Lloyd Loaders (MH) Limited - Abbreviated accounts 16.3

LLOYD LOADERS (MH) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs C S Moulson

Mrs S W Clifford

M Lloyd

SECRETARY:

R S Lloyd

REGISTERED OFFICE:

Mytholm Works

Hipperholme

Halifax

West Yorkshire

HX3 8PJ

REGISTERED NUMBER:

00655189 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Chartered Accountants

Fairfax House

6a Mill Field Road

Cottingley Business Park

Bradford

West Yorkshire

BD16 1PY

FIXED ASSETS

Tangible assets

2

2,100,156

2,100,201

CURRENT ASSETS

Stocks

45,438

43,998

Debtors

28,705

33,447

Cash at bank

298

74,441

77,743

CREDITORS

Amounts falling due within one year

3

99,858

100,681

NET CURRENT LIABILITIES

(25,417

)

(22,938

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,074,739

2,077,263

CAPITAL AND RESERVES

Called up share capital

4

1,500

Revaluation reserve

2,004,275

Profit and loss account

68,964

71,488

SHAREHOLDERS' FUNDS

2,074,739

2,077,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 14 January 2017 and were signed on its behalf
by:

Mrs C S Moulson - Director

Mrs S W Clifford - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities

(effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land & buildings

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on cost

Freehold land and buildings consists mainly of land which the directors do not consider will materially reduce

in value. Depreciation is therefore not considered to be appropriate.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 May 2015

and 30 April 2016

2,197,332

DEPRECIATION

At 1 May 2015

97,131

Charge for year

45

At 30 April 2016

97,176

NET BOOK VALUE

At 30 April 2016

2,100,156

At 30 April 2015

2,100,201

3.

CREDITORS

Creditors include an amount of £ 39,516 (30.4.15 - £ 42,799 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

1,500

Ordinary

£1.00

1,500