Lexo Orange Ltd - Accounts to registrar (filleted) - small 18.2
Lexo Orange Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 24 March 2021 |
| for |
| Lexo Orange Ltd |
| Lexo Orange Ltd (Registered number: 08894692) |
| Contents of the Financial Statements |
| for the Year Ended 24 March 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Lexo Orange Ltd |
| Company Information |
| for the Year Ended 24 March 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 2nd Floor |
| Grove House |
| 55 Lowlands Road |
| Harrow |
| Middlesex |
| HA1 3AW |
| Lexo Orange Ltd (Registered number: 08894692) |
| Balance Sheet |
| 24 March 2021 |
| 24.3.21 | 24.3.20 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 | ( |
) | ( |
) |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Retained earnings | 13 |
| 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. |
| Lexo Orange Ltd (Registered number: 08894692) |
| Balance Sheet - continued |
| 24 March 2021 |
| 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 |
| Lexo Orange Ltd (Registered number: 08894692) |
| Notes to the Financial Statements |
| for the Year Ended 24 March 2021 |
| 1. | STATUTORY INFORMATION |
| Lexo Orange Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| 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 |
| Fixtures and fittings | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Lexo Orange Ltd (Registered number: 08894692) |
| Notes to the Financial Statements - continued |
| for the Year Ended 24 March 2021 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Patents |
| and |
| licences |
| £ |
| COST |
| At 25 March 2020 |
| and 24 March 2021 |
| AMORTISATION |
| At 25 March 2020 |
| and 24 March 2021 |
| NET BOOK VALUE |
| At 24 March 2021 | ( |
) |
| At 24 March 2020 | ( |
) |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Long | and |
| leasehold | fittings | Totals |
| £ | £ | £ |
| COST |
| At 25 March 2020 |
| Additions |
| At 24 March 2021 |
| DEPRECIATION |
| At 25 March 2020 |
| Charge for year |
| At 24 March 2021 |
| NET BOOK VALUE |
| At 24 March 2021 |
| At 24 March 2020 |
| Lexo Orange Ltd (Registered number: 08894692) |
| Notes to the Financial Statements - continued |
| for the Year Ended 24 March 2021 |
| 6. | STOCKS |
| 24.3.21 | 24.3.20 |
| £ | £ |
| Stocks |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 24.3.21 | 24.3.20 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| VAT |
| Prepayments |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 24.3.21 | 24.3.20 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax | ( |
) |
| VAT | - | 2,260 |
| Accruals and deferred income |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 24.3.21 | 24.3.20 |
| £ | £ |
| Bank loans - 2-5 years |
| 10. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 24.3.21 | 24.3.20 |
| £ | £ |
| Within one year |
| Between one and five years |
| 11. | PROVISIONS FOR LIABILITIES |
| 24.3.21 | 24.3.20 |
| £ | £ |
| Deferred tax | 4,206 | 5,659 |
| Lexo Orange Ltd (Registered number: 08894692) |
| Notes to the Financial Statements - continued |
| for the Year Ended 24 March 2021 |
| 11. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 25 March 2020 |
| Provided during year | ( |
) |
| Balance at 24 March 2021 |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 24.3.21 | 24.3.20 |
| value: | £ | £ |
| Ordinary A | £1 | 99 | 99 |
| Ordinary B | £1 | 1 | 1 |
| 100 | 100 |
| 13. | RESERVES |
| Retained |
| earnings |
| £ |
| At 25 March 2020 |
| Deficit for the year | ( |
) |
| At 24 March 2021 |
| 14. | RELATED PARTY DISCLOSURES |
| During the year the company incurred management charges of £4,621 (2020 : £8,312) and incurred staff recharges of £154,048 (2020 : £277,064) from companies under common control. At the year end £603,078 (2020 : £423,482) was due from companies under common control and is included in debtors and £41,654 (2020 : £97,034) was due to companies under common control and is included in creditors. |
| 15. | ULTIMATE CONTROLLING PARTY |
| The company is under the joint control of its directors by virtue of their equal shareholding. |