Lothbury Computers Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02731376 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2018

for

Lothbury Computers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Gunn

A E Gunn

SECRETARY:

A E Gunn

REGISTERED OFFICE:

39 Parkside Drive

Watford

Hertfordshire

WD17 3AS

REGISTERED NUMBER:

02731376 (England and Wales)

ACCOUNTANTS:

Guilfoyle Sage LLP

21 Gold Tops

Newport

South Wales

NP20 4PG

CURRENT ASSETS

Debtors

5

392

336

Investments

6

38,021

31,641

Cash at bank

515,020

560,579

553,433

592,556

CREDITORS

Amounts falling due within one year

7

12,587

24,401

NET CURRENT ASSETS

540,846

568,155

TOTAL ASSETS LESS CURRENT LIABILITIES

540,846

568,155

PROVISIONS FOR LIABILITIES

3,365

2,153

NET ASSETS

537,481

566,002

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

537,381

565,902

SHAREHOLDERS' FUNDS

537,481

566,002

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.

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 28 March 2019 and were signed on its behalf by:

A J Gunn - Director

A E Gunn - Director

1.	STATUTORY INFORMATION

Lothbury Computers 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 and revenue recognition

Turnover represents invoiced sales of services excluding Value Added Tax.

Revenue is recognised in the period in which it is earned.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

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.

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.

Current asset investments

Investments in listed companies are stated at fair value. The gain or loss on this revaluation is shown

in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2017

and 30 June 2018

2,922

DEPRECIATION

At 1 July 2017

and 30 June 2018

2,922

NET BOOK VALUE

At 30 June 2018

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Other debtors

392

336

6.	CURRENT ASSET INVESTMENTS

30.6.18

30.6.17

£

£

Listed investments

38,021

31,641

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Taxation and social security

1,517

21,564

Other creditors

11,070

2,837

12,587

24,401

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 (2017 - £10,000) were paid to the directors .

At the year end the company owed the directors £9,984 (2017: £1,777).