Registration number:
14 Lawn Road Limited
for the Year Ended 31 January 2022
14 Lawn Road Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
14 Lawn Road Limited
Company Information
Directors |
GI Watters RW Biddulph Mr RG Watters |
Registered office |
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Accountants |
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14 Lawn Road Limited
(Registration number: 02578066)
Balance Sheet as at 31 January 2022
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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For the financial year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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14 Lawn Road Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022
General information |
14 Lawn Road is a private company, limited by shares, registered in England and Wales. The company's registered number is 02578066 and registered office address is as follows:
The address of its registered office is:
England
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements are prepared on a going concern basis and there are no material uncertainties that cast significant doubt on the Company’s ability to continue as a going concern.
14 Lawn Road Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022 (continued)
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Accounting policies (continued) |
Judgements
No judgements have been made in the process of applying the above accounting policies that have had a significant effect on the amounts recognised in the financial statements. |
No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made. |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Land and freehold reversion |
Not depreciated |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
14 Lawn Road Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022 (continued)
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Accounting policies (continued) |
Provisions
Provisions are made where an event has taken place that gives the Companies a legal or constructive obligation, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision in the Balance sheet.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
14 Lawn Road Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022 (continued)
Tangible assets |
Land and buildings |
Total |
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Cost or valuation |
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At 1 February 2021 |
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At 31 January 2022 |
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Net book value |
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At 31 January 2022 |
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At 31 January 2021 |
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Debtors |
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2021 |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
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2021 |
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Due within one year |
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Trade creditors |
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Other creditors |
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Accruals |
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