Accounts Submission

W.G. LUCAS & SON LIMITED - Company Information

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Company Registration Number:
01102361 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2016

Period of accounts

Start date: 01 January 2016

End date: 31 December 2016

Contents of the Financial Statements

for the Period Ended 31 December 2016


Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 9

Directors' Report Period Ended 31 December 2016

The directors present their report with the financial statements of the company for the period ended 31 December 2016

Principal Activities

The principle business of the company is Design and Manufacture of Sails, Awnings and Canvas Goods for the Marine and Leisure markets. All turnover was carried out in the UK for retail purpose.

Directors

The directors shown below have held office during the whole of the period from 01 January 2016 to 31 December 2016
Peter Lucas

Secretary
J J Thornback

This report was approved by the board of directors on 15 September 2017
And Signed On Behalf Of The Board By:

Name: Peter Lucas
Status: Director

Profit and Loss Account

for the Period Ended 31 December 2016

	2016 £	2015 £
Gross Profit or (Loss)	38,105	44,660
Administrative Expenses	(25,268)	(26,536)
Operating Profit or (Loss)	12,837	18,124
Interest Payable and Similar Charges	(0)	(672)
Profit or (Loss) Before Tax	12,837	17,452
Profit or (Loss) for Period	12,837	17,452

The notes form part of these financial statements

Balance sheet

As at 31 December 2016

	Notes	2016 £	2015 £
Fixed assets
Tangible assets:	2	8,241	8,241
Total fixed assets:		8,241	8,241
Current assets
Stocks:		11,623	11,223
Debtors:		1,776
Cash at bank and in hand:		21,024	14,357
Total current assets:		34,423	25,580
Creditors: amounts falling due within one year:			( 3,994 )
Net current assets (liabilities):		34,423	21,586
Total assets less current liabilities:		42,664	29,827
Creditors: amounts falling due after more than one year:		( 45,065 )	( 45,065 )
Provision for liabilities:		( 421 )	( 421 )
Total net assets (liabilities):		( 2,822 )	( 15,659 )

The notes form part of these financial statements

Balance sheet continued

As at 31 December 2016

	2016 £	2015 £
Capital and reserves
Called up share capital:	60,500	60,500
Profit and loss account:	( 63,322 )	( 76,159 )
Shareholders funds:	( 2,822 )	( 15,659 )

For the year ending 31 December 2016 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 15 September 2017
And Signed On Behalf Of The Board By:

Name: Peter Lucas
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2016

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Valuation information and policy

Stock is valued at the lower of cost and net realisible value.

Other accounting policies

Other Creditors represents a loan to the company other than the bank.

Notes to the Financial Statements

for the Period Ended 31 December 2016

2. Tangible Assets

	Total
Cost	£
At 01 January 2016	8,241
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2016	8,241
Depreciation
At 01 January 2016	0
Charge for year	-
On disposals	-
Other adjustments	-
At 31 December 2016	0
Net book value
At 31 December 2016	8,241
At 31 December 2015	8,241

Plant and Machinery Year to Date £7860
Furniture and Fixtures Year to Date £381
No Depreciation

Director:		Peter Lucas


Secretary:		J J Thornback


Registered office:		Portchester House Hospital Lane Portchester Fareham Hampshire England PO16 9QP


Company Registration Number:		01102361 (England and Wales)

Accounts Submission