LTS Training and Consulting Limited - Accounts to registrar

REGISTERED NUMBER: 01584361 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

LTS TRAINING AND CONSULTING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A B Pilbeam

SECRETARY:

P E O'Connor

REGISTERED OFFICE:

2 Princes Buildings George Street

Bath

BA1 2ED

REGISTERED NUMBER:

01584361 (England and Wales)

ACCOUNTANTS:

Gane Jackson Scott LLP

Chartered Certified Accountants

Second Floor, Kestrel House

Falconry Court

Bakers Lane

Epping

Essex

CM16 5BD

FIXED ASSETS

Tangible assets

4

1,771

1,015

CURRENT ASSETS

Debtors

5

6,383

7,372

Cash at bank

22,407

11,993

28,790

19,365

CREDITORS

Amounts falling due within one year

6

16,614

14,639

NET CURRENT ASSETS

12,176

4,726

TOTAL ASSETS LESS CURRENT
LIABILITIES

13,947

5,741

PROVISIONS FOR LIABILITIES

211

-

NET ASSETS

13,736

5,741

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

7

13,636

5,641

SHAREHOLDERS' FUNDS

13,736

5,741

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 4 August 2017 and were signed by:

A B Pilbeam - Director

1.	STATUTORY INFORMATION

LTS Training and Consulting Limited is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2016

1,250

-

1,250

Additions

-

1,516

At 31 March 2017

1,250

1,516

2,766

DEPRECIATION

At 1 April 2016

235

-

235

Charge for year

255

505

760

At 31 March 2017

490

505

995

NET BOOK VALUE

At 31 March 2017

760

1,011

1,771

At 31 March 2016

1,015

-

1,015

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade debtors

758

2,012

Prepayments

5,625

5,360

6,383

7,372

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade creditors

1

1,814

Tax

4,323

1,473

Directors' current accounts

10,023

9,293

Accrued expenses

2,267

2,059

16,614

14,639

7.

RESERVES

Retained

earnings

£

At 1 April 2016

5,641

Profit for the year

17,995

Dividends

(10,000

)

At 31 March 2017

13,636

LTS Training and Consulting Limited - Accounts to registrar - small 17.2

LTS Training and Consulting Limited - Accounts to registrar - small 17.2