Luxury Design (Bournville) Ltd - Accounts to registrar (filleted) - small 17.3
Luxury Design (Bournville) Ltd - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2017 |
FOR |
LUXURY DESIGN (BOURNVILLE) LTD |
LUXURY DESIGN (BOURNVILLE) LTD (REGISTERED NUMBER: 09619035) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 June 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
LUXURY DESIGN (BOURNVILLE) LTD |
COMPANY INFORMATION |
for the year ended 30 June 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1110 Elliott Court |
Coventry Business Park |
Herald Avenue |
Coventry |
West Midlands |
CV5 6UB |
LUXURY DESIGN (BOURNVILLE) LTD (REGISTERED NUMBER: 09619035) |
BALANCE SHEET |
30 June 2017 |
2017 | 2016 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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. |
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 behalf by: |
LUXURY DESIGN (BOURNVILLE) LTD (REGISTERED NUMBER: 09619035) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 June 2017 |
1. | STATUTORY INFORMATION |
Luxury Design (Bournville) Ltd is a |
Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling |
costs in bringing stocks to their present location and condition. |
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 NIL. |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other debtors |
Prepayments |
LUXURY DESIGN (BOURNVILLE) LTD (REGISTERED NUMBER: 09619035) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 June 2017 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Directors' current accounts | 779,864 | 781,152 |
Accrued expenses |
6. | SECURED DEBTS |
The following secured debts are included within creditors: |
2017 | 2016 |
£ | £ |
Bank loans |
The loan is secured by |
(a) A first legal charge over the freehold land and buildings at former Woodland Nurses Home, |
Raddlebarn Road, Selly Oak, Birmingham. |
(b) An unlimited debenture from Luxury Design (Bournville) Limited. |
(c) Joint and several guarantee from AM Lamb, DE Revill and A B Saffarian for a principal amount of |
£80,000. |
(d) A charge from Luxury design (Bournville) Limited over the JCT Build Contract. |