Lyons Watson Associates Ltd - Accounts to registrar (filleted) - small 18.2
Lyons Watson Associates Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2020 |
for |
Lyons Watson Associates Ltd |
Trading as |
Lyons Watson Accountants |
Lyons Watson Associates Ltd (Registered number: 09850821) |
Trading as Lyons Watson Accountants |
Contents of the Financial Statements |
for the Year Ended 31 December 2020 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Chartered Certified Accountants' Report | 6 |
Lyons Watson Associates Ltd |
Trading as Lyons Watson Accountants |
Company Information |
for the Year Ended 31 December 2020 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Accountants & Business Advisers |
Business Central |
2 Union Square |
Darlington |
Co. Durham |
DL1 1GL |
Lyons Watson Associates Ltd (Registered number: 09850821) |
Trading as Lyons Watson Accountants |
Abridged Balance Sheet |
31 December 2020 |
31/12/20 | 31/12/19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
Lyons Watson Associates Ltd (Registered number: 09850821) |
Trading as Lyons Watson Accountants |
Abridged Balance Sheet - continued |
31 December 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 director and authorised for issue on signed by: |
Lyons Watson Associates Ltd (Registered number: 09850821) |
Trading as Lyons Watson Accountants |
Notes to the Financial Statements |
for the Year Ended 31 December 2020 |
1. | STATUTORY INFORMATION |
Lyons Watson Associates Ltd is a |
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 |
The financial statements have been prepared under the going concern basis of accounting. |
Turnover |
Turnover represents the value of work carried out during the year including amounts not yet invoiced, |
excluding value added tax. Income is being recognised according to the stage of completion of work |
done. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
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 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. |
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 |
Lyons Watson Associates Ltd (Registered number: 09850821) |
Trading as Lyons Watson Accountants |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2020 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 January 2020 |
Additions |
Disposals | ( |
) |
At 31 December 2020 |
DEPRECIATION |
At 1 January 2020 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 December 2020 |
NET BOOK VALUE |
At 31 December 2020 |
At 31 December 2019 |
Chartered Certified Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Lyons Watson Associates Ltd |
The following reproduces the text of the report prepared for the director in respect of the company's |
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and |
certain other primary statements and the Report of the Director are not required to be filed with the |
Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval |
the financial statements of Lyons Watson Associates Ltd for the year ended 31 December 2020 which |
comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's |
accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
This report is made solely to the director of Lyons Watson Associates Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lyons Watson Associates Ltd and state those matters that we have agreed to state to the director of Lyons Watson Associates Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
It is your duty to ensure that Lyons Watson Associates Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lyons Watson Associates Ltd. You consider that Lyons Watson Associates Ltd is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Lyons Watson Associates Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Accountants & Business Advisers |
Business Central |
2 Union Square |
Darlington |
Co. Durham |
DL1 1GL |