The Honourable Lead Boiler Suit Co. Limi - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03962084 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

THE HONOURABLE LEAD BOILER SUIT

CO. LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

R Kemp

SECRETARY:

R Kemp

REGISTERED OFFICE:

57/61 Market Place

Cannock

Staffordshire

WS11 1BP

REGISTERED NUMBER:

03962084 (England and Wales)

ACCOUNTANTS:

Shelvoke Pickering Janney LLP

Chartered Certified Accountants

57-61 Market Place

Cannock

Staffordshire

WS11 1BP

CURRENT ASSETS

Inventories

375

75

Debtors

4

3,714

3,713

Cash at bank and in hand

131

839

4,220

4,627

CREDITORS

Amounts falling due within one year

5

6,609

4,485

NET CURRENT (LIABILITIES)/ASSETS

(2,389

)

142

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,389

)

142

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(2,489

)

42

SHAREHOLDERS' FUNDS

(2,389

)

142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 21 December 2020 and were signed by:

R Kemp - Director

1.	STATUTORY INFORMATION

The Honourable Lead Boiler Suit Co. 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.

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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Inventories 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 Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

3,714

3,713

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

1,909

-

Taxation and social security

2,257

2,813

Other creditors

2,443

1,672

6,609

4,485

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £12,144 (2019 - £11,500) were paid to the director .

The company was under the control of Mr R Kemp who owned 100% (2019: 100%)of the issued ordinary share capital.

The company made an interest free loan to Mr R kemp and the balance at 31 March 2020 was £2048 (2019: £2048). This was the highest balance and no terms are set down for repayment.