Company Registration No. 05411870 (England and Wales)
L A Limos Limited
Unaudited accounts
for the year ended 31 March 2019
L A Limos Limited
Unaudited accounts
Contents
L A Limos Limited
Company Information
for the year ended 31 March 2019
Directors
Mr. L. R. Austen
Mr. S. Austen
Company Number
05411870 (England and Wales)
Registered Office
BEECHCROFT BOTTOM
48 BEECHCROFT ROAD
BUSHEY
HERTFORDSHIRE
WD23 2JU
L A Limos Limited
Statement of financial position
as at 31 March 2019
Tangible assets
31,364
41,256
Cash at bank and in hand
7,498
58,006
Creditors: amounts falling due within one year
(66,016)
(69,399)
Net current (liabilities)/assets
(32,426)
30,447
Net (liabilities)/assets
(1,062)
71,703
Called up share capital
100
100
Profit and loss account
(1,162)
71,603
Shareholders' funds
(1,062)
71,703
For the year ending 31 March 2019 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 directors acknowledge their 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 22 November 2019.
Mr. S. Austen
Director
Company Registration No. 05411870
L A Limos Limited
Notes to the Accounts
for the year ended 31 March 2019
L A Limos Limited is a private company, limited by shares, registered in England and Wales, registration number 05411870. The registered office is BEECHCROFT BOTTOM, 48 BEECHCROFT ROAD, BUSHEY, HERTFORDSHIRE, WD23 2JU.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover represents goods despatched and hired during the year, excluding Value Added Tax, together with all orders where contractual obligations have been met.
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
10% reducing balance
Fixtures & fittings
20% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
No provision for deferred taxation has been made since the Directors are of the opinion that no charge to corporation tax due to the reversal of timing differences between capital allowances and depreciation will arise in the foreseeable future.
Rentals payable under operating leases are charged to the profit and loss account as incurred.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
L A Limos Limited
Notes to the Accounts
for the year ended 31 March 2019
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2018
78,928
19,025
97,953
Disposals
(7,179)
-
(7,179)
At 31 March 2019
71,749
19,025
90,774
At 1 April 2018
40,175
16,522
56,697
Charge for the year
5,085
500
5,585
On disposals
(2,872)
-
(2,872)
At 31 March 2019
42,388
17,022
59,410
At 31 March 2019
29,361
2,003
31,364
At 31 March 2018
38,753
2,503
41,256
Finished goods
2,000
5,286
Other debtors
22,967
32,276
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Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
49,490
49,490
Other creditors
5,676
6,028
Loans from directors
10,850
7,340
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Average number of employees
During the year the average number of employees was 7 (2018: 7).
