Laurent Giles Naval Architects Limited - Accounts to registrar (filleted) - small 18.2

Laurent Giles Naval Architects Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 02332959 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018

FOR

LAURENT GILES NAVAL ARCHITECTS LIMITED

LAURENT GILES NAVAL ARCHITECTS LIMITED (REGISTERED NUMBER: 02332959)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAURENT GILES NAVAL ARCHITECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2018







DIRECTORS: Mr D Lewis
Mr J M Horsfield
Mr S Wallis





REGISTERED OFFICE: Unit 3 Braxton Courtyard
Lymore Lane
Milford on Sea
Hampshire
SO41 0TX





REGISTERED NUMBER: 02332959 (England and Wales)





ACCOUNTANTS: Casson Beckman
Chartered Accountants
South Barn
Efford Park
Milford Road
Lymington
Hampshire
SO41 0JD

LAURENT GILES NAVAL ARCHITECTS LIMITED (REGISTERED NUMBER: 02332959)

BALANCE SHEET
30 JUNE 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,576 35,773

CURRENT ASSETS
Debtors 5 66,999 84,732
Cash at bank and in hand 219,291 153,345
286,290 238,077
CREDITORS
Amounts falling due within one year 6 93,998 46,887
NET CURRENT ASSETS 192,292 191,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,868

226,963

PROVISIONS FOR LIABILITIES 7,480 6,517
NET ASSETS 225,388 220,446

CAPITAL AND RESERVES
Called up share capital 7 4 4
Share premium 3,750 3,750
Retained earnings 221,634 216,692
225,388 220,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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.

LAURENT GILES NAVAL ARCHITECTS LIMITED (REGISTERED NUMBER: 02332959)

BALANCE SHEET - continued
30 JUNE 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 6 March 2019 and were signed on its behalf by:





Mr D Lewis - Director


LAURENT GILES NAVAL ARCHITECTS LIMITED (REGISTERED NUMBER: 02332959)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018


1. STATUTORY INFORMATION

Laurent Giles Naval Architects 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents invoiced sales of services, net of 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 and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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.

LAURENT GILES NAVAL ARCHITECTS LIMITED (REGISTERED NUMBER: 02332959)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2017 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2017 15,971 26,613 36,583 79,167
Additions 323 - 18,874 19,197
Disposals (359 ) - - (359 )
At 30 June 2018 15,935 26,613 55,457 98,005
DEPRECIATION
At 1 July 2017 8,220 6,653 28,521 43,394
Charge for year 1,191 4,990 8,023 14,204
Eliminated on disposal (169 ) - - (169 )
At 30 June 2018 9,242 11,643 36,544 57,429
NET BOOK VALUE
At 30 June 2018 6,693 14,970 18,913 40,576
At 30 June 2017 7,751 19,960 8,062 35,773

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 51,006 72,266
Other debtors 15,993 12,466
66,999 84,732

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 5,861 13,024
Taxation and social security 35,301 32,632
Other creditors 52,836 1,231
93,998 46,887

LAURENT GILES NAVAL ARCHITECTS LIMITED (REGISTERED NUMBER: 02332959)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid

Number Class Nominal Value 2018 2017

0 Ordinary £1 - 4
120 Ordinary A 1p 1 -
120 Ordinary B 1p 1 -
80 Ordinary C 1p 1 -
80 Ordinary D 1p 1 -
44 Ordinary E 1p - -

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2018 and
30 June 2017:

2018 2017
£    £   
Mr D Lewis
Balance outstanding at start of year 840 961
Amounts advanced 6,545 423
Amounts repaid - (544 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,385 840

Mr S Wallis
Balance outstanding at start of year 11 11
Amounts advanced 887 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 898 11