LORING_HALL_LIMITED - Accounts


Company Registration No. 04809955 (England and Wales)
LORING HALL LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
LORING HALL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
LORING HALL LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,260,442
1,288,198
Current assets
Debtors
36,357
25,150
Cash at bank and in hand
17,507
4,990
53,864
30,140
Creditors: amounts falling due within one year
(1,214,207)
(1,216,765)
Net current liabilities
(1,160,343)
(1,186,625)
Total assets less current liabilities
100,099
101,573
Capital and reserves
Called up share capital
3
100,000
100,000
Profit and loss account
99
1,573
Shareholders'  funds
100,099
101,573
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 23 June 2017
Mr R Patel
Director
Company Registration No. 04809955
LORING HALL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
not provided
Plant and machinery
25% on cost
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015 & at 30 September 2016
1,594,372
Depreciation
At 1 October 2015
306,174
Charge for the year
27,756
At 30 September 2016
333,930
Net book value
At 30 September 2016
1,260,442
At 30 September 2015
1,288,198
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100,000 Ordinary shares of £1 each
100,000
100,000
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