Company Registration No. 09511986 (England and Wales)
Lancashire Suppliers Ltd
Unaudited accounts
for the year ended 31 March 2021
Lancashire Suppliers Ltd
Unaudited accounts
Contents
Lancashire Suppliers Ltd
Company Information
for the year ended 31 March 2021
Directors
Zunaid Haswat
Fatima Haswat
Company Number
09511986 (England and Wales)
Lancashire Suppliers Ltd
Statement of financial position
as at
31 March 2021
Tangible assets
9,300
11,072
Inventories
178,316
253,133
Cash at bank and in hand
17,002
15,464
Creditors: amounts falling due within one year
(262,675)
(274,101)
Net current assets
30,277
7,132
Called up share capital
100
100
Profit and loss account
39,477
18,104
Shareholders' funds
39,577
18,204
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2021 and were signed on its behalf by
Zunaid Haswat
Director
Company Registration No. 09511986
Lancashire Suppliers Ltd
Notes to the Accounts
for the year ended 31 March 2021
Lancashire Suppliers Ltd is a private company, limited by shares, registered in England and Wales, registration number 09511986.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
15% Reducing Balance
Fixtures & fittings
20% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2020
13,350
7,763
21,113
At 31 March 2021
13,350
8,012
21,362
At 1 April 2020
8,488
1,553
10,041
Charge for the year
729
1,292
2,021
At 31 March 2021
9,217
2,845
12,062
At 31 March 2021
4,133
5,167
9,300
At 31 March 2020
4,862
6,210
11,072
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Debtors: amounts falling due within one year
2021
2020
Trade debtors
97,134
12,136
Lancashire Suppliers Ltd
Notes to the Accounts
for the year ended 31 March 2021
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
134,043
173,677
Taxes and social security
6,632
734
Loans from directors
112,208
94,788
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Average number of employees
During the year the average number of employees was 12 (2020: 5).