| Lorenc Enterprises Ltd |
| Registered number: |
08691206 |
| Abbreviated Balance Sheet |
| as at 30 September 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
- |
|
|
8,000 |
| Tangible assets |
3 |
|
|
- |
|
|
1,406 |
|
|
|
|
- |
|
|
9,406 |
|
| Current assets |
| Stocks |
|
|
- |
|
|
1,000 |
| Cash at bank and in hand |
|
|
7,584 |
|
|
6,020 |
|
|
|
7,584 |
|
|
7,020 |
|
| Creditors: amounts falling due within one year |
|
|
(7,232) |
|
|
(16,377) |
|
| Net current assets/(liabilities) |
|
|
|
352 |
|
|
(9,357) |
|
| Net assets |
|
|
|
352 |
|
|
49 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
351 |
|
|
48 |
|
| Shareholders' funds |
|
|
|
352 |
|
|
49 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| A Lorenc |
| Director |
| Approved by the board on 9 November 2016 |
|
| Lorenc Enterprises Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 30 September 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective 1 January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Going concern |
|
The company ceased trading on 30/09/16. The accounts have therefore been produced on a break-up basis, with all assets being valued at their net realisable value. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value on a first-in first-out basis. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2015 |
12,500 |
|
Disposals |
(12,500) |
|
At 30 September 2016 |
- |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 October 2015 |
4,500 |
|
Provided during the year |
2,500 |
|
On disposals |
(7,000) |
|
At 30 September 2016 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2016 |
- |
|
At 30 September 2015 |
8,000 |
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2015 |
2,500 |
|
Disposals |
(2,500) |
|
At 30 September 2016 |
- |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2015 |
1,094 |
|
Charge for the year |
352 |
|
On disposals |
(1,446) |
|
At 30 September 2016 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2016 |
- |
|
At 30 September 2015 |
1,406 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
