Lylac Ridge - Accounts to registrar (filleted) - small 17.3
Lylac Ridge - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Lylac Ridge |
| Unaudited Financial Statements for the Year Ended 30 April 2017 |
| Lylac Ridge (Registered number: 06873453) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Lylac Ridge |
| Company Information |
| for the Year Ended 30 April 2017 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| 7 Neptune Court |
| Vanguard Way |
| Cardiff |
| CF24 5PJ |
| Lylac Ridge (Registered number: 06873453) |
| Balance Sheet |
| 30 April 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Debtors | 5 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| Net (liabilities)/assets | ( |
) |
| Reserves |
| Retained earnings | 8 | ( |
) |
| Members' funds | ( |
) |
| The directors acknowledge their 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. |
| Lylac Ridge (Registered number: 06873453) |
| Balance Sheet - continued |
| 30 April 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on its behalf by: |
| Lylac Ridge (Registered number: 06873453) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2017 |
| 1. | Statutory information |
| Lylac Ridge is a |
| 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 |
| Turnover |
| Turnover represents revenue grants received, the release of capital grants and amounts chargeable |
| in respect of the sale of goods and services to customers. |
| Where revenue grants are received for a period which falls outside of the financial statements year |
| end then an appropriate amount of grant is deferred to the relevant period. |
| Capital grants are released in line with the life of the asset for which the funding was provided. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Tangible fixed assets are capitalised when the cost exceeds £700. Tangible fixed assets are stated at |
| cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated |
| residual value of each asset over its expected useful life. |
| 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. |
| Lylac Ridge (Registered number: 06873453) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2017 |
| 2. | Accounting policies - continued |
| Going concern |
| The financial statements have been prepared on a going concern basis. |
| The Directors believe that a combination of current grant funding and additional grant applications |
| that are being made will be sufficient to meet the year end and on going liabilities of the company. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Tangible fixed assets |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| Cost |
| At 1 May 2016 |
| Additions |
| At 30 April 2017 |
| Depreciation |
| At 1 May 2016 |
| Charge for year |
| At 30 April 2017 |
| Net book value |
| At 30 April 2017 |
| At 30 April 2016 |
| Motor |
| vehicles | Animals | Totals |
| £ | £ | £ |
| Cost |
| At 1 May 2016 |
| Additions |
| Impairments | - | (7,370 | ) | (7,370 | ) |
| At 30 April 2017 |
| Depreciation |
| At 1 May 2016 |
| Charge for year |
| At 30 April 2017 |
| Net book value |
| At 30 April 2017 |
| At 30 April 2016 |
| Lylac Ridge (Registered number: 06873453) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2017 |
| 4. | Tangible fixed assets - continued |
| Included in cost of land and buildings is freehold land of £ 40,639 (2016 - £ 40,639 ) which is not |
| depreciated. |
| 5. | Debtors: amounts falling due within one year |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| 6. | Creditors: amounts falling due within one year |
| 2017 | 2016 |
| £ | £ |
| Other loans |
| Social security and other taxes |
| Accrued expenses |
| Deferred government grants |
| 7. | Creditors: amounts falling due after more than one year |
| 2017 | 2016 |
| £ | £ |
| Other creditors |
| Other creditors | 6,721 | 10,623 |
| Deferred government grants |
| Included in the above is a grant of £40,000 used to fund the purchase of land, which will remain until |
| the land is sold. |
| 8. | Reserves |
| Retained |
| earnings |
| £ |
| At 1 May 2016 |
| Deficit for the year | ( |
) |
| At 30 April 2017 | ( |
) |
| 9. | Contingent liabilities |
| During 2015 grant funding was provided to purchase two vehicles. This grant is being released over |
| the life span of the asset in line with the depreciation charged. |
| Due to the terms of this funding should the company cease to trade the full amount received will be |
| required to be paid back. The amount released to date to the profit and loss account is £17,659, the |
| remainder of the grant is currently held in deferred income. |
| Lylac Ridge (Registered number: 06873453) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2017 |
| 10. | Company status |
| The company is limited by guarantee and therefore has no shareholders. The Directors are |
| considered to be in ultimate control of the company. |