Lil'Jockeys Limited Small abridged accounts
Lil'Jockeys Limited Small abridged accounts
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS |
COMPANY REGISTRATION NUMBER:
05213070
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ABRIDGED FINANCIAL STATEMENTS |
YEAR ENDED 31 AUGUST 2017
CONTENTS |
PAGE |
Abridged statement of financial position |
1 |
Notes to the abridged financial statements |
3 |
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
2017 |
2016 |
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Note |
£ |
£ |
£ |
FIXED ASSETS
Tangible assets |
4 |
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CURRENT ASSETS
Stocks |
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Debtors |
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Cash at bank and in hand |
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--------- |
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CREDITORS: amounts falling due within one year |
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--------- |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: amounts falling due after more than one year |
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--------- |
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NET (LIABILITIES)/ASSETS |
(
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--------- |
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CAPITAL AND RESERVES
Called up share capital |
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Profit and loss account |
(
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---- |
------- |
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MEMBERS (DEFICIT)/FUNDS |
(
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---- |
------- |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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ABRIDGED STATEMENT OF FINANCIAL POSITION (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
15 May 2018
, and are signed on behalf of the board by:
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Director |
Company registration number:
05213070
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NOTES TO THE ABRIDGED FINANCIAL STATEMENTS |
YEAR ENDED 31 AUGUST 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 3 High Street, St Lawrence, Ramsgate, Kent, CT11 0QL.
2.
STATEMENT OF COMPLIANCE
3.
ACCOUNTING POLICIES
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 September 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 6.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
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15% reducing balance |
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Stocks
4.
TANGIBLE ASSETS
£ |
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Cost |
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At 1 September 2016 |
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Additions |
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At 31 August 2017 |
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Depreciation |
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At 1 September 2016 |
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Charge for the year |
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--------- |
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At 31 August 2017 |
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--------- |
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Carrying amount |
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At 31 August 2017 |
31,344 |
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At 31 August 2016 |
31,873 |
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5.
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
During the year the directors entered into the following advances and credits with the company:
2017 |
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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------- |
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2016 |
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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--------- |
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6.
TRANSITION TO FRS 102
These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 September 2015.
No transitional adjustments were required in equity or profit or loss for the year.