LLOYD Asset Protection Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07413084 (England and Wales)

Financial Statements For The Year Ended 31 December 2017

for

LLOYD Asset Protection Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTORS:

A M Lloyd

Mrs S A Lloyd

SECRETARY:

Mrs S A Lloyd

REGISTERED OFFICE:

60 Lyde Green

Halesowen

West Midlands

B63 2PQ

REGISTERED NUMBER:

07413084 (England and Wales)

ACCOUNTANTS:

Howell Dunn & Co Limited

60 Lyde Green

Halesowen

West Midlands

B63 2PQ

FIXED ASSETS

Tangible assets

4

2,343

1,827

CURRENT ASSETS

Debtors

5

33,452

40,211

Cash at bank

70,899

74,934

104,351

115,145

CREDITORS

Amounts falling due within one year

6

29,306

38,076

NET CURRENT ASSETS

75,045

77,069

TOTAL ASSETS LESS CURRENT LIABILITIES

77,388

78,896

PROVISIONS FOR LIABILITIES

7

445

365

NET ASSETS

76,943

78,531

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

76,941

78,529

SHAREHOLDERS' FUNDS

76,943

78,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 16 May 2018 and were signed on its behalf by:

Mrs S A Lloyd - Director

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 31 December 2016 are the first financial statements prepared in

accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The

date of transition to FRS 102 was 1 January 2015. The reported financial position and financial performance for

the previous period are not affected by the transition to FRS 102.

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.

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 Income Statement, 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.

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 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2017

250

6,719

6,969

Additions

-

1,509

1,509

At 31 December 2017

250

8,228

8,478

DEPRECIATION

At 1 January 2017

184

4,958

5,142

Charge for year

13

980

993

At 31 December 2017

197

5,938

6,135

NET BOOK VALUE

At 31 December 2017

53

2,290

2,343

At 31 December 2016

66

1,761

1,827

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

32,927

39,959

Prepayments

525

252

33,452

40,211

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Corporation tax

17,544

20,471

Social security and other taxes

1,908

5,657

Directors' current accounts

6,734

11,200

Accrued expenses

3,120

748

29,306

38,076

7.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

445

365

Deferred

tax

£

Balance at 1 January 2017

365

Charge to Statement of Comprehensive Income during year

80

Balance at 31 December 2017

445

8.	ULTIMATE CONTROLLING PARTY

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 2017 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

60 Lyde Green

Halesowen

West Midlands

B63 2PQ

16 May 2018