L J Communications Limited - Accounts to registrar (filleted) - small 18.2
L J Communications Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 June 2019 to 31 October 2020 |
| for |
| L J Communications Limited |
| L J Communications Limited (Registered number: 08667599) |
| Contents of the Financial Statements |
| for the Period 1 June 2019 to 31 October 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| L J Communications Limited |
| Company Information |
| for the Period 1 June 2019 to 31 October 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 316 Blackpool Road |
| Fulwood |
| Preston |
| Lancashire |
| PR2 3AE |
| L J Communications Limited (Registered number: 08667599) |
| Balance Sheet |
| 31 October 2020 |
| 31.10.20 | 31.5.19 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| 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 J Communications Limited (Registered number: 08667599) |
| Balance Sheet - continued |
| 31 October 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 J Communications Limited (Registered number: 08667599) |
| Notes to the Financial Statements |
| for the Period 1 June 2019 to 31 October 2020 |
| 1. | STATUTORY INFORMATION |
| L J Communications Limited is a |
| 2. | ACCOUNTING POLICIES |
| Going concern |
| These accounts have been prepared on going concern basis,as despite the company showing an insolvent balance sheet, the directors believe there are the company will continue to trade for the foreseeable future on the ground that the company's performance improved since the year end. |
| On 11 March 2020, the World Health Organisation officially declared COVID-19 as a pandemic. The accounts have been prepared on a going concern basis as although there are indicators of financial impact in relation to COVID-19 the directors have taken what are considered all necessary measures to protect the business from this to limit any adverse impact. The Directors anticipate the company continuing to trade for the foreseeable future and are monitoring the situation. |
| 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 |
| Fixtures and fittings | - |
| Computer equipment | - |
| Government grants |
| During the year the company was in receipt of relief in respect of the Coronavirus Job Retention Scheme. The income is recorded based on the claim periods made relating the financial year. |
| During the year the company was in receipt of a COVID-19 Small Business Grant/Retail, Hospitality and Leisure Grant/Discretionary Grant (delete as appropriate) . The company was eligible based on its business rates status and therefore the income is recognised on the date of issue of the relief. |
| During the year the company was in receipt of relief in respect of the Bounce Back Loan Scheme (BBLS). The Business Interruption Payment made by the government on behalf of the company has been brought in as a grant income and reflects the amounts relating to the financial year. |
| Taxation |
| Taxation for the period 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. |
| L J Communications Limited (Registered number: 08667599) |
| Notes to the Financial Statements - continued |
| for the Period 1 June 2019 to 31 October 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 period 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 June 2019 |
| and 31 October 2020 |
| DEPRECIATION |
| At 1 June 2019 |
| Charge for period |
| At 31 October 2020 |
| NET BOOK VALUE |
| At 31 October 2020 |
| At 31 May 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.20 | 31.5.19 |
| £ | £ |
| Prepayments |
| L J Communications Limited (Registered number: 08667599) |
| Notes to the Financial Statements - continued |
| for the Period 1 June 2019 to 31 October 2020 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.20 | 31.5.19 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 8,089 | 33,574 |
| Directors' loan accounts | 25 | 154 |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.10.20 | 31.5.19 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 31.10.20 | 31.5.19 |
| £ | £ |
| Within one year |
| Between one and five years |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.10.20 | 31.5.19 |
| £ | £ |
| Bank loans |
| The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from Virgin Money in the yea. |