The Chain (Lillington) Ltd.
The Chain (Lillington) Ltd.
Registered number: 05081240
Unaudited Financial Statements
For The Year Ended
10 November 2019
Business Accounting Services(Warwick)Limited
Warwick Business Centre
Hawkes Drive Heathcote Industrial Estate
Warwick
Warwickshire
CV34 6LX
The Chain (Lillington) Ltd.
Unaudited Financial Statements
For The Year Ended
10 November 2019
Unaudited Financial Statements
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| Page | |
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| Balance Sheet | 1 |
| Notes to the Financial Statements | 2 |
The Chain (Lillington) Ltd.
Balance Sheet
As at
10 November 2019
Balance Sheet
Registered number:
05081240
For the year ending 10 November 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
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| Notes | £ | £ | £ | £ | |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| MEMBERS' FUNDS | - | - | |||
Directors' responsibilities:
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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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
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Director
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The notes on page 2 form part of these financial statements.
Page 1
The Chain (Lillington) Ltd.
Notes to the Financial Statements
For The Year Ended
10 November 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
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| Office and administration |
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3.
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
4.
General Information
The Chain (Lillington) Ltd.
is a private company, limited by guarantee, incorporated in England & Wales, registered number
05081240
. The registered office is 89 CROWN WAY, LILLINGTON , LEAMINGTON SPA, WARWICKSHIRE, CV32 7SH.
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