Lloyd Richards Ltd
Lloyd Richards Ltd
Registered number: 03934998
Unaudited Financial Statements
For The Year Ended 28 February 2018
Lloyd Richards Ltd
Eaton House
Stoke Prior Lane
Leominster
Herefordshire
HR6 0NA
Lloyd Richards Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2018
Unaudited Financial Statements
| Contents | |
| Page | |
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| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Lloyd Richards Ltd
Balance Sheet
As at
28 February 2018
Balance Sheet
Registered number:
03934998
For the year ending 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2018 | 2017 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
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| CURRENT ASSETS | |||||
| Stocks | 3 |
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| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 55,728 | 60,268 | |||
Page 1
Lloyd Richards Ltd
Balance Sheet (continued)
As at
28 February 2018
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Lloyd Richards Ltd
Notes to the Unaudited Accounts
For The Year Ended 28 February 2018
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from providing accountancy services.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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| Fixtures & Fittings |
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| Computer Equipment |
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1.4.
Stocks and Work in Progress
Work in progress is an estimated value of accounting and administration services not completed for invoicing at year end date.
1.5.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
1.6.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
Page 3
Lloyd Richards Ltd
Notes to the Unaudited Accounts (continued)
For The Year Ended 28 February 2018
2.
Tangible Assets
| Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total | |
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| £ | £ | £ | £ | |
| Cost | ||||
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| Disposals |
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| Depreciation | ||||
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| Provided during the period |
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| Disposals |
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| Net Book Value | ||||
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3.
Stocks
| 2018 | 2017 | ||
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| £ | £ | ||
| Stock - work in progress |
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4.
Debtors
| 2018 | 2017 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors (1) |
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| Due after more than one year | |||
| Temporary Loan (non director) |
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Page 4
Lloyd Richards Ltd
Notes to the Unaudited Accounts (continued)
For The Year Ended 28 February 2018
5.
Creditors: Amounts Falling Due Within One Year
| 2018 | 2017 | ||
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| £ | £ | ||
| Trade creditors |
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| Bank loans and overdrafts |
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| Corporation tax |
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| Other taxes and social security |
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| VAT |
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| Autoenrolment pensions (1) (Current liabilities - creditors < 1 year) |
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| Dividends due (Current liabilities - creditors < 1 year) |
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| Accruals and deferred income |
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7.
General Information
Lloyd Richards Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03934998 . The registered office is Eaton House, Stoke Prior Lane, Leominster, Herefordshire, HR6 0NA.
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