Company Registration No. 5248020 (England and Wales)
Lanbury Associates Limited
Unaudited accounts
for the year ended 31 March 2017
Lanbury Associates Limited
Unaudited accounts
Contents
Lanbury Associates Limited
Company Information
for the year ended 31 March 2017
Director
Maurice E Abboudi
Company Number
5248020 (England and Wales)
Registered Office
Shermond House
58-59 Boundary Road
Hove
BN3 5TD
United Kingdom
Accountants
Allan Willmott
58/59 Boundary Road
Hove
East Sussex
BN3 5TD
Lanbury Associates Limited
Statement of financial position
as at 31 March 2017
Cash at bank and in hand
112,639
79,353
Creditors: amounts falling due within one year
(13,366)
(12,345)
Net current assets
106,658
74,393
Called up share capital
2
2
Profit and loss account
106,656
74,391
Shareholders' funds
106,658
74,393
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 14 April 2017.
Maurice E Abboudi
Director
Company Registration No. 5248020
Lanbury Associates Limited
Notes to the Accounts
for the year ended 31 March 2017
Lanbury Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 5248020. The registered office and principal place of business is Shermond House, 58-59 Boundary Road, Hove, BN3 5TD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2016.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax of a material amount is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Lanbury Associates Limited
Notes to the Accounts
for the year ended 31 March 2017
5
Creditors: amounts falling due within one year
2017
2016
Corporation tax
8,067
6,899
Other taxes and social security costs
3,648
3,692
Loans from directors
1,560
1,560
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
7
Transactions with related parties
Dividends paid to the Director during the year were £Nil (2016 £85,000)
8
Average number of employees
During the year the average number of employees was 2 (2016: 2).
