Accounts filed on 28-02-2017

Accounts filed on 28-02-2017

LUSCOMBE'S LIMITED - Company Information

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03324562falsetrading as The Golden Ball. In 2008 the company entered into a tenancy agreement of licensed premises at The Golden Ball in Lower Assendon, near Henley on Tham2016-03-012017-02-28http://www.companieshouse.gov.uk/2016-02-29http://www.companieshouse.gov.uk/pt:PlantMachinery2016-02-29http://www.companieshouse.gov.uk/cd:Director12016-03-012017-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2017-02-28http://www.companieshouse.gov.uk/cd:Director22016-03-012017-02-28http://www.companieshouse.gov.uk/pt:FurnitureFittings2016-02-29http://www.companieshouse.gov.uk/cd:Director32016-03-012017-02-28http://www.companieshouse.gov.uk/pt:FurnitureFittings2017-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12016-03-012017-02-28http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2016-03-012017-02-28http://www.companieshouse.gov.uk/2016-03-012017-02-28http://www.companieshouse.gov.uk/2016-02-29http://www.companieshouse.gov.uk/cd:FRS1022016-03-012017-02-28http://www.companieshouse.gov.uk/2017-02-28http://www.companieshouse.gov.uk/cd:FullAccounts2016-03-012017-02-28http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2016-03-012017-02-28iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03324562
Luscombe's Limited
ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2017
Prepared By:
Simon Porter & Co Accountants Ltd
1 Prospect Street
Caversham
Reading
RG4 8JB
Luscombe's Limited
ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2017
DIRECTORS
S F Luscombe
A H Pontin
R A Searby
SECRETARY
R A Searby
REGISTERED OFFICE
Golden Ball
Lower Assendon
Henley on Thames
Oxfordshire
RG9 6AH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03324562
ACCOUNTANTS
Simon Porter & Co Accountants Ltd
1 Prospect Street
Caversham
Reading
RG4 8JB
Luscombe's Limited
ACCOUNTS
FOR THEYEARENDED28 FEBRUARY 2017
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Luscombe's Limited
BALANCE SHEET AT 28 February 2017
20172016
Notes££
FIXED ASSETS
Tangible assets243,65945,853
CURRENT ASSETS
Stock2,0864,230
Debtors43,50324,589
Cash at bank and in hand49,21828,852
54,80757,671
CREDITORS: Amounts falling due within one year582,23191,812
NET CURRENT LIABILITIES(27,424)(34,141)
TOTAL ASSETS LESS CURRENT LIABILITIES16,23511,712
CAPITAL AND RESERVES
Called up share capital7100100
Share premium account859,97059,970
Profit and loss account(43,835)(48,358)
SHAREHOLDERS' FUNDS16,23511,712
For the year ending 28 February 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 4 May 2017 and signed on their behalf by
.............................
S F Luscombe
Director
Luscombe's Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2017
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Properties 15%
Plant and Machinery 25%
Fixtures and Fittings 15%
1c. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.
2. TANGIBLE FIXED ASSETS
Short LeaseholdPlant andFixtures
PropertiesMachineryand FittingsTotal
££££
Cost
At 1 March 201626,106104,58744,911175,604
Additions-1,3788,2349,612
At 28 February 201726,106105,96553,145185,216
Depreciation
At 1 March 201624,85674,28230,613129,751
For the year1,2507,9212,63511,806
At 28 February 201726,10682,20333,248141,557
Net Book Amounts
At 28 February 2017-23,76219,89743,659
At 29 February 20161,25030,30514,29845,853
Luscombe's Limited
3. STOCK 20172016
££
Stock comprises:
Stock2,0864,230
2,0864,230
4. DEBTORS 20172016
££
Amounts falling due within one year
Trade debtors22210,410
UK corporation tax-2,965
Other debtors1,8658,440
Prepayments1,4162,774
3,50324,589
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20172016
££
UK corporation tax1,376-
VAT30,0309,035
PAYE control3,8763,951
Credit card842863
Trade creditors22,24319,813
Other creditors19,00424,003
Accruals4,37532,934
Deferred income4851,213
82,23191,812
6. EMPLOYEES
20172016
No.No.
Average number of employees2013
Luscombe's Limited
7. SHARE CAPITAL 20172016
££
Allotted, issued and fully paid:
100 ordinary shares of £1 each100100
100100
8. SHARE PREMIUM ACCOUNT 20172016
££
Share premium account59,97059,970