Lugis Limited - Accounts to registrar (filleted) - small 18.2
Lugis Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2020 |
| FOR |
| LUGIS LIMITED |
| LUGIS LIMITED (REGISTERED NUMBER: 08086583) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 May 2020 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Report of the Accountants | 5 |
| LUGIS LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 May 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Accountants & Tax Advisors |
| 573 Chester Road |
| Sutton Coldfield |
| West Midlands |
| B73 5HU |
| BANKERS: |
| 2 George Row |
| Northampton |
| Northamptonshire |
| NN1 1DJ |
| LUGIS LIMITED (REGISTERED NUMBER: 08086583) |
| STATEMENT OF FINANCIAL POSITION |
| 31 May 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| The directors acknowledge their 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| LUGIS LIMITED (REGISTERED NUMBER: 08086583) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 May 2020 |
| 1. | STATUTORY INFORMATION |
| Lugis Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 June 2019 |
| and 31 May 2020 |
| NET BOOK VALUE |
| At 31 May 2020 |
| At 31 May 2019 |
| LUGIS LIMITED (REGISTERED NUMBER: 08086583) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 May 2020 |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| Short | to | and |
| leasehold | property | fittings | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 June 2019 |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 May 2020 |
| DEPRECIATION |
| At 1 June 2019 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 May 2020 |
| NET BOOK VALUE |
| At 31 May 2020 |
| At 31 May 2019 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Bank loans and overdrafts |
| Tax |
| VAT | - | 228 |
| Other creditors |
| Directors' current accounts | 35,510 | 39,277 |
| Accrued expenses |
| 8. | ULTIMATE CONTROLLING PARTY |
| The company is under the direct control of Mr A Thrasyvoulou, Mr B J Singh & Mr M A Tzirki, company directors. |
| LUGIS LIMITED |
| REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
| LUGIS LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lugis Limited for the year ended 31 May 2020 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us. |
| This report is made solely to the directors of Lugis Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lugis Limited and state those matters that we have agreed to state to the director of Lugis Limited. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
| It is your duty to ensure that Lugis Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lugis Limited. You consider that Lugis Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Lugis Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Accountants & Tax Advisors |
| 573 Chester Road |
| Sutton Coldfield |
| West Midlands |
| B73 5HU |