Company Registration No. 03230923 (England and Wales)
Ladderstore Limited
Unaudited accounts
for the year ended 31 December 2021
Ladderstore Limited
Unaudited accounts
Contents
Ladderstore Limited
Company Information
for the year ended 31 December 2021
Directors
Lesley Gail Hounslea
Geoffrey John Hounslea
Gareth Monger
Secretary
Lesley Gail Hounslea
Company Number
03230923 (England and Wales)
Registered Office
THE OLD BANK 116-118 BRADSHAW BROW
BRADSHAW
BOLTON
BL2 3DD
Accountants
Walling Accountants
Unit 1B Hallidays Farm
Bilsborrow
Preston
PR3 0RU
Ladderstore Limited
Statement of financial position
as at
31 December 2021
Tangible assets
10,147
16,624
Inventories
82,914
69,759
Cash at bank and in hand
150,047
29,523
Creditors: amounts falling due within one year
(494,989)
(359,006)
Net current (liabilities)/assets
(16,071)
1,457
Total assets less current liabilities
(5,924)
18,081
Creditors: amounts falling due after more than one year
(81,408)
(86,433)
Provisions for liabilities
Deferred tax
(317)
(1,478)
Net liabilities
(87,649)
(69,830)
Called up share capital
100
100
Profit and loss account
(87,749)
(69,930)
Shareholders' funds
(87,649)
(69,830)
For the year ending 31 December 2021 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 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 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.
The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2021 and were signed on its behalf by
Lesley Gail Hounslea
Director
Company Registration No. 03230923
Ladderstore Limited
Notes to the Accounts
for the year ended 31 December 2021
Ladderstore Limited is a private company, limited by shares, registered in England and Wales, registration number 03230923. The registered office is THE OLD BANK 116-118 BRADSHAW BROW, BRADSHAW, BOLTON, BL2 3DD.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% straight line
Plant & machinery
33% straight line
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
Ladderstore Limited
Notes to the Accounts
for the year ended 31 December 2021
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2021
55,994
4,427
-
6,250
66,671
Additions
-
-
120
4,038
4,158
At 31 December 2021
55,994
4,427
120
10,288
70,829
At 1 January 2021
43,225
1,418
-
5,404
50,047
Charge for the year
8,452
1,406
25
752
10,635
At 31 December 2021
51,677
2,824
25
6,156
60,682
At 31 December 2021
4,317
1,603
95
4,132
10,147
At 31 December 2020
12,769
3,009
-
846
16,624
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
90,927
78,931
Accrued income and prepayments
18,159
59,195
Other debtors
136,871
123,055
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
12,109
13,567
Trade creditors
343,029
237,374
Taxes and social security
3,546
2,640
Other creditors
66,180
58,143
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 12 (2020: 11).