Registered number: 08387088 | ||||||||
|
||||||||
|
||||||||
|
||||||||
|
||||||||
FOR THE YEAR ENDED 29/02/2020 | ||||||||
|
||||||||
Prepared By: | ||||||||
Ocean Air Accountants Limited | ||||||||
Chartered Certified Accountants | ||||||||
750-760 High Road | ||||||||
Leytonstone | ||||||||
London | ||||||||
E11 3AW |
|
||||||||
LV QUALITY LTD | ||||||||
|
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 29/02/2020 | ||||||||
DIRECTORS | ||||||||
|
||||||||
REGISTERED OFFICE | ||||||||
|
||||||||
|
||||||||
|
||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 08387088 | ||||||||
ACCOUNTANTS | ||||||||
Ocean Air Accountants Limited | ||||||||
Chartered Certified Accountants | ||||||||
750-760 High Road | ||||||||
Leytonstone | ||||||||
London | ||||||||
E11 3AW |
|
||||||||
LV QUALITY LTD | ||||||||
|
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 29/02/2020 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
|
||||||||
LV QUALITY LTD | ||||||||
|
BALANCE SHEET AT
|
||||||||||
2020 | 2019 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 |
|
|
|||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 |
|
|
|||||||
Cash at bank and in hand |
|
|
||||||||
1,558 | 4,564 | |||||||||
CREDITORS: Amounts falling due within one year | 5 |
|
|
|||||||
NET CURRENT LIABILITIES |
(
|
(4,561) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
(
|
|
||||||||
CREDITORS: Amounts falling due after more than one year | 6 | - | 8,792 | |||||||
NET LIABILITIES |
(
|
(
|
||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 |
|
|
|||||||
Profit and loss account | (6,173) | (2,998) | ||||||||
SHAREHOLDERS' FUNDS |
(
|
(
|
||||||||
|
||||||||||
|
||||||||||
|
||||||||||
|
||||||||||
|
||||||||||
Approved by the board on
|
||||||||||
............................. | ||||||||||
|
||||||||||
Director | ||||||||||
|
||||||||
LV QUALITY LTD | ||||||||
|
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 29/02/2020 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
|
||||||||
Commercial Vehicles | reducing balance 18% | |||||||
Equipment | reducing balance 18% |
2. EMPLOYEES | ||||||
2020 | 2019 | |||||
No. | No. | |||||
Average number of employees | 1 | 1 | ||||
3. TANGIBLE FIXED ASSETS | ||||||
Commercial | ||||||
Vehicles | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/03/2019 | 15,045 | 495 | 15,540 | |||
Disposals | (8,902) | - | (8,902) | |||
At 29/02/2020 | 6,143 | 495 | 6,638 | |||
Depreciation | ||||||
At 01/03/2019 | 4,929 | 156 | 5,085 | |||
For the year | 1,214 | 61 | 1,275 | |||
At 29/02/2020 | 6,143 | 217 | 6,360 | |||
Net Book Amounts | ||||||
At 29/02/2020 |
|
|
278 | |||
At 28/02/2019 |
|
|
10,455 | |||
|
||||||||
LV QUALITY LTD | ||||||||
|
4. DEBTORS | 2020 | 2019 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
PAYE control | - | 145 | ||||||
Directors current account | - | 2,362 | ||||||
- | 2,507 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2020 | 2019 | |||||||
£ | £ | |||||||
UK corporation tax | 103 | 6,664 | ||||||
VAT | - | 1,780 | ||||||
PAYE control | 291 | - | ||||||
Directors current account | 7,084 | - | ||||||
Accruals | 431 | 681 | ||||||
7,909 | 9,125 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2020 | 2019 | |||||||
£ | £ | |||||||
9,849 | 11,816 | |||||||
9,849 | 11,816 | |||||||
7. SHARE CAPITAL | 2020 | 2019 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
|
100 | 100 | ||||||
100 | 100 | |||||||