Company Registration No. 08104860 (England and Wales)
Lets Go Out Ltd
Unaudited accounts
for the year ended 31 May 2018
Lets Go Out Ltd
Unaudited accounts
Contents
Lets Go Out Ltd
Company Information
for the year ended 31 May 2018
Company Number
08104860 (England and Wales)
Registered Office
1105 CHRISTCHURCH ROAD
BOURNEMOUTH
BH7 6BQ
ENGLAND
Lets Go Out Ltd
Statement of financial position
as at 31 May 2018
Tangible assets
7,950
8,411
Cash at bank and in hand
1,760
4,861
Creditors: amounts falling due within one year
(9,259)
(12,249)
Net current liabilities
(7,129)
(6,913)
Called up share capital
6
6
Revaluation reserve
5,000
5,000
Profit and loss account
(4,185)
(3,508)
Shareholders' funds
821
1,498
For the year ending 31 May 2018 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 14 February 2019.
Ryan Davis
Director
Company Registration No. 08104860
Lets Go Out Ltd
Notes to the Accounts
for the year ended 31 May 2018
Lets Go Out Ltd is a private company, limited by shares, registered in England and Wales, registration number 08104860. The registered office is 1105 CHRISTCHURCH ROAD, BOURNEMOUTH, BH7 6BQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 May 2018 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2016.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
5% reducing balance
Fixtures & fittings
15% reducing balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2017
10,000
910
10,910
At 31 May 2018
10,000
910
10,910
At 1 June 2017
1,994
505
2,499
Charge for the year
400
61
461
At 31 May 2018
2,394
566
2,960
At 31 May 2018
7,606
344
7,950
At 31 May 2017
8,006
405
8,411
Lets Go Out Ltd
Notes to the Accounts
for the year ended 31 May 2018
6
Creditors: amounts falling due within one year
2018
2017
Loans from directors
9,049
8,722
7
Average number of employees
During the year the average number of employees was 1 (2017: 1).
