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REGISTERED NUMBER: 01414497 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Library Book Services Limited

Library Book Services Limited (Registered number: 01414497)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Library Book Services Limited

Company Information
for the Year Ended 31 December 2021







DIRECTOR: P M Charalambous





SECRETARY: Ms. Z Christoforides





REGISTERED OFFICE: 26A Shirehall Park
London
NW4 2QL





REGISTERED NUMBER: 01414497 (England and Wales)





ACCOUNTANTS: Chelepis Watson Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Library Book Services Limited (Registered number: 01414497)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 4,975 5,809
4,975 5,809

CURRENT ASSETS
Stocks 1,745 985
Debtors 7 8,773 7,364
Cash at bank 86,552 91,689
97,070 100,038
CREDITORS
Amounts falling due within one year 8 (21,950 ) (19,491 )
NET CURRENT ASSETS 75,120 80,547
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,095

86,356

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 79,995 86,256
SHAREHOLDERS' FUNDS 80,095 86,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

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 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.

Library Book Services Limited (Registered number: 01414497)

Balance Sheet - continued
31 December 2021


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 13 September 2022 and were signed by:





P M Charalambous - Director


Library Book Services Limited (Registered number: 01414497)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Library Book Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 2,000
AMORTISATION
At 1 January 2021
and 31 December 2021 2,000
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

Library Book Services Limited (Registered number: 01414497)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 January 2021
and 31 December 2021 19,336 55,381 74,717
DEPRECIATION
At 1 January 2021 16,069 52,839 68,908
Charge for year 326 508 834
At 31 December 2021 16,395 53,347 69,742
NET BOOK VALUE
At 31 December 2021 2,941 2,034 4,975
At 31 December 2020 3,267 2,542 5,809

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 8,233 6,175
VAT 180 574
Prepayments and accrued income 360 615
8,773 7,364

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 4,065 8,075
Directors' current accounts 15,725 10,156
Accrued expenses 2,160 1,260
21,950 19,491

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
100 Ordinary £1 100 100

Library Book Services Limited (Registered number: 01414497)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

10. RESERVES
Retained
earnings
£   

At 1 January 2021 86,256
Deficit for the year (4,761 )
Dividends (1,500 )
At 31 December 2021 79,995