D.S. Lloyd Limited 02950168 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is supply of glass and other associated glazing services Digita Accounts Production Advanced 6.30.9574.0 true true 02950168 2022-08-01 2023-07-31 02950168 2023-07-31 02950168 bus:OrdinaryShareClass1 2023-07-31 02950168 core:CurrentFinancialInstruments 2023-07-31 02950168 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 02950168 core:MotorVehicles 2023-07-31 02950168 core:OfficeEquipment 2023-07-31 02950168 bus:SmallEntities 2022-08-01 2023-07-31 02950168 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 02950168 bus:FilletedAccounts 2022-08-01 2023-07-31 02950168 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 02950168 bus:RegisteredOffice 2022-08-01 2023-07-31 02950168 bus:Director2 2022-08-01 2023-07-31 02950168 bus:Director3 2022-08-01 2023-07-31 02950168 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 02950168 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 02950168 core:MotorVehicles 2022-08-01 2023-07-31 02950168 core:OfficeEquipment 2022-08-01 2023-07-31 02950168 countries:EnglandWales 2022-08-01 2023-07-31 02950168 2022-07-31 02950168 core:MotorVehicles 2022-07-31 02950168 core:OfficeEquipment 2022-07-31 02950168 2021-08-01 2022-07-31 02950168 2022-07-31 02950168 bus:OrdinaryShareClass1 2022-07-31 02950168 core:CurrentFinancialInstruments 2022-07-31 02950168 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 02950168 core:MotorVehicles 2022-07-31 02950168 core:OfficeEquipment 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02950168

D.S. Lloyd Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

D.S. Lloyd Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

D.S. Lloyd Limited

Company Information

Directors

Paul Munn

Robert Munn

Registered office

5 Ducketts Wharf
South Street
Bishop's Stortford
Herts
CM23 3AR

Accountants

Mansell & Co
Chartered Certified Accountants
5 Ducketts Wharf
South Street
Bishop's Stortford
Hertfordshire
CM23 3AR

 

D.S. Lloyd Limited

(Registration number: 02950168)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

14,916

19,510

Current assets

 

Stocks

5

3,300

3,300

Debtors

6

6,619

9,719

Cash at bank and in hand

 

28,697

15,349

 

38,616

28,368

Creditors: Amounts falling due within one year

7

(24,461)

(27,511)

Net current assets

 

14,155

857

Net assets

 

29,071

20,367

Capital and reserves

 

Called up share capital

8

20,120

20,120

Retained earnings

8,951

247

Shareholders' funds

 

29,071

20,367

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 March 2024 and signed on its behalf by:
 

.........................................
Robert Munn
Director

 

D.S. Lloyd Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Ducketts Wharf
South Street
Bishop's Stortford
Herts
CM23 3AR
United Kingdom

These financial statements were authorised for issue by the Board on 11 March 2024.

2

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

D.S. Lloyd Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

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

Office equipment

25% reducing balance

Motor vehicles

25% reducing balance

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

D.S. Lloyd Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 3).

 

D.S. Lloyd Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2022

540

34,335

34,875

Additions

566

-

566

At 31 July 2023

1,106

34,335

35,441

Depreciation

At 1 August 2022

540

14,825

15,365

Charge for the year

142

5,018

5,160

At 31 July 2023

682

19,843

20,525

Carrying amount

At 31 July 2023

424

14,492

14,916

At 31 July 2022

-

19,510

19,510

5

Stocks

2023
£

2022
£

Other inventories

3,300

3,300

6

Debtors

Current

2023
£

2022
£

Trade debtors

6,441

8,451

Other debtors

178

1,268

 

6,619

9,719

 

D.S. Lloyd Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

3,002

3,796

Taxation and social security

17,371

19,627

Accruals and deferred income

4,088

4,088

24,461

27,511

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

20,120

20,120

20,120

20,120