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Lodge's Grabs Ltd
Registered Number:11128000
For the year ended 31 December 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2021
Lodge's Grabs Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
11128000
As at 31 December 2021
Lodge's Grabs Ltd
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
106,766
36,486
2
106,766
36,486
Current assets
Trade and other receivables
6,266
9,775
3
154,431
Cash and cash equivalents
146,387
156,162
160,697
Trade and other payables: amounts falling due within one
year
(97,701)
(68,294)
4
62,996
87,868
Net current assets
Total assets less current liabilities
194,634
99,482
Trade and other payables: amounts falling due after more
than one year
(13,300)
(46,210)
5
148,424
Net assets
86,182
Capital and reserves
Called up share capital
200
200
Retained earnings
148,224
85,982
148,424
86,182
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Robert Lodge Director
These financial statements were approved and authorised for issue by the Board on 05 May 2022 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2021
Lodge's Grabs Ltd
Notes to the Financial Statements
Statutory Information
Lodge's Grabs Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 11128000.
Registered address:
34 Moss Path
Galleywood
Chelmsford
Essex
CM28YG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
20% Reducing balance
Motor Vehicles
2. Property, plant and equipment
Total
Motor
Vehicles
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 January 2021
43,696
15,000
28,696
102,450
-
102,450
Additions
-
(24,000)
Disposals
(24,000)
At 31 December 2021
107,146
15,000
122,146
Provision for depreciation and impairment
At 01 January 2021
7,210
6,200
1,010
Charge for year
10,938
1,760
9,178
(2,768)
-
(2,768)
On disposal
At 31 December 2021
15,380
7,960
7,420
At 31 December 2021
Net book value
99,726
7,040
106,766
At 31 December 2020
27,686
8,800
36,486
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5
For the year ended 31 December 2021
Lodge's Grabs Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2020
2021
£
£
Trade debtors
5,474
6,266
Other debtors
4,301
-
6,266
9,775
4. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Taxation and social security
11,372
41,559
Accruals and deferred income
2,670
2,150
Directors' loan accounts
54,252
53,992
68,294
97,701
5. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
13,300
46,210
Obligations under HP/Financial leases
Analysis of creditors falling due after more than five years:
Payable by instalments
46,210
-
6. Related party transactions
The company is controlled by the Director Robert Lodge.
During the year interim ordinary dividends in the sum of £7,200 (£5,000) were paid to the Director Robert Lodge in
respect of his equity shareholding in the company.
7. Average number of persons employed
During the year the average number of employees was 1 (2020 : 1)
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