Lexham Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06047522 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 31 JANUARY 2016 TO 31 JANUARY 2017

FOR

LEXHAM LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M Lipschutz

SECRETARY:

Mrs R Lipschutz

REGISTERED OFFICE:

115 Craven Park Road

South Tottenham

London

N15 6BL

REGISTERED NUMBER:

06047522 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

2,367

2,788

CURRENT ASSETS

Debtors

5

258,654

258,654

Cash at bank and in hand

801,281

664,879

1,059,935

923,533

CREDITORS

Amounts falling due within one year

6

479,815

370,675

NET CURRENT ASSETS

580,120

552,858

TOTAL ASSETS LESS CURRENT LIABILITIES

582,487

555,646

CREDITORS

Amounts falling due after more than one year

7

7,224

26,487

NET ASSETS

575,263

529,159

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

575,262

529,158

SHAREHOLDERS' FUNDS

575,263

529,159

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 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 23 January 2018 and were signed by:

M Lipschutz - Director

1.	STATUTORY INFORMATION

Lexham Ltd 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.

Transition to financial reporting standards 102

The company has adopted FRS 102 Section 1A for the first time in the preparation of these accounts.

Accordingly the date of transition to FRS 102 was 31 January 2015 (beginning of the accounting period of

comparative financial year).

There are no material differences in determining the company's profit and loss under FRS 102 Section 1A and

the previous framework the company adopted (the Financial Reporting Standard for Smaller Entities (effective

January 2015)).

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

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 31 January 2016

and 31 January 2017

9,677

631

10,308

DEPRECIATION

At 31 January 2016

6,905

615

7,520

Charge for period

416

5

421

At 31 January 2017

7,321

620

7,941

NET BOOK VALUE

At 31 January 2017

2,356

11

2,367

At 30 January 2016

2,772

16

2,788

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

30.1.16

£

£

Other debtors

258,654

258,654

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

30.1.16

£

£

Taxation and social security

44,307

49,709

Other creditors

435,508

320,966

479,815

370,675

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.17

30.1.16

£

£

Bank loans

7,224

26,487

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

7,224

26,487

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.17

30.1.16

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Retained

earnings

£

At 31 January 2016

529,158

Profit for the period

67,617

Dividends

(21,513

)

At 31 January 2017

575,262

10.	ULTIMATE CONTROLLING PARTY

The controlling party is M Lipschutz.