LAPADA LIMITED - Accounts to registrar (filleted) - small 18.2
LAPADA LIMITED - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2018 |
| FOR |
| LAPADA LIMITED |
| LAPADA LIMITED (REGISTERED NUMBER: 01168440) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 | to | 5 |
| LAPADA LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Norman House |
| 8 Burnell Road |
| Sutton |
| Surrey |
| SM1 4BW |
| LAPADA LIMITED (REGISTERED NUMBER: 01168440) |
| BALANCE SHEET |
| 31 DECEMBER 2018 |
| 2018 | 2017 |
| as restated |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| RESERVES |
| Income and expenditure account | 389,495 |
| 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 behalf by: |
| LAPADA LIMITED (REGISTERED NUMBER: 01168440) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2018 |
| 1. | STATUTORY INFORMATION |
| LAPADA LIMITED is a |
| company's registered number and registered office address can be found on the Company Information |
| page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the fair value of the consideration receivable in respect of subscriptions, event |
| attendance and exhibitor fees, authentication fees and commission. Turnover is reported net of Value |
| Added Tax. |
| Subscription income is recognised in period to which it relates. The proportion of income invoiced in |
| the year but which relates to the following financial year is deferred. |
| Income received for events is recognised in the financial year in which the event takes place (as is the |
| corresponding expenditure). |
| Tangible fixed assets |
| Tangible fixed assets costing more than £500 are capitalised and stated at cost less accumulated |
| depreciation. Depreciation is provided at the following rates: |
| Long Leasehold Premises The property was written down to its market value during the year to 31st |
| May 1993. The 1993 market value is being written off on a straight line basis over the balance of 125 |
| years of the lease (which commenced in March 1988). |
| Furniture, Fittings and Equipment 25% Straight line |
| Financial instruments |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are |
| recorded at transaction price. Any losses arising from impairment are recognised in the Income |
| Statement in administration expenses. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the |
| period of the lease. |
| Pension costs and other post-retirement benefits |
| The Association operates a defined contribution pension scheme. Contributions are charged to the |
| profit and loss account in the year to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| LAPADA LIMITED (REGISTERED NUMBER: 01168440) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2018 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2018 |
| and 31 December 2018 |
| DEPRECIATION |
| At 1 January 2018 |
| Charge for year |
| At 31 December 2018 |
| NET BOOK VALUE |
| At 31 December 2018 |
| At 31 December 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| as |
| restated |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| as |
| restated |
| £ | £ |
| Trade creditors |
| Other creditors |
| 7. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2018 | 2017 |
| as |
| restated |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| LAPADA LIMITED (REGISTERED NUMBER: 01168440) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2018 |
| 7. | LEASING AGREEMENTS - continued |
| Total lease obligations of £74,000 (31 December 2018: £74,050) relating to land and buildings included |
| in the above relate to the Association's leasehold property, which it is free to sell at any time. |
| The operating lease rental expense recognised in the period is £7,132 (31 December 2018: £4,077). |
| 8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |