Lowis and Philip Painters and Decorators Ltd Company Accounts

LOWIS AND PHILIP PAINTERS AND DECORATORS LTD - Company Information

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COMPANY REGISTRATION NUMBER: 05594066

Lowis and Philip Painters and Decorators Ltd

Filleted Unaudited Financial Statements

31 October 2017

Lowis and Philip Painters and Decorators Ltd

Financial Statements

Year ended 31 October 2017

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3

Lowis and Philip Painters and Decorators Ltd

Officers and Professional Advisers

Director	Mr A L Philip

Registered office	Sterling House
	3 Wavell Drive
	Rosehill Industrial Estate
	CARLISLE
	Cumbria
	CA1 2SA

Accountants	Saint & Co
	Chartered accountant
	Sterling House
	Wavell Drive, Rosehill
	Carlisle, Cumbria
	CA1 2SA

Lowis and Philip Painters and Decorators Ltd

Statement of Financial Position

31 October 2017

	2017		2016
Note	£	£	£

Current assets

Cash at bank and in hand	26		26

Creditors: amounts falling due within one year	4	939		939
		----		----
Net current liabilities			913	913
			----	----
Total assets less current liabilities			( 913)	( 913)
			----	----

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 1,013)	( 1,013)
	-------	-------
Shareholders deficit	( 913)	( 913)
	-------	-------

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 statement of comprehensive income has not been delivered.

The company did not trade during the current year or prior year and has not made either a profit or loss.

For the year ending 31 October 2017 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's 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 director acknowledges his 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 15 January 2018 , and are signed on behalf of the board by:

Mr A L Philip
Director

Company registration number: 05594066

Lowis and Philip Painters and Decorators Ltd

Notes to the Financial Statements

Year ended 31 October 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sterling House, 3 Wavell Drive, Rosehill Industrial Estate, CARLISLE, Cumbria, CA1 2SA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, '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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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 November 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 5.

Income statement

The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders deficit during the current year or prior year.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Creditors: amounts falling due within one year

	2017	2016
	£	£
Other creditors	939	939
	----	----

5. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 November 2015.

No transitional adjustments were required in equity or profit or loss for the year.