Lofthome U.K Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09141421 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2016

for

Lofthome U.K Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R Bening

REGISTERED OFFICE:

93 Bohemia Road

St Leonards on Sea

East Sussex

TN37 6RJ

REGISTERED NUMBER:

09141421 (England and Wales)

ACCOUNTANTS:

Sellens French

Chartered Accountants

91-97 Bohemia Road

St Leonards on Sea

East Sussex

TN37 6RJ

FIXED ASSETS

Tangible assets

2

12,185

18,562

CURRENT ASSETS

Stocks

10,924

-

Cash at bank

278

311

11,202

311

CREDITORS

Amounts falling due within one year

45,365

29,925

NET CURRENT LIABILITIES

(34,163

)

(29,614

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,978

)

(11,052

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(22,078

)

(11,152

)

SHAREHOLDERS' FUNDS

(21,978

)

(11,052

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 14 March 2017 and were signed by:

R Bening - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

24,714

Disposals

(3,126

)

At 31 July 2016

21,588

DEPRECIATION

At 1 August 2015

6,152

Charge for year

4,032

Eliminated on disposal

(781

)

At 31 July 2016

9,403

NET BOOK VALUE

At 31 July 2016

12,185

At 31 July 2015

18,562

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

100

Ordinary

£1

100

4.	GOING CONCERN

The Company has an excess of liabilities over assets of £21,978 and is dependent upon the continued support of

the director.