
		115,883	161,501
Creditors: Amounts falling due within one year	6	(114,510)	(154,271)
Net current assets		1,373	7,230
Net assets		2,129	7,765
Capital and reserves
Allotted, called up and fully paid share capital		100	100
Profit and loss account		2,029	7,665
		2,129	7,765
Total equity		2,129	7,765

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

These financial statements have been delivered to the Registrar of Companies in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and directors' report has been taken.

Approved and authorised by the Board on 14 February 2022 and signed on its behalf by:
 

Lloyd & Lloyd Associates Limited

(Registration number: 08061855)
Balance Sheet as at 31 May 2021

......................................... Mrs L J Lloyd Director

Lloyd & Lloyd Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2021

1	General information

The company is a private company limited by share capital incorporated in England and Wales registration number: 08061855.

The address of its registered office is:
51 St. John Street
Ashbourne
Derbyshire
DE6 1GP
England

These financial statements were authorised for issue by the Board on 14 February 2022.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Lloyd & Lloyd Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2021

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	33% straight line basis

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2020 - 2).

4	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 1 June 2020	2,229	2,229
Additions	354	354
Disposals	(359)	(359)
At 31 May 2021	2,224	2,224
Depreciation
At 1 June 2020	1,694	1,694
Charge for the year	133	133
Eliminated on disposal	(359)	(359)
At 31 May 2021	1,468	1,468
Carrying amount
At 31 May 2021	756	756
At 31 May 2020	535	535

Lloyd & Lloyd Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2021

5

Debtors

	2021 £	2020 £
Trade debtors	9,059	-
Prepayments	-	267
Other debtors	1,374	-
	10,433	267

6

Creditors

Creditors: amounts falling due within one year

	2021 £	2020 £
Due within one year
Taxation and social security	3,703	7,639
Accruals and deferred income	1,835	1,813
Other creditors	108,972	144,819
	114,510	154,271