Les Flanagan Logistics Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07649503 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2019

FOR

LES FLANAGAN LOGISTICS SERVICES LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L C Flanagan

SECRETARY:

Mrs P F Flanagan

REGISTERED OFFICE:

Ledborough House

High Street

Guilsborough

Northamptonshire

NN6 8PY

REGISTERED NUMBER:

07649503 (England and Wales)

ACCOUNTANTS:

Elsby & Co

Thistle Down Barn

Holcot Lane

Sywell

Northampton

Northamptonshire

NN6 0BG

FIXED ASSETS

Tangible assets

4

3,286

2,299

CURRENT ASSETS

Debtors

298,816

58,844

Cash at bank

189,331

4,945

488,147

63,789

CREDITORS

Amounts falling due within one year

235,192

42,663

NET CURRENT ASSETS

252,955

21,126

TOTAL ASSETS LESS CURRENT LIABILITIES

256,241

23,425

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

256,239

23,423

SHAREHOLDERS' FUNDS

256,241

23,425

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 17 January 2020 and were signed by:

L C Flanagan - Director

1.	STATUTORY INFORMATION

Les Flanagan Logistics Services Ltd 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.

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.

Tangible fixed assets

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

Fixtures and fittings

-

33% on reducing balance

Computer equipment

-

33% on reducing balance

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.

3.

EMPLOYEES

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2018

7,672

Additions

2,630

At 31 May 2019

10,302

DEPRECIATION

At 1 June 2018

5,373

Charge for year

1,643

At 31 May 2019

7,016

NET BOOK VALUE

At 31 May 2019

3,286

At 31 May 2018

2,299