Company Registration No. 8283501 (England and Wales)
Lining Sector Limited
Unaudited accounts
for the year ended 30 November 2020
Lining Sector Limited
Unaudited accounts
Contents
Lining Sector Limited
Company Information
for the year ended 30 November 2020
Directors
P Danes
D Kiddle
Company Number
8283501 (England and Wales)
Registered Office
85 Hook Road
Epsom
Surrey
KT19 8TP
Accountants
Magic Eye Consulting Ltd
85 Hook Road
Epsom
Surrey
KT19 8TP
Lining Sector Limited
Statement of financial position
as at
30 November 2020
Tangible assets
45,951
13,261
Cash at bank and in hand
61,586
34,348
Creditors: amounts falling due within one year
(51,937)
(64,105)
Net current assets
135,229
78,866
Total assets less current liabilities
181,180
92,127
Creditors: amounts falling due after more than one year
(75,123)
-
Net assets
106,057
92,127
Called up share capital
100
100
Profit and loss account
105,957
92,027
Shareholders' funds
106,057
92,127
For the year ending 30 November 2020 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 2 August 2021 and were signed on its behalf by
D Kiddle
Director
Company Registration No. 8283501
Lining Sector Limited
Notes to the Accounts
for the year ended 30 November 2020
Lining Sector Limited is a private company, limited by shares, registered in England and Wales, registration number 8283501. The registered office is 85 Hook Road, Epsom, Surrey, KT19 8TP.
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.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 December 2019
72,525
56,311
128,836
Additions
48,096
-
48,096
At 30 November 2020
120,621
56,311
176,932
At 1 December 2019
62,560
53,015
115,575
Charge for the year
12,110
3,296
15,406
At 30 November 2020
74,670
56,311
130,981
At 30 November 2020
45,951
-
45,951
At 30 November 2019
9,965
3,296
13,261
5
Debtors: amounts falling due within one year
2020
2019
Trade debtors
125,580
108,623
Lining Sector Limited
Notes to the Accounts
for the year ended 30 November 2020
6
Creditors: amounts falling due within one year
2020
2019
Obligations under finance leases and hire purchase contracts
228
-
Trade creditors
1,060
2,973
Taxes and social security
30,638
60,894
Loans from directors
2,565
44
7
Creditors: amounts falling due after more than one year
2020
2019
Obligations under finance leases and hire purchase contracts
24,996
-
8
Average number of employees
During the year the average number of employees was 3 (2019: 4).