Labour Rooms (Huddersfield) Limited Company Accounts

Labour Rooms (Huddersfield) Limited Company Accounts

LABOUR ROOMS (HUDDERSFIELD) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 02857568
LABOUR ROOMS (HUDDERSFIELD) LIMITED
COMPANY LIMITED BY GUARANTEE
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 September 2017
LABOUR ROOMS (HUDDERSFIELD) LIMITED
COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2017
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 3
LABOUR ROOMS (HUDDERSFIELD) LIMITED
COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
30 September 2017
2017
2016
Note
£
£
Fixed assets
Tangible assets
5
62,222
62,222
Current assets
Cash at bank and in hand
93
1,753
Creditors: amounts falling due within one year
6
( 37,840)
( 35,361)
------------
------------
Net current liabilities
( 37,747)
( 33,608)
------------
------------
Total assets less current liabilities
24,475
28,614
------------
------------
Net assets
24,475
28,614
------------
------------
Capital and reserves
Profit and loss account
24,475
28,614
------------
------------
Members funds
24,475
28,614
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 30 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 November 2017 , and are signed on behalf of the board by:
D J Harvey
D J Hillas
Director
Director
Company registration number: 02857568
LABOUR ROOMS (HUDDERSFIELD) LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2017
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 27 Woodside Lane, Fixby, Huddersfield, HD2 2HA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 October 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.
Turnover
Turnover represents the value of goods sold and services provided net of value added tax.
Deferred taxation
Deferred taxation is provided on the liability method at anticipated future rates of taxation on differences arising from the inclusion of income and expenditure in periods different for accounts and taxation purposes.
Fixed assets
The long leasehold investment property is not depreciated. It is stated at cost rather than market value as required by SSAP 19 as the directors consider that to comply with this policy would involve unjustifiable time and expense.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Company limited by guarantee
The company is limited by guarantee and the liability of each member is limited to £1.
5. Tangible assets
Long leasehold investment property
£
Cost
At 1 October 2016 and 30 September 2017
62,222
------------
Depreciation
At 1 October 2016 and 30 September 2017
–
------------
Carrying amount
At 30 September 2017
62,222
------------
6. Creditors: amounts falling due within one year
2017
2016
£
£
Accruals and deferred income
600
600
Corporation tax
–
1,977
Loans and other creditors
37,240
32,784
------------
------------
37,840
35,361
------------
------------
7. Related party transactions
Some of the creditors above are due to certain directors. These are unsecured, repayable on demand and currently interest-free. There is no one controlling party of the company.
8. Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 October 2015.
No transitional adjustments were required in equity or profit or loss for the year.