Company Registration No. 5411870 (England and Wales)
L A LIMOS LIMITED
Unaudited accounts
for the year ended 31 March 2017
L A LIMOS LIMITED
Unaudited accounts
Contents
L A LIMOS LIMITED
Company Information
for the year ended 31 March 2017
Directors
Leonard Reginald Austen
Stephen Austen
Company Number
5411870 (England and Wales)
Registered Office
Forest View
Newgatestreet Road
Goffs Oak
Herts
EN7 5RY
Accountants
Fielding Accountancy Services Ltd
48 Beechcroft Road
Bushey
Herts
WD23 2JU
L A LIMOS LIMITED
Statement of financial position
as at 31 March 2017
Tangible assets
54,722
75,089
Cash at bank and in hand
83,250
87,835
Creditors: amounts falling due within one year
(69,695)
(69,565)
Net current assets
46,647
50,784
Total assets less current liabilities
101,369
125,873
Provisions for liabilities
Net assets
101,369
125,723
Called up share capital
100
100
Profit and loss account
101,269
125,623
Shareholders' funds
101,369
125,723
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 4 December 2017.
Leonard Reginald Austen
Director
Company Registration No. 5411870
L A LIMOS LIMITED
Notes to the Accounts
for the year ended 31 March 2017
L A LIMOS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 5411870. The registered office is Forest View, Newgatestreet Road, Goffs Oak, Herts, EN7 5RY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended
31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note
11 below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
10% reducing balance
Fixtures & fittings
20% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
L A LIMOS LIMITED
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2016
126,338
19,025
145,363
Disposals
(30,698)
-
(30,698)
At 31 March 2017
95,640
19,025
114,665
At 1 April 2016
55,159
15,115
70,274
Charge for the year
7,692
782
8,474
On disposals
(18,805)
-
(18,805)
At 31 March 2017
44,046
15,897
59,943
At 31 March 2017
51,594
3,128
54,722
At 31 March 2016
71,179
3,910
75,089
Accrued income and prepayments
2,400
2,400
Other debtors
24,450
23,825
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
49,492
49,495
Trade creditors
8,039
8,327
Taxes and social security
-
1,471
Loans from directors
6,968
4,397
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
L A LIMOS LIMITED
Notes to the Accounts
for the year ended 31 March 2017
9
Transactions with related parties
The company was under the control of L R Austen throughout the year and previous year.
The Director - Mr L R Austen personally owns the premises from which L A Limos Ltd trades, and during the year £18000 ( 2016 £18000) was charged for rent.
10
Average number of employees
During the year the average number of employees was 15 (2016: 15).
11
Reconciliations on adoption of FRS 102
