Loxwell Limited Filleted accounts for Companies House (small and micro)

Loxwell Limited Filleted accounts for Companies House (small and micro)

LOXWELL LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 01805473
LOXWELL LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2019
LOXWELL LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2019
2019
2018
Note
£
£
£
FIXED ASSETS
Tangible assets
4
40,000
40,000
Investments
5
1,040
1,040
--------
--------
41,040
41,040
CURRENT ASSETS
Debtors
6
19,623
19,623
Cash at bank and in hand
2,362
475
--------
--------
21,985
20,098
CREDITORS: amounts falling due within one year
7
( 2,560)
( 1,960)
--------
--------
NET CURRENT ASSETS
19,425
18,138
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
60,465
59,178
CREDITORS: amounts falling due after more than one year
8
( 40,000)
( 40,000)
--------
--------
NET ASSETS
20,465
19,178
--------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
20,365
19,078
--------
--------
SHAREHOLDERS FUNDS
20,465
19,178
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
LOXWELL LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2019
These financial statements were approved by the board of directors and authorised for issue on 19 December 2019 , and are signed on behalf of the board by:
A Wine
Director
Company registration number: 01805473
LOXWELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2019
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Bridge End, Leeds, West Yorkshire, LS1 4DJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services supplied.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. TANGIBLE ASSETS
Land and buildings
£
Cost
At 1 April 2018 and 31 March 2019
40,000
--------
Depreciation
At 1 April 2018 and 31 March 2019
–
--------
Carrying amount
At 31 March 2019
40,000
--------
At 31 March 2018
40,000
--------
5. INVESTMENTS
Listed
£
Cost
At 1 April 2018 and 31 March 2019
1,040
-------
Impairment
At 1 April 2018 and 31 March 2019
–
-------
Carrying amount
At 31 March 2019
1,040
-------
At 31 March 2018
1,040
-------
6. DEBTORS
2019
2018
£
£
Trade debtors
18,030
18,030
Other debtors
1,593
1,593
--------
--------
19,623
19,623
--------
--------
7. CREDITORS: amounts falling due within one year
2019
2018
£
£
Corporation tax
1,624
1,624
Other creditors
936
336
-------
-------
2,560
1,960
-------
-------
8. CREDITORS: amounts falling due after more than one year
2019
2018
£
£
Other creditors
40,000
40,000
--------
--------