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REGISTERED NUMBER: 06847615 (England and Wales)











Lee Porter Carpets Limited

Unaudited Financial Statements

for the Year Ended 31 March 2022






Lee Porter Carpets Limited (Registered number: 06847615)

Contents of the Financial Statements
for the Year Ended 31 March 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Lee Porter Carpets Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: L Porter





REGISTERED OFFICE: Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF





REGISTERED NUMBER: 06847615 (England and Wales)





ACCOUNTANTS: Haines Watts Tamworth Limited
Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF

Lee Porter Carpets Limited (Registered number: 06847615)

Statement of Financial Position
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 17,645 22,618

CURRENT ASSETS
Debtors 6 2,582 6,020
Cash at bank 19,579 14,340
22,161 20,360
CREDITORS
Amounts falling due within one year 7 24,867 13,187
NET CURRENT (LIABILITIES)/ASSETS (2,706 ) 7,173
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,939

29,791

CREDITORS
Amounts falling due after more than one
year

8

(2,333

)

(17,573

)

PROVISIONS FOR LIABILITIES (2,256 ) (4,298 )
NET ASSETS 10,350 7,920

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10,250 7,820
SHAREHOLDERS' FUNDS 10,350 7,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 25 July 2022 and were signed by:





L Porter - Director


Lee Porter Carpets Limited (Registered number: 06847615)

Notes to the Financial Statements
for the Year Ended 31 March 2022


1. STATUTORY INFORMATION

Lee Porter Carpets Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgement, estimates and assumptions about carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

Lee Porter Carpets Limited (Registered number: 06847615)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 53,584
Additions 1,045
At 31 March 2022 54,629
DEPRECIATION
At 1 April 2021 30,966
Charge for year 6,018
At 31 March 2022 36,984
NET BOOK VALUE
At 31 March 2022 17,645
At 31 March 2021 22,618

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 2,376 5,865
Other debtors 206 155
2,582 6,020

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 15,240 7,960
Trade creditors (640 ) (639 )
Taxation and social security 9,608 5,240
Other creditors 659 626
24,867 13,187

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 2,333 17,573

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary 1 100 100

10. RELATED PARTY DISCLOSURES

During the year the director made loans to the company, these were interest free and repayable on demand. The balance at the year end was £39 (2021 - £6).