LOTUS BENEFIT CONSULTANTS LIMITED xbrl

LOTUS BENEFIT CONSULTANTS LIMITED xbrl

LOTUS BENEFIT CONSULTANTS LIMITED - Company Information

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2016-04-01 2017-03-31 2017-03-31 false false The accounts were prepared in accordance with frs102 There is no accountants report AbridgedAccounts This company is a private limited company 03093707 2017-03-31 03093707 2016-03-31 03093707 2015-03-31 03093707 2016-04-01 2017-03-31 03093707 2015-04-01 2016-03-31 03093707 uk-cd-pres:AllEntityOfficers 2016-04-01 2017-03-31 03093707 uk-cd-pres:AllEntityOfficers 2015-04-01 2016-03-31 03093707 uk-cd-pres:CompanySecretary1 2016-04-01 2017-03-31 03093707 uk-cd-pres:CompanySecretaryDirector1 2016-04-01 2017-03-31 03093707 uk-cd-pres:CompanySecretaryDirector1 2017-03-31 03093707 uk-cd-pres:Director1 2016-04-01 2017-03-31 03093707 uk-cd-pres:Director1 2017-03-31 03093707 uk-cd-pres:Director2 2016-04-01 2017-03-31 03093707 uk-cd-pres:Director2 2017-03-31 03093707 uk-cd-pres:AllOrdinaryShares 2017-03-31 03093707 uk-cd-pres:AllPreferenceShares 2017-03-31 03093707 uk-cd-pres:AllOrdinaryShares 2016-03-31 03093707 uk-cd-pres:AllPreferenceShares 2016-03-31 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LOTUS BENEFIT CONSULTANTS LIMITED
 
 
Company Registration Number
03093707
 
 
Report of the Directors and
Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/04/2016
 
End date 31/03/2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
LOTUS BENEFIT CONSULTANTS LIMITED
 
Contents of the Financial Statements
for the Period Ended 31 March 2017
 
 
Page
Company Information 3
 
Report of the Directors 4
 
Profit and Loss Account 5
 
Balance Sheet 6 - 7
 
Notes to the Financial Statements 8 - 12
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
LOTUS BENEFIT CONSULTANTS LIMITED
 
Company Information
for the Period Ended 31 March 2017
 
Directors Kiran Shah
Roshni Shah
 
 
Registered office Devonshire House
582 Honeypot Lane
Stanmore, Middlesex
HA7 1JS
 
Company Registration Number 03093707
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
LOTUS BENEFIT CONSULTANTS LIMITED
Directors Report
for the Period Ended 31 March 2017
The directors present their report with the financial statements of the company for the
period ended 31 March 2017
Principal activities
The principal activity of the company in the period under review was
providing financial Services.
Directors
The director(s) shown below have held office during the whole of the period
Kiran Shah
Roshni Shah
Small Company Provisions
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
 
This report was approved by the board of directors on 2017-05-03
and signed on behalf of the board by
Name Kiran Shah
Status Director
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 4
LOTUS BENEFIT CONSULTANTS LIMITED
 
Profit and Loss Account
for the Period Ended 31 March 2017
2017 2016
Notes £ £
 
Turnover 2 210,488 194,640
Cost of sales 98,651 118,948
______ ______
Gross Profit/(Loss) 111,837 75,692
 
Administrative expenses 35,949 38,952
______ ______
Operating costs 35,949 38,952
 
______ ______
Operating Profit/(Loss) 3 75,888 36,740
______ ______
Interest receivable and similar 1,187 520
______ ______
Net Finance income/(Loss) 1,187 520
______ ______
Profit/(Loss) on ordinary activities before taxation 77,075 37,260
 
Tax on profit on ordinary activities 5 15,456 7,493
_____ _____
Profit/(Loss) for the financial period after taxation 61,619 29,767
 
The notes form part of these financial statements
 
 
 
 
 
 
 
 
 
 
Page 5
LOTUS BENEFIT CONSULTANTS LIMITED
Balance Sheet
for the Period Ended 31 March 2017
Company registration number 03093707
2017 2016
Notes £ £
Fixed assets
Tangible fixed assets 7 953 1,157
Investments 8 55,000 50,000
_______ _______
Total fixed assets 55,953 51,157
Current assets
Debtors 9 10,116 9,938
Cash at bank and in hand 184,920 164,805
_______ _______
Total current assets/(liabilities) 195,036 174,743
Creditors
Creditors - amounts falling
due within one year 10 34,172 20,702
_______ _______
Net current assets 160,864 154,041
_______ _______
Total assets less current liabilities 216,817 205,198
_______ _______
Net assets/(liabilities) 216,817 205,198
Capital and reserves
Called up share capital 11 100 100
Profit and loss account 12 216,717 205,098
______ ______
Total shareholders funds 216,817 205,198
 
 
 
 
 
 
 
 
 
 
 
 
Page 6
LOTUS BENEFIT CONSULTANTS LIMITED
 
Balance Sheet
for the Period Ended 31 March 2017
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The option not to file the profit and loss account has been taken.
 
For the year ending 31 March 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 members have agreed to the preparation of abridged accounts.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
 
The financial statements were approved by the Board of Directors on 2017-05-03
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name Kiran Shah
Status Director
 
The notes form part of these financial statements
 
 
 
 
 
 
 
Page 7
LOTUS BENEFIT CONSULTANTS LIMITED
Notes to the Financial Statements
for the Period Ended 31 March 2017
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Turnover
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 8
LOTUS BENEFIT CONSULTANTS LIMITED
Notes to the Financial Statements
for the Period Ended 31 March 2017
2. Turnover 2017 2016
£ £
United Kingdom 210,488 194,640
______ ______
Total 210,488 194,640
3. Operating profit/(loss) 2017 2016
Profit before tax as stated after charging the following £ £
4. Directors' remuneration 2017 2016
£ £
Directors remuneration
Value of directors pension contributions 16,224 16,224
20,000 20,000
Total 16,224 16,224
The number of Directors accruing pension benefits was
5. Taxation
The tax charge on the profit on ordinary activities 2017 2016
for the period was as follows £ £
UK Corporation Tax net of reliefs 15,456 7,493
_____ ____
Tax on profit on ordinary activities 15,456 7,493
6. Dividends 2017 2016
£ £
Dividend on ordinary shares paid in period 50,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
LOTUS BENEFIT CONSULTANTS LIMITED
Notes to the Financial Statements
for the Period Ended 31 March 2017
7. Tangible fixed assets
Office Total
equipment
Cost £ £
At 1 April 2016 20,502 20,502
_____ _____
At 31 March 2017 20,502 20,502
Depreciation
At 1 April 2016 19,345 19,345
Charge for year 204 204
_____ _____
At 31 March 2017 19,549 19,549
Net book value
At 31 March 2017 953 953
At 31 March 2016 1,157 1,157
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 10
LOTUS BENEFIT CONSULTANTS LIMITED
Notes to the Financial Statements
for the Period Ended 31 March 2017
8. Fixed asset investments 2017 2016
Unlisted 55,000 50,000
Total 55,000 50,000
9. Debtors 2017 2016
Trade debtors 8,936 9,938
Other debtors 1,180
_____ ____
Total 10,116 9,938
10. Creditors amounts falling due within one year 2017 2016
Trade creditors 18,616 13,209
Corporation tax 15,456 7,493
Accruals and deferred income 100
_____ _____
Total 34,172 20,702
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 11
LOTUS BENEFIT CONSULTANTS LIMITED
Notes to the Financial Statements
for the Period Ended 31 March 2017
11. Share capital 2017 2016
Allotted, called up and paid £ £
Ordinary Shares 100 100
___ ___
Total 100 100
12. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 April 2016 205,098
Profit/(Loss) for year 61,619
Dividends paid 50,000
______
Retained Profit/(Loss) at 31 March 2017 216,717
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 12