LAMERTONS WORLD TRAVEL & AIR CARGOES LIMITED

LAMERTONS WORLD TRAVEL & AIR CARGOES LIMITED

LAMERTONS WORLD TRAVEL & AIR CARGOES LIMITED - Company Information

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LAMERTONS WORLD TRAVEL & AIR CARGOES LIMITED

Company Registration Number:
00390597 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2017

Period of accounts

Start date: 01 October 2016

End date: 30 September 2017

LAMERTONS WORLD TRAVEL & AIR CARGOES LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2017

Balance sheet
Notes

LAMERTONS WORLD TRAVEL & AIR CARGOES LIMITED

Balance sheet

As at 30 September 2017


Notes
2017
2016


£
£
Fixed assets
Investments: 2 408,844 300,100
Total fixed assets: 408,844 300,100
Current assets
Debtors:   157,982 146,428
Total current assets: 157,982 146,428
Creditors: amounts falling due within one year: 3 (12,701) (4,629)
Net current assets (liabilities): 145,281 141,799
Total assets less current liabilities: 554,125 441,899
Provision for liabilities: (19,041) (582)
Total net assets (liabilities): 535,084 441,317
Capital and reserves
Called up share capital: 12,500 12,500
Profit and loss account: 522,584 428,817
Shareholders funds: 535,084 441,317

The notes form part of these financial statements

LAMERTONS WORLD TRAVEL & AIR CARGOES LIMITED

Balance sheet statements

For the year ending 30 September 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 May 2018
and signed on behalf of the board by:

Name: M D Mosselson
Status: Director

The notes form part of these financial statements

LAMERTONS WORLD TRAVEL & AIR CARGOES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Other accounting policies

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

LAMERTONS WORLD TRAVEL & AIR CARGOES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

2. Fixed investments

Investment property £408,744Other investments £100

LAMERTONS WORLD TRAVEL & AIR CARGOES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

3. Creditors: amounts falling due within one year note

Group creditors £2,205Corporation tax £843Other creditors £9,653