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No description of principal activity
2018-07-01
Sage Accounts Production Advanced 2018 Update 1 - FRS
12,395
12,395
3,098
3,098
9,297
xbrli:pure
xbrli:shares
iso4217:GBP
11437122
2018-07-01
2019-06-30
11437122
2019-06-30
11437122
core:MotorVehicles
2018-07-01
2019-06-30
11437122
bus:RegisteredOffice
2018-07-01
2019-06-30
11437122
bus:LeadAgentIfApplicable
2018-07-01
2019-06-30
11437122
bus:Director1
2018-07-01
2019-06-30
11437122
bus:Director2
2018-07-01
2019-06-30
11437122
core:MotorVehicles
2019-06-30
11437122
core:WithinOneYear
2019-06-30
11437122
core:ShareCapital
2019-06-30
11437122
core:RetainedEarningsAccumulatedLosses
2019-06-30
11437122
bus:Director1
2019-06-30
11437122
bus:Director2
2019-06-30
11437122
bus:SmallEntities
2018-07-01
2019-06-30
11437122
bus:AuditExemptWithAccountantsReport
2018-07-01
2019-06-30
11437122
bus:FullAccounts
2018-07-01
2019-06-30
11437122
bus:SmallCompaniesRegimeForAccounts
2018-07-01
2019-06-30
11437122
bus:PrivateLimitedCompanyLtd
2018-07-01
2019-06-30
COMPANY REGISTRATION NUMBER:
11437122
Lord Roofing and Grounds works Ltd
|
|
Filleted Unaudited Financial Statements
|
|
Lord Roofing and Grounds works Ltd
|
|
Year ended 30 June 2019
Officers and professional advisers
|
1
|
|
|
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
|
2
|
|
|
Statement of financial position
|
3
|
|
|
Notes to the financial statements
|
5
|
|
|
Lord Roofing and Grounds works Ltd
|
|
Officers and Professional Advisers
|
|
The board of directors
|
Mrs N Kirby
|
|
Mr J Moore
|
|
|
Registered office
|
Unit 1b
|
|
Dean & Chapter Industrial Estate
|
|
Ferryhill
|
|
Co Durham
|
|
DL17 8LH
|
|
|
Accountants
|
Smith & Co
|
|
Chartered accountants
|
|
22 Whitworth Terrace
|
|
Spennymoor
|
|
Co Durham
|
|
DL16 7LD
|
|
|
Lord Roofing and Grounds works Ltd
|
|
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Lord Roofing and Grounds works Ltd
|
|
Year ended 30 June 2019
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 June 2019, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Smith & Co
Chartered accountants
22 Whitworth Terrace
Spennymoor
Co Durham
DL16 7LD
20 December 2019
Lord Roofing and Grounds works Ltd
|
|
Statement of Financial Position
|
|
30 June 2019
Fixed assets
Current assets
Stocks
|
8,650
|
Debtors
|
6
|
48,858
|
Cash at bank and in hand
|
7,163
|
|
--------
|
|
64,671
|
|
|
|
Creditors: amounts falling due within one year
|
7
|
86,930
|
|
--------
|
Net current liabilities
|
22,259
|
|
--------
|
Total assets less current liabilities
|
(
12,962)
|
|
--------
|
Net liabilities
|
(
12,962)
|
|
--------
|
|
|
|
Capital and reserves
Called up share capital
|
100
|
Profit and loss account
|
(
13,062)
|
|
--------
|
Shareholders deficit
|
(
12,962)
|
|
--------
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Lord Roofing and Grounds works Ltd
|
|
Statement of Financial Position (continued)
|
|
30 June 2019
These financial statements were approved by the
board of directors
and authorised for issue on
20 December 2019
, and are signed on behalf of the board by:
Company registration number:
11437122
Lord Roofing and Grounds works Ltd
|
|
Notes to the Financial Statements
|
|
Year ended 30 June 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1b, Dean & Chapter Industrial Estate, Ferryhill, Co Durham, DL17 8LH.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 July 2017. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 9.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Motor vehicles
|
-
|
25% reducing balance
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
.
5.
Tangible assets
|
Motor vehicles
|
|
£
|
Cost
|
|
At 1 July 2018
|
–
|
Additions
|
12,395
|
|
--------
|
At 30 June 2019
|
12,395
|
|
--------
|
Depreciation
|
|
At 1 July 2018
|
–
|
Charge for the year
|
3,098
|
|
--------
|
At 30 June 2019
|
3,098
|
|
--------
|
Carrying amount
|
|
At 30 June 2019
|
9,297
|
|
--------
|
|
|
6.
Debtors
|
2019
|
|
£
|
Trade debtors
|
48,858
|
|
--------
|
|
|
7.
Creditors:
amounts falling due within one year
|
2019
|
|
£
|
Trade creditors
|
18,862
|
Social security and other taxes
|
21,734
|
Other creditors
|
46,334
|
|
--------
|
|
86,930
|
|
--------
|
|
|
8.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
|
2019
|
|
|
Balance brought forward
|
Amounts repaid
|
Balance outstanding
|
|
|
£
|
£
|
£
|
|
Mrs N Kirby
|
–
|
(
22,020)
|
(
22,020)
|
|
Mr J Moore
|
–
|
(
22,021)
|
(
22,021)
|
|
|
----
|
--------
|
--------
|
|
|
–
|
(
44,041)
|
(
44,041)
|
|
|
----
|
--------
|
--------
|
|
|
|
|
|
9.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 July 2017.
No transitional adjustments were required in equity or profit or loss for the year.