Labar Services Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 10428973 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 14 OCTOBER 2016 TO 31 OCTOBER 2017

FOR

LABAR SERVICES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Ms LA Anderson-Smith

Mr G R Barker

Mr R M Ramsell

REGISTERED OFFICE:

36 High Street

Cleethorpes

North East Lincs

DN35 8JN

BUSINESS ADDRESS:

The Grange

Brigg Road

Howsham

Nr Market Rasen

Lincolnshire

LN7 6LF

REGISTERED NUMBER:

10428973 (England and Wales)

ACCOUNTANTS:

Blow Abbott Limited

36 High Street

Cleethorpes

North East Lincs

DN35 8JN

CURRENT ASSETS

Debtors

3

11,303

Cash at bank

2,762

14,065

CREDITORS

Amounts falling due within one year

4

16,962

NET CURRENT LIABILITIES

(2,897

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,897

)

CAPITAL AND RESERVES

Called up share capital

5

75

Retained earnings

6

(2,972

)

SHAREHOLDERS' FUNDS

(2,897

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 19 December 2017 and were signed on its behalf by:

Ms LA Anderson-Smith - Director

1.	STATUTORY INFORMATION

Labar Services 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

11,278

Directors' current accounts

25

11,303

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

13,418

VAT

89

Directors' current accounts

2,955

Accrued expenses

500

16,962

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

150

Ordinary

0.50

75

6.

RESERVES

Retained

earnings

£

Deficit for the period

(2,972

)

At 31 October 2017

(2,972

)

7.	RELATED PARTY DISCLOSURES

As at 31 October 2017 the company owed Ms L Anderson-Smith, a director of the company £1,969

and Mr G Barker, a director of the company £986. As at 31st October 2017, the company is owed £25

from Mr R Ramsell, a director of the company. No interest is payable on the loan.