Loheat Limited 29/02/2020 iXBRL
Loheat Limited 29/02/2020 iXBRL
Company registration number:
2970950
Unaudited filleted financial statements
Simon Day & Co.
Chartered Accountants
Contents
Directors and other information
Directors report
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Secretary |
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Company number |
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Registered office |
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Accountant |
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Unit 2 Uffcott Farm | ||
Uffcott | ||
Wiltshire | ||
SN4 9NB | ||
Bankers |
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3-5 Bridge Street | ||
Newbury | ||
Berkshire | ||
RG14 5BQ | ||
Directors report
Year ended 29 February 2020
The directors present their report and the unaudited financial statements of the company for the year ended 29 February 2020.
Directors
The directors who served the company during the year were as follows:
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Small company provisions
This report was approved by the board of directors on
24 April 2020
and signed on behalf of the board by:
Director
Statement of financial position
29 February 2020
2020 | 2019 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Intangible assets | 5 |
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Tangible assets | 6 |
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Investments | 7 |
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Current assets | |||||||||
Stocks |
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Debtors | 8 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 9 |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Capital redemption reserve |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
24 April 2020
, and are signed on behalf of the board by:
Director
Company registration number:
2970950
Notes to the financial statements
Year ended 29 February 2020
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Fordbrook Estate, Marlborough Road, Pewsey, Wiltshire, SN9 5NT.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Intangible assets
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Motor vehicles | - |
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Fixed asset 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.
Impairment
Stocks
Government grants
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
13
(2019:
15
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5.
Intangible assets
Other intangible assets | Total | ||
£ | £ | ||
Cost | |||
At 1 March 2019 and 29 February 2020 |
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Amortisation | |||
At 1 March 2019 |
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Charge for the year |
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At 29 February 2020 |
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Carrying amount | |||
At 29 February 2020 |
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At 28 February 2019 |
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6.
Tangible assets
Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | £ | ||
Cost | |||||
At 1 March 2019 |
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Additions | 1,765 | - | 14,995 | 16,760 | |
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At 29 February 2020 |
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Depreciation | |||||
At 1 March 2019 |
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Charge for the year |
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At 29 February 2020 |
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Carrying amount | |||||
At 29 February 2020 |
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At 28 February 2019 |
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7.
Investments
Shares in group undertakings and participating interests | Total | ||
£ | £ | ||
Cost | |||
At 1 March 2019 and 29 February 2020 |
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Impairment | |||
At 1 March 2019 and 29 February 2020 | - | - | |
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Carrying amount | |||
At 29 February 2020 |
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At 28 February 2019 |
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8.
Debtors
2020 | 2019 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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9.
Creditors: amounts falling due within one year
2020 | 2019 | |||
£ | £ | |||
Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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10.
Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value | |||
2020 | 2019 | ||
£ | £ | ||
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