Lumber Enterprises Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06153258 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Lumber Enterprises Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P J Lumber

REGISTERED OFFICE:

101 Bridge House

Sion Place

Clifton

Bristol

BS8 4BW

REGISTERED NUMBER:

06153258 (England and Wales)

ACCOUNTANTS:

Capit All Accounting Limited

38 Pollard Road

Weston-super-Mare

North Somerset

BS24 7DT

FIXED ASSETS

Tangible assets

4

156,326

172,608

CURRENT ASSETS

Stocks

13,149

13,917

Debtors

5

60,208

17,243

Cash at bank and in hand

2,628

10,411

75,985

41,571

CREDITORS

Amounts falling due within one year

6

167,341

199,008

NET CURRENT LIABILITIES

(91,356

)

(157,437

)

TOTAL ASSETS LESS CURRENT LIABILITIES

64,970

15,171

PROVISIONS FOR LIABILITIES

19,000

2,300

NET ASSETS

45,970

12,871

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

45,870

12,771

SHAREHOLDERS' FUNDS

45,970

12,871

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

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

The director acknowledges his 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.

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

The financial statements were approved by the director on 21 December 2017 and were signed by:

P J Lumber - Director

1.	STATUTORY INFORMATION

Lumber Enterprises 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 represents the sale of beverages and food, excluding 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.

Plant and machinery etc

-

15% on reducing balance and 10% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2016

and 31 March 2017

11,714

98,268

122,018

232,000

DEPRECIATION

At 1 April 2016

-

32,610

26,782

59,392

Charge for year

-

6,543

9,739

16,282

At 31 March 2017

-

39,153

36,521

75,674

NET BOOK VALUE

At 31 March 2017

11,714

59,115

85,497

156,326

At 31 March 2016

11,714

65,658

95,236

172,608

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other debtors

60,208

13,439

Prepayments

-

3,804

60,208

17,243

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

12,265

13,085

Hire purchase contracts

3,162

23,000

Trade creditors

116,880

110,800

Taxation and social security

31,734

34,259

Other creditors

3,300

17,864

167,341

199,008

7.	ULTIMATE CONTROLLING PARTY

The company was under the control of the director, who holds 100% of the issued share capital, throughout the year

under review.