LAVORO SOLIDO LTD Micro-entity accounts

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COMPANY REGISTRATION NUMBER 07423112

LAVORO SOLIDO LTD

FINANCIAL STATEMENTS

31 October 2016

LAVORO SOLIDO LTD

DIRECTOR'S REPORT

YEAR ENDED 31 OCTOBER 2016

The director presents his report and the unaudited financial statements of the company for the year ended 31 October 2016.

PRINCIPAL ACTIVITIES

Small Building Works

DIRECTOR

The director who served the company during the year was as follows:

Mr A Poplawski

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

Registered office: Signed by

Profex House

25-27 School Lane

Bushey

Herts

WD23 1SS

A Poplawski

Director

Approved by the director on 28 July 2017

LAVORO SOLIDO LTD

PROFIT AND LOSS ACCOUNT

YEAR ENDED 31 OCTOBER 2016

	2016	2015
	£	£
Turnover	115,708	194,050

Cost of raw materials and consumables	50,202	160,152

Staff costs	19,000	12,915

Depreciation and other amounts written off assets	5,022	5,021

Other charges	59,982	103,240

	----------	----------
LOSS	( 18,498)	( 87,278)
	----------	----------

LAVORO SOLIDO LTD

BALANCE SHEET

31 OCTOBER 2016

	2016		2015
	£	£	£
Fixed assets		4,793	9,815
		-------	-------

Current assets	26,891		27,172
Prepayments and accrued income	164		705
	---------		---------
		27,055	27,877

Creditors: amounts falling due within one year	269,359	248,178
	----------	----------
NET CURRENT LIABILITIES	242,304	220,301
	----------	----------
TOTAL ASSETS LESS CURRENT LIABILITIES	( 237,511)	( 210,486)

Creditors: amounts falling due after more than one year		–	7,927

Accruals and deferred income	400	1,000
	----------	----------
	( 237,911)	( 219,413)
	----------	----------

Capital and reserves	( 237,911)	( 219,413)
	----------	----------

For the year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

These financial statements were approved and signed by the director and authorised for issue on 28 July 2017 .

Mr A Poplawski Director

Company Registration Number: 07423112

LAVORO SOLIDO LTD

MANAGEMENT INFORMATION

YEAR ENDED 31 OCTOBER 2016

The following page does not form part of the financial statements.

LAVORO SOLIDO LTD

DETAILED PROFIT AND LOSS ACCOUNT

YEAR ENDED 31 OCTOBER 2016

	2016	2015
	£	£
TURNOVER	115,708	194,050

RAW MATERIAL AND CONSUMABLES

Purchases	50,202	160,152
	---------	----------
	50,202	160,152
	---------	----------

STAFF COSTS	19,000	12,915

DEPRECIATION AND OTHER AMOUNTS WRITTEN OFF ASSETS	5,022	5,021

OTHER CHARGES	(59,982)	(103,240)

	---------	----------
	(18,498)	(87,278)
	---------	----------

STAFF COSTS

Directors salaries	10,600	8,015
Wages and salaries	8,400	4,900
	---------	---------
	19,000	12,915
	---------	---------

DEPRECIATION AND OTHER AMOUNTS WRITTEN OFF ASSETS

Depn of plant and machinery	2,625	2,625
Depreciation of motor vehicles	2,397	2,396
	-------	-------
	5,022	5,021
	-------	-------

OTHER CHARGES

DIRECT AND OTHER COSTS

Opening work-in-progress	1,500	20,000
Closing work-in-progress	–	1,500
Cost of sales direct sundry costs	351	3,689
Other cost of sales direct costs - Premesis Rent	2,216	2,880
Hire of plant and machinery	366	14,016
	-------	---------
	4,433	39,085
	-------	---------

ESTABLISHMENT EXPENSES

Insurance - Public Liability	469	48
	----	----

GENERAL EXPENSES

Motor expenses	5,429	8,025
Travel and subsistence	4,123	3,666
Telephone	1,088	722
Office expenses - Internet	140	135
Office expenses	1,062	–
Printing, stationery and postage	221	136
Sundry expenses	26	54
General expenses (disallowable)	320	560
	---------	---------
	12,409	13,298
	---------	---------

FINANCIAL COSTS

Bad debts written off	19,215	46,270
Bank charges	43	478
Legal and professional fees	21,200	1,772
Professional fees (disallowable)	–	450
Accountancy fees	650	1,000
	---------	---------
	41,108	49,970
	---------	---------

FINANCE COSTS

Bank interest payable	92	62
Interest on other loans	1,471	777
	-------	----
	1,563	839
	-------	----