Lankem Ltd - Limited company - abbreviated - 11.0.0
Lankem Ltd - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 30 September 2015 |
| for |
| Lankem Ltd |
| Lankem Ltd (Registered number: 03844571) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 September 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Chartered Accountants' Report | 6 |
| Lankem Ltd |
| Company Information |
| for the Year Ended 30 September 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Lankem Ltd (Registered number: 03844571) |
| Abbreviated Balance Sheet |
| 30 September 2015 |
| 30.9.15 | 30.9.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| 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. |
| Lankem Ltd (Registered number: 03844571) |
| Abbreviated Balance Sheet - continued |
| 30 September 2015 |
| The financial statements were approved by the Board of Directors on by: |
| Lankem Ltd (Registered number: 03844571) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 September 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
| 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Laboratory Equipment | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Office equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
| the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 October 2014 |
| Additions |
| At 30 September 2015 |
| DEPRECIATION |
| At 1 October 2014 |
| Charge for year |
| At 30 September 2015 |
| NET BOOK VALUE |
| At 30 September 2015 |
| At 30 September 2014 |
| Lankem Ltd (Registered number: 03844571) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 September 2015 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST OR VALUATION |
| At 1 October 2014 | 15,406 |
| Additions | 17,885 |
| Disposals | (15,406 | ) |
| Revaluations | (1,429 | ) |
| At 30 September 2015 | 16,456 |
| NET BOOK VALUE |
| At 30 September 2015 |
| At 30 September 2014 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.15 | 30.9.14 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | TRANSACTIONS WITH DIRECTORS |
| The following loans to directors subsisted during the years ended 30 September 2015 and 30 September 2014: |
| 30.9.15 | 30.9.14 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Balance outstanding at end of year |
| 6. | RELATED PARTY DISCLOSURES |
| Dividends paid to directors |
| Dividends paid to directors in their capacity as shareholders during the year included £166,387 to Sean |
| Hodgkinson (2014- £149,067) and £114,193 to Andrea Hodgkinson (2014 - £74,533). |
| Controlling party |
| During the year ended 30 September 2015, the directors Sean Hodgkinson and Andrea Hodgkinson, controlled |
| the company by virtue of a controlling interest of 100% of the issued ordinary share capital. |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Lankem Ltd |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Lankem Ltd for the year ended 30 September 2015 which comprise the Profit and Loss Account, |
| the Balance Sheet and the related notes from the company's accounting records and from information and explanations |
| you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject |
| to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Lankem Ltd, as a body, in accordance with our terms of |
| engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lankem Ltd |
| and state those matters that we have agreed to state to the Board of Directors of Lankem Ltd, as a body, in this report in |
| accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not |
| accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or |
| for this report. |
| It is your duty to ensure that Lankem Ltd 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 Lankem Ltd. You |
| consider that Lankem Ltd 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 Lankem Ltd. 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. |
| Date: ............................................. |