REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 |
|
FOR |
|
L.T. ALUMINIUM GROUP LTD |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 |
|
FOR |
|
L.T. ALUMINIUM GROUP LTD |
L.T. ALUMINIUM GROUP LTD (REGISTERED NUMBER: SC152430) |
|
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 September 2020 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
L.T. ALUMINIUM GROUP LTD |
|
COMPANY INFORMATION |
for the year ended 30 September 2020 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Certified Accountants |
24A Ainslie Place |
Edinburgh |
EH3 6AJ |
L.T. ALUMINIUM GROUP LTD (REGISTERED NUMBER: SC152430) |
|
BALANCE SHEET |
30 September 2020 |
|
2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
Investments | 5 |
|
|
|
|
|
CURRENT ASSETS |
Debtors | 6 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 7 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one year | 8 |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Revaluation reserve | 10 |
|
|
Capital redemption reserve |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
L.T. ALUMINIUM GROUP LTD (REGISTERED NUMBER: SC152430) |
|
BALANCE SHEET - continued |
30 September 2020 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors and authorised for issue on
|
|
|
|
|
|
|
|
|
|
|
L.T. ALUMINIUM GROUP LTD (REGISTERED NUMBER: SC152430) |
|
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 September 2020 |
|
|
1. | STATUTORY INFORMATION |
|
L.T. Aluminium Group Ltd is a private company, limited by shares, registered in Scotland. The company's registered number and registered office address can be found on the Company Information page. |
|
The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
|
Consolidation |
The financial statements contain information about L.T. Aluminium Group Limited as an individual company and do not contain consolidated financial information as the group it heads qualifies as a small group. |
|
Revenue recognition |
Income from shares in group undertakings and other operating income is recognised when the right to payment arises. |
|
Tangible fixed assets |
Heritable property is included at its deemed cost. Depreciation is charged on buildings at 2%. Land is not depreciated. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was NIL (2019 - NIL). |
|
4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST |
At 1 October 2019 |
and 30 September 2020 |
|
DEPRECIATION |
At 1 October 2019 |
|
Charge for year |
|
At 30 September 2020 |
|
NET BOOK VALUE |
At 30 September 2020 |
|
At 30 September 2019 |
|
L.T. ALUMINIUM GROUP LTD (REGISTERED NUMBER: SC152430) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 September 2020 |
|
|
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 October 2019 |
and 30 September 2020 |
|
NET BOOK VALUE |
At 30 September 2020 |
|
At 30 September 2019 |
|
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Amounts owed by group undertakings |
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans and overdrafts |
|
|
Amounts owed to group undertakings |
|
|
Taxation and social security |
|
|
|
|
|
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans |
|
|
|
Amounts falling due in more than five years: |
|
Repayable by instalments |
Bank loans | 102,329 | 269,299 |
|
9. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
2020 | 2019 |
£ | £ |
Bank loans |
|
|
|
Bank loans are secured by a bond and floating charge over the assets of the company and a standard security over the company's property. |
|
10. | RESERVES |
Revaluation |
reserve |
£ |
At 1 October 2019 |
and 30 September 2020 |
|
L.T. ALUMINIUM GROUP LTD (REGISTERED NUMBER: SC152430) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 September 2020 |
|
|
11. | OTHER FINANCIAL COMMITMENTS |
|
Dividends proposed before the date of approval of the financial statements but not paid at the year end amounted to £42,000 (2019: £53,333). |
|
A cross company guarantee in favour of the Bank of Scotland exists between the company and its subsidiary Linn-Tech Scotland Limited. |