LRA Labsoil Limited - Accounts to registrar (filleted) - small 18.1

LRA Labsoil Limited - Accounts to registrar (filleted) - small 18.1

LRA LABSOIL LIMITED - Company Information

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REGISTERED NUMBER: 08812006 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 December 2017

for

LRA Labsoil Limited
LRA Labsoil Limited (Registered number: 08812006)






Contents of the Financial Statements
for the Year Ended 31 December 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LRA Labsoil Limited

Company Information
for the Year Ended 31 December 2017







DIRECTORS: M J Reeve
Mrs M A Miles-Reeve





REGISTERED OFFICE: The Mills
Canal Street
Derby
DE1 2RJ





BUSINESS ADDRESS: Lockington Hall
Lockington
Derby
DE74 2RH





REGISTERED NUMBER: 08812006 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ
Page 1
LRA Labsoil Limited (Registered number: 08812006)

Balance Sheet
31 December 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,423 6,486

CURRENT ASSETS
Stocks 250 350
Debtors 5 26,516 28,316
Cash at bank and in hand 97,070 112,909
123,836 141,575
CREDITORS
Amounts falling due within one year 6 41,087 48,175
NET CURRENT ASSETS 82,749 93,400
TOTAL ASSETS LESS CURRENT
LIABILITIES
97,172
99,886

CAPITAL AND RESERVES
Called up share capital 18 18
Retained earnings 97,154 99,868
SHAREHOLDERS' FUNDS 97,172 99,886

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 3 May 2018 and were signed on its
behalf by:





M J Reeve - Director


The notes form part of these financial statements

Page 2
LRA Labsoil Limited (Registered number: 08812006)

Notes to the Financial Statements
for the Year Ended 31 December 2017

1. STATUTORY INFORMATION

LRA Labsoil Limited 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 represents net invoiced charges for services, excluding value added tax, including where
applicable, relevant costs and overheads plus attributable profit to date recoverable on contracts.
Turnover is recognised when the company has transferred the significant risks and rewards of
ownership to the buyer and it is probable that the agreed upon payment will be received.

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 - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Operating lease commitments
Rentals paid under operating leases are charged to the profit and loss account as incurred.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 4 ) .

Page 3 continued...
LRA Labsoil Limited (Registered number: 08812006)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2017 1,834 9,950 1,213 12,997
Additions - 16,831 - 16,831
Disposals - (9,950 ) - (9,950 )
At 31 December 2017 1,834 16,831 1,213 19,878
DEPRECIATION
At 1 January 2017 636 4,856 1,019 6,511
Charge for year 240 3,366 194 3,800
Eliminated on disposal - (4,856 ) - (4,856 )
At 31 December 2017 876 3,366 1,213 5,455
NET BOOK VALUE
At 31 December 2017 958 13,465 - 14,423
At 31 December 2016 1,198 5,094 194 6,486

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 25,465 27,569
Prepayments 1,051 747
26,516 28,316

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 2,167 1,084
Tax 17,526 26,012
Social security and other taxes 10,738 9,284
Other creditors 9,066 10,395
Accrued expenses 1,590 1,400
41,087 48,175

Page 4