Letton Percival Limited - Accounts to registrar (filleted) - small 18.2

Letton Percival Limited - Accounts to registrar (filleted) - small 18.2


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LETTON PERCIVAL LIMITED

Unaudited Financial Statements

for the Year Ended 30th June 2019






LETTON PERCIVAL LIMITED (REGISTERED NUMBER: 03669155)






Contents of the Financial Statements
for the year ended 30th June 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LETTON PERCIVAL LIMITED

Company Information
for the year ended 30th June 2019







DIRECTORS: A W Leaver
J D Leaver





REGISTERED OFFICE: The Old Malthouse
Trueman Street
Liverpool
Merseyside
L3 2BA





REGISTERED NUMBER: 03669155(England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH

LETTON PERCIVAL LIMITED (REGISTERED NUMBER: 03669155)

Balance Sheet
30th June 2019

2019 2018
Notes £    £   
CURRENT ASSETS
Debtors 4 681,079 -
Cash at bank 582,930 64,987
1,264,009 64,987
CREDITORS
Amounts falling due within one year 5 900,338 50,000
NET CURRENT ASSETS 363,671 14,987
TOTAL ASSETS LESS CURRENT LIABILITIES 363,671 14,987

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Retained earnings 348,671 (13 )
363,671 14,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 9th March 2020and were signed on its behalf by:





A W Leaver- Director


LETTON PERCIVAL LIMITED (REGISTERED NUMBER: 03669155)

Notes to the Financial Statements
for the year ended 30th June 2019

1. STATUTORY INFORMATION

Letton Percival 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's
pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2018 - 3) .

LETTON PERCIVAL LIMITED (REGISTERED NUMBER: 03669155)

Notes to the Financial Statements - continued
for the year ended 30th June 2019

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 676,732 -
Other debtors 4,347 -
681,079 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 681,333 -
Taxation and social security 81,790 -
Other creditors 137,215 50,000
900,338 50,000

6. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £133,052 owed to A Letton Percival & Co Ltd, a company ultimately
controlled by the directors.