LSJ The Car Body Repair Specialist Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10514107 (England and Wales)

Unaudited Financial Statements

for the Period 7 December 2016 to 31 December 2017

for

LSJ The Car Body Repair Specialist Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

A P Roger

Mrs K B Goodings

REGISTERED OFFICE:

2nd Floor

Hygeia House

66 College Road

Harrow

Middlesex

HA1 1BE

REGISTERED NUMBER:

10514107 (England and Wales)

ACCOUNTANTS:

Lawrence Grant

Chartered Accountants

and Reporting Accountants

2nd Floor

Hygeia House

66 College Road

Harrow

Middlesex

HA1 1BE

FIXED ASSETS

Tangible assets

4

21,863

CURRENT ASSETS

Stocks

3,000

Debtors

5

7,868

Cash at bank

25,081

35,949

CREDITORS

Amounts falling due within one year

6

56,399

NET CURRENT LIABILITIES

(20,450

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,413

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

1,313

SHAREHOLDERS' FUNDS

1,413

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

The members have not required the company to obtain an audit of its financial statements for the period 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 August 2018 and were signed on its behalf by:

A P Roger - Director

1.	STATUTORY INFORMATION

LSJ The Car Body Repair Specialist Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

20% reducing balance

Computer equipment

-

33% on cost

Stocks

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

items.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

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

financial position 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 period 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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either

financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual

interest in the assets of the company after deducting all of its liabilities.

Going concern basis

The financial statements have been prepared on a going concern basis, which is dependent upon the company's directors

continuing to provide the necessary financial facilities, to enable the company to continue in operation for the foreseeable

future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

Additions

27,003

261

27,264

At 31 December 2017

27,003

261

27,264

DEPRECIATION

Charge for period

5,401

-

5,401

At 31 December 2017

5,401

-

5,401

NET BOOK VALUE

At 31 December 2017

21,602

261

21,863

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

7,868

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

2,139

Taxation and social security

6,377

Other creditors

47,883

56,399

7.	RELATED PARTY DISCLOSURES

As at the period end date, the director, A P Roger had a credit balance on his director's current account in the sum of

£42,972. This was an interest free loan to the company and is included within creditors due within one year.

As at the period end date, the director, Mrs K B Goodings had a credit balance on her director's current account in the sum

of £2,514. This was an interest free loan to the company and is included within creditors due within one year.