Lamstock Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05970930 (England and Wales)

Unaudited Financial Statements

for the Period 1st March 2016 to 31st March 2017

for

Lamstock Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

B McNulty FCCA

Mrs C M Crow

R A Ward

SECRETARY:

B McNulty FCCA

REGISTERED OFFICE:

Bank House

Market Square

Congleton

Cheshire

CW12 1ET

REGISTERED NUMBER:

05970930 (England and Wales)

FIXED ASSETS

Tangible assets

3

967,401

983,567

CURRENT ASSETS

Debtors

2

2

Cash at bank and in hand

3,138

2,728

3,140

2,730

CREDITORS

Amounts falling due within one year

552,558

565,877

NET CURRENT LIABILITIES

(549,418

)

(563,147

)

TOTAL ASSETS LESS CURRENT LIABILITIES

417,983

420,420

CREDITORS

Amounts falling due after more than one year

4

(262,913

)

(277,595

)

PROVISIONS FOR LIABILITIES

(2,156

)

(3,930

)

NET ASSETS

152,914

138,895

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

152,912

138,893

SHAREHOLDERS' FUNDS

152,914

138,895

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

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

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

All the members have consented to the preparation of an abridged Statement of Financial Position for the period ended 31st March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 10th October 2017 and were signed on its behalf by:

B McNulty FCCA - Director

1.	STATUTORY INFORMATION

Lamstock 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 and represents amounts

receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tangible fixed assets

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

Land and buildings

-

2% on cost for buildings

Plant and machinery etc

-

20% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments

The following assets and liabilities are classified as financial instruments - bank loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest,

and subsequently at amortised using the effective interest method.

Financial assets that are measured at amortised costs are assessed at the end of each reporting period for

objective evidence of impairment, If objective evidence of impairment is found, an impairment loss is recognised

in the Statement of changes in Equity.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

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

statement of financial position 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 period 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.

Revenue recognition

Rental income is recognised on the accruals basis and therefore deferred when invoiced in advance.

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st March 2016

and 31st March 2017

1,251,728

DEPRECIATION

At 1st March 2016

268,161

Charge for period

16,166

At 31st March 2017

284,327

NET BOOK VALUE

At 31st March 2017

967,401

At 29th February 2016

983,567

4.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31/3/17

29/2/16

£

£

Repayable by instalments

Bank loans more 5 yr by instal

207,424

220,195

5.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/17

29/2/16

£

£

Bank loans

276,211

291,445

6.	FIRST YEAR ADOPTION

The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention

and in accordance with the Financial Reporting Standards for Smaller Entities (effective April 2015) as at 1st

March 2016.

Reconciliation of equity

No transitional adjustments were required.

Reconciliation of profit or loss for the year

No reconciliation of profit or loss were required