Laguelle Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03323847 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2018

for

LAGUELLE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P F Laguelle

SECRETARY:

Castlegate Secretaries Limited

REGISTERED OFFICE:

C/o CCFGB

4th Floor Lincoln House

300 High Holborn

London

WC1V 7JH

REGISTERED NUMBER:

03323847 (England and Wales)

ACCOUNTANTS:

Byrne Palmer & Co

Chartered Accountants

14 Queens Road

Hersham

Walton on Thames

Surrey

KT12 5LS

SOLICITORS:

Browne Jacobson LLP

15th Floor, 6 Bevis Marks

Bury Court

London

England

EC3A 7BA

CURRENT ASSETS

Debtors

4

44,025

39,166

Cash at bank

145,243

153,720

189,268

192,886

CREDITORS

Amounts falling due within one year

5

39,468

20,719

NET CURRENT ASSETS

149,800

172,167

TOTAL ASSETS LESS CURRENT LIABILITIES

149,800

172,167

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

147,800

170,167

SHAREHOLDERS' FUNDS

149,800

172,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 9th September 2019 and were signed by:

P F Laguelle - Director

1.	STATUTORY INFORMATION

Laguelle 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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like trade and other accounts receivable and payable, loans from/to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are

measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to

be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction,

like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not

a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is

measured, initially and subsequently, at the present value of the future payments discounted at a market rate of

interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for

objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is

recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an

asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective

interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss

is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between

an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company

would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when

there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or

to realise the and settle the liability simultaneously.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

33,104

30,243

Amounts owed by group undertakings

3,150

5,798

Other debtors

7,771

3,125

44,025

39,166

The sum of £3,150 due from group undertakings is repayable on demand.

Included in Other Debtors is a deferred tax asset of £7,771. This sum will be recoverable after more than one

year against profits from the same trade.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

491

1,228

Taxation and social security

11,814

13,350

Other creditors

27,163

6,141

39,468

20,719

6.	RELATED PARTY DISCLOSURES

During the year Laguelle Limited had the following transactions with Laguelle SAS, the parent company:

Purchased goods totalling £383,858

Paid management fees totalling £9,760

The balance due from the parent company at the year end amounted to £3,150

Advances provided to/from group companies are provided interest free and are repayable on demand.

7.	ULTIMATE CONTROLLING PARTY

The parent company is Laguelle SAS, a company registered in France. The registered office is 27 route de

Herisson, 03430 Cosne d'Allier, France.

The ultimate controlling party is N M Laguelle by virtue of her shareholding in Laguelle SAS.