Company Registration No. 09114621 (England and Wales)
Liad Limited
Filleted Accounts
for the year ended 31 July 2021
Liad Limited
Filleted Accounts
Contents
Liad Limited
Company Information
for the year ended 31 July 2021
Company Number
09114621 (England and Wales)
Registered Office
Sapphire House
73 St Margarets Avenue
Whetstone
London
N20 9LD
Accountants
Lacome & Co
Chartered Accountants
Sapphire House
73 St.Margarets Avenue
London
N20 9LD
Liad Limited
Statement of financial position
as at 31 July 2021
Tangible assets
1,398
1,116
Cash at bank and in hand
303,888
375,019
Creditors: amounts falling due within one year
(329,276)
(375,185)
Net current assets
20,294
8,314
Called up share capital
100
100
Profit and loss account
21,592
9,330
Shareholders' funds
21,692
9,430
For the year ending 31 July 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 his 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 15 March 2022 and were signed on its behalf by
E. Mizrachi
Director
Company Registration No. 09114621
Liad Limited
Notes to the Accounts
for the year ended 31 July 2021
Liad Limited is a private company, limited by shares, registered in England and Wales, registration number 09114621. The registered office is Sapphire House, 73 St Margarets Avenue, Whetstone, London, N20 9LD.
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.
Turnover and (Loss) represents net fees receivable, excluding Value Added Tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Reducing balance method at 20% per annum.
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Tangible fixed assets
Fixtures & fittings
5
Debtors: amounts falling due within one year
2021
2020
Liad Limited
Notes to the Accounts
for the year ended 31 July 2021
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
3,502
1,927
Other creditors
118,374
138,374
Loans from directors
205,861
233,358
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 1 (2020: 1).
