Laces Direct Limited - Accounts to registrar (filleted) - small 17.3
Laces Direct Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Laces Direct Limited |
| Unaudited Financial Statements |
| for the Year Ended 30th September 2017 |
| Laces Direct Limited (Registered number: 05223701) |
| Contents of the Financial Statements |
| for the year ended 30th September 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 | to | 5 |
| Laces Direct Limited |
| Company Information |
| for the year ended 30th September 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 310 Wellingborough Road |
| Northampton |
| NN1 4EP |
| Laces Direct Limited (Registered number: 05223701) |
| Balance Sheet |
| 30th September 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| 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. |
| 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 behalf by: |
| Laces Direct Limited (Registered number: 05223701) |
| Notes to the Financial Statements |
| for the year ended 30th September 2017 |
| 1. | STATUTORY INFORMATION |
| Laces Direct Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| The principal activity of the company in the year under review was that of the wholesale of shoe laces. |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements for the year ended 30th September 2017 are the first financial statements that |
| comply 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". The date of transition is 1st October 2015. |
| The significant accounting policies applied in the preparation of these financial statements are set out below. |
| These policies have been consistency applied to all years presented unless otherwise stated. |
| 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 |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Laces Direct Limited (Registered number: 05223701) |
| Notes to the Financial Statements - continued |
| for the year ended 30th September 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st October 2016 |
| Additions |
| At 30th September 2017 |
| DEPRECIATION |
| At 1st October 2016 |
| Charge for year |
| At 30th September 2017 |
| NET BOOK VALUE |
| At 30th September 2017 |
| At 30th September 2016 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | PROVISIONS FOR LIABILITIES |
| 2017 | 2016 |
| £ | £ |
| Deferred tax | 1,700 | 2,400 |
| Deferred |
| tax |
| £ |
| Balance at 1st October 2016 |
| Credit to Income Statement during year | ( |
) |
| Balance at 30th September 2017 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| Laces Direct Limited (Registered number: 05223701) |
| Notes to the Financial Statements - continued |
| for the year ended 30th September 2017 |
| 10. | CONTINGENT LIABILITIES |
| There were no contingent liabilities as at 30th September 2017 or at 30th September 2016. |
| 11. | CAPITAL COMMITMENTS |
| There were no capital commitments as at 30th September 2017 or at 30th September 2016. |