Lords Storage Co. Limited - Accounts to registrar - small 17.2
Lords Storage Co. Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 November 2016 |
| for |
| Lords Storage Co. Limited |
| Lords Storage Co. Limited (Registered number: 03293306) |
| Contents of the Financial Statements |
| for the Year Ended 30 November 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Lords Storage Co. Limited |
| Company Information |
| for the Year Ended 30 November 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Lords Storage Co. Limited (Registered number: 03293306) |
| Balance Sheet |
| 30 November 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
| NET ASSETS |
| Lords Storage Co. Limited (Registered number: 03293306) |
| Balance Sheet - continued |
| 30 November 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Revaluation reserve | 9 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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 financial statements were approved by the Board of Directors on behalf by: |
| Lords Storage Co. Limited (Registered number: 03293306) |
| Notes to the Financial Statements |
| for the Year Ended 30 November 2016 |
| 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. |
| Goodwill |
| Tangible fixed assets |
| Freehold property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the |
| company's pension scheme are charged to the profit and loss account in the period to which they |
| relate. |
| 2. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 December 2015 |
| and 30 November 2016 |
| AMORTISATION |
| At 1 December 2015 |
| and 30 November 2016 |
| NET BOOK VALUE |
| At 30 November 2016 |
| At 30 November 2015 |
| Lords Storage Co. Limited (Registered number: 03293306) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2016 |
| 3. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Plant and | and | Motor |
| property | machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 December 2015 |
| Disposals | ( |
) | ( |
) |
| At 30 November 2016 |
| DEPRECIATION |
| At 1 December 2015 |
| Charge for year |
| At 30 November 2016 |
| NET BOOK VALUE |
| At 30 November 2016 |
| At 30 November 2015 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors | 67,268 | 59,586 |
| Amounts owed by group undertakings |
| Prepayments | 14,115 | - |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Social security and other taxes | ( |
) |
| VAT |
| Other creditors |
| Directors' current accounts | 202,998 | 170,196 |
| Accruals and deferred income |
| Lords Storage Co. Limited (Registered number: 03293306) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2016 |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more 5 yr by instal | 540,050 | 632,617 |
| Social security and other taxes |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 540,050 | 632,617 |
| 7. | PREFERENCE SHARES |
| Details of preference shares are as follows: |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary A | £1 |
| Ordinary B | £1 |
| 100 | 100 |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 December 2015 |
| At 30 November 2016 |
| 10. | ULTIMATE PARENT COMPANY |
| being the company's ultimate parent company. |
| Lords Storage Co. Limited (Registered number: 03293306) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2016 |
| 11. | RELATED PARTY DISCLOSURES |
| At the end of the year the company lent £1,636,294 (2015 :£1,337,935) to fellow subsidiary |
| companies and owed £0 (2015: £0) by fellow subsidiary companies. |
| Included within creditors is P Digby's directors current account balance of £67,961 (2015 £56,961). |
| Included within creditors is M Patel's directors current account balance of £67,575 (2015: £56,575). |
| Included within creditors is M Watson's directors current account balance of £67,660 (2015: |
| £56,660). |
| 12. | ULTIMATE CONTROLLING PARTY |
| Lords Storage Co. Limited is owned and controlled by its parent undertaking Store 'N' Go Limited |