LLOYD Asset Protection Limited - Accounts to registrar (filleted) - small 23.1.2

LLOYD Asset Protection Limited - Accounts to registrar (filleted) - small 23.1.2


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REGISTERED NUMBER: 07413084 (England and Wales)















Financial Statements For The Year Ended 31 December 2022

for

LLOYD Asset Protection Limited

LLOYD Asset Protection Limited (Registered number: 07413084)






Contents of the Financial Statements
For The Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

LLOYD Asset Protection Limited

Company Information
For The Year Ended 31 December 2022







DIRECTORS: A M Lloyd
Mrs S A Lloyd





SECRETARY: Mrs S A Lloyd





REGISTERED OFFICE: 13 Stourdale Road
Cradley Heath
West Midlands
B64 7BG





REGISTERED NUMBER: 07413084 (England and Wales)





ACCOUNTANTS: Howell Dunn & Co Limited
13 Stourdale Road
Cradley Heath
West Midlands
B64 7BG

LLOYD Asset Protection Limited (Registered number: 07413084)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,528 2,497

CURRENT ASSETS
Debtors 5 44,357 70,391
Cash at bank 159,934 144,368
204,291 214,759
CREDITORS
Amounts falling due within one year 6 29,220 38,567
NET CURRENT ASSETS 175,071 176,192
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,599

178,689

PROVISIONS FOR LIABILITIES 7 480 474
NET ASSETS 177,119 178,215

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 177,117 178,213
SHAREHOLDERS' FUNDS 177,119 178,215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LLOYD Asset Protection Limited (Registered number: 07413084)

Balance Sheet - continued
31 December 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2023 and were signed on its behalf by:





Mrs S A Lloyd - Director


LLOYD Asset Protection Limited (Registered number: 07413084)

Notes to the Financial Statements
For The Year Ended 31 December 2022

1. STATUTORY INFORMATION

LLOYD Asset Protection Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 30% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


LLOYD Asset Protection Limited (Registered number: 07413084)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme, with the assets held in a separately administered fund. Once the contributions have been paid, the company has no further payment obligations. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable/ payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Statement of comprehensive income in other administrative expenses.

Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks.

Impairment
Assets not valued at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the statement of comprehensive income.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Employee benefits
When employees have rendered service to the company, short term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

LLOYD Asset Protection Limited (Registered number: 07413084)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
Equipment fittings equipment Totals
£    £    £    £   
COST
At 1 January 2022 1,027 250 5,107 6,384
Additions 361 474 - 835
At 31 December 2022 1,388 724 5,107 7,219
DEPRECIATION
At 1 January 2022 285 228 3,374 3,887
Charge for year 185 99 520 804
At 31 December 2022 470 327 3,894 4,691
NET BOOK VALUE
At 31 December 2022 918 397 1,213 2,528
At 31 December 2021 742 22 1,733 2,497

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 43,549 69,481
Prepayments 808 910
44,357 70,391

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Corporation tax 23,649 27,684
Social security and other taxes 3,635 7,866
Directors' current accounts 1,112 2,223
Accrued expenses 824 794
29,220 38,567

7. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 480 474

Deferred
tax
£   
Balance at 1 January 2022 474
Charge to Statement of Income and Retained Earnings during year 6
Balance at 31 December 2022 480

LLOYD Asset Protection Limited (Registered number: 07413084)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2022

8. ULTIMATE CONTROLLING PARTY



Throughout the current period, A M Lloyd and S A Lloyd, who are directors, have controlled the company by virtue of holding 100% of the issued ordinary share capital.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
LLOYD Asset Protection Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LLOYD Asset Protection Limited for the year ended 31 December 2022 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of LLOYD Asset Protection Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of LLOYD Asset Protection Limited and state those matters that we have agreed to state to the Board of Directors of LLOYD Asset Protection Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that LLOYD Asset Protection Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of LLOYD Asset Protection Limited. You consider that LLOYD Asset Protection Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of LLOYD Asset Protection Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Howell Dunn & Co Limited
13 Stourdale Road
Cradley Heath
West Midlands
B64 7BG


5 June 2023