L.S. Laminating Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07300909 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2018

for

L.S. Laminating Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P F Pearson

REGISTERED OFFICE:

Lowe & Simpson Building

Vickers Close

Stockton-on-Tees

Cleveland

TS18 3TD

BUSINESS ADDRESS:

Cochranes Wharf

Dockside Road

Middlesbrough

TS3 6AW

REGISTERED NUMBER:

07300909 (England and Wales)

ACCOUNTANTS:

Davies Tracey

Chartered Accountants and Business Advisers

Swan House

Westpoint Road

Teesdale Business Park

Stockton on Tees

TS17 6BP

FIXED ASSETS

Tangible assets

4

165,459

197,399

CURRENT ASSETS

Stocks

4,500

19,500

Debtors

108,884

94,793

Cash at bank

44,810

48,484

158,194

162,777

CREDITORS

Amounts falling due within one year

125,818

137,690

NET CURRENT ASSETS

32,376

25,087

TOTAL ASSETS LESS CURRENT LIABILITIES

197,835

222,486

PROVISIONS FOR LIABILITIES

28,143

23,698

NET ASSETS

169,692

198,788

CAPITAL AND RESERVES

Allotted, called up and fully paid share capital

100,000

100,000

Retained earnings

69,692

98,788

169,692

198,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 13 May 2019 and were signed by:

Mr P F Pearson - Director

1.	STATUTORY INFORMATION

L.S. Laminating Limited is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance and 10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been

enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme

are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2017 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2017

407,787

Disposals

(9,000

)

At 30 November 2018

398,787

DEPRECIATION

At 1 December 2017

210,388

Charge for year

29,099

Eliminated on disposal

(6,159

)

At 30 November 2018

233,328

NET BOOK VALUE

At 30 November 2018

165,459

At 30 November 2017

197,399