Lockhart-Cator Limited

Lockhart-Cator Limited

LOCKHART-CATOR LIMITED - Company Information

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1 March 2017 false No description of principal activity Taxfiler 2018.11.Web 9448957business:PrivateLimitedCompanyLtd2017-03-012018-02-28 94489572017-02-28 94489572017-03-012018-02-28 9448957business:AuditExempt-NoAccountantsReport2017-03-012018-02-28 9448957business:FullAccounts2017-03-012018-02-28 94489572018-02-28 9448957business:Director12017-03-012018-02-28 9448957business:RegisteredOffice2017-03-012018-02-28 94489572017-02-28 9448957core:WithinOneYear2018-02-28 9448957core:WithinOneYear2017-02-28 9448957core:ShareCapital2018-02-28 9448957core:ShareCapital2017-02-28 9448957business:SmallEntities2017-03-012018-02-28 9448957countries:EnglandWales2017-03-012018-02-28 9448957core:PlantMachinery2017-03-012018-02-28 9448957core:MotorVehicles2017-03-012018-02-28 9448957core:FurnitureFittings2017-03-012018-02-28 9448957core:ComputerEquipment2017-03-012018-02-28 9448957core:PlantMachinery2017-02-28 9448957core:MotorVehicles2017-02-28 9448957core:FurnitureFittings2017-02-28 9448957core:PlantMachinery2018-02-28 9448957core:MotorVehicles2018-02-28 9448957core:FurnitureFittings2018-02-28 9448957business:Director112017-03-012018-02-28 9448957business:Director112017-02-28 9448957business:Director112018-02-28 94489572016-03-012017-02-28 iso4217:GBP xbrli:pure
Company Registration No. 9448957 (England and Wales)
Lockhart-Cator Limited Unaudited accounts for the year ended 28 February 2018
Lockhart-Cator Limited Unaudited accounts Contents
Page
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Lockhart-Cator Limited Company Information for the year ended 28 February 2018
Director
Steven Cator
Company Number
9448957 (England and Wales)
Registered Office
12 ILEX COURT NORWICH NR7 8LG ENGLAND
Accountants
Sharon Wray Accountancy Services Unit 4 The Stables Silver Farm, Silver Street Besthorpe Norfolk NR17 2NY
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Lockhart-Cator Limited Statement of financial position as at 28 February 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
25,867 
12,299 
Current assets
Inventories
5
89,476 
64,900 
Debtors
6
27,344 
1,645 
Cash at bank and in hand
4,804 
14,060 
121,624 
80,605 
Creditors: amounts falling due within one year
7
(147,489)
(92,902)
Net current liabilities
(25,865)
(12,297)
Net assets
2 
2 
Capital and reserves
Called up share capital
2 
2 
Shareholders' funds
2 
2 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 14 August 2018.
Steven Cator Director Company Registration No. 9448957
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Lockhart-Cator Limited Notes to the Accounts for the year ended 28 February 2018
1
Statutory information
Lockhart-Cator Limited is a private company, limited by shares, registered in England and Wales, registration number 9448957. The registered office is 12 ILEX COURT, NORWICH, NR7 8LG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Depreciation has been provided by the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line basis
Motor vehicles
25% reducing balance basis
Fixtures & fittings
25% straight line basis
Computer equipment
25% straight line basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Lockhart-Cator Limited Notes to the Accounts for the year ended 28 February 2018
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2017
10,016 
7,403 
1,208 
18,627 
Additions
6,430 
700 
- 
7,130 
At 28 February 2018
16,446 
8,103 
1,208 
25,757 
Depreciation
At 1 March 2017
3,991 
1,851 
486 
6,328 
Charge for the year
(4,111)
(2,026)
(301)
(6,438)
At 28 February 2018
(120)
(175)
185 
(110)
Net book value
At 28 February 2018
16,566 
8,278 
1,023 
25,867 
At 28 February 2017
6,025 
5,552 
722 
12,299 
5
Inventories
2018 
2017 
£ 
£ 
Finished goods
89,476 
64,900 
89,476 
64,900 
6
Debtors
2018 
2017 
£ 
£ 
Trade debtors
22,000 
- 
Other debtors
5,344 
1,645 
27,344 
1,645 
7
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Trade creditors
5,471 
2,262 
Taxes and social security
13,305 
8,198 
Proposed dividends
26,223 
- 
Other creditors
102,040 
85,225 
Loans from directors
- 
(4,243)
Accruals
450 
1,460 
147,489 
92,902 
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Lockhart-Cator Limited Notes to the Accounts for the year ended 28 February 2018
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Steven Cator
Directors Loan
(4,243)
4,243 
- 
- 
(4,243)
4,243 
- 
- 
Directors loan was overdrawn at the start of the year and repaid during the year from dividends taken.
9
Controlling party
The company's controlling party is Mr Steven Cator by virtue of his ownership of 50% of the issued share capital in the company.
10
Average number of employees
During the year the average number of employees was 2 (2017: 0).
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