LED Creative Limited,Ltd - AccountsLtd - Accounts

LED CREATIVE LTD - Company Information

Print Friendly Version

LED Creative Limited

Registered Number:08241189

For the year ended 31 October 2017

England and Wales

Unaudited Financial Statements

As at 31 October 2017

LED Creative Limited

Statement of Financial Position

Registered Number :

08241189

Restated

2016

2017

Notes

Fixed assets

Property, plant and equipment

245,968

185,702

245,968

185,702

Current assets

Inventories

7,500

20,000

Trade and other receivables

104,877

217,613

53,654

Cash and cash equivalents

124,330

361,943

166,031

Trade and other payables: amounts falling due within one

year

(109,176)

(191,140)

56,855

170,803

Net current assets

Total assets less current liabilities

416,771

242,557

(46,734)

Provisions for liabilities

370,037

Net assets

242,557

Capital and reserves

Retained earnings

370,037

242,557

370,037

242,557

Shareholders' funds

For the year ended 31 October 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

Mr Adam James Howard Director

Mr Gerald Robert Smith Director

These financial statements were approved and authorised for issue by the Board on 11 July 2018 and were signed by:

The notes form part of these financial statements

1 of 4

For the year ended 31 October 2017

LED Creative Limited

Notes to the Financial Statements

Statutory Information

LED Creative Limited is a private limited company, limited by shares, domiciled in England and Wales, registration

number 08241189.

Principal place of business:

Unit 5 Executive Park

Hatfield Road

St Albans

Herts

AL1 4TA

Registered address:

c/o HJP Chartered, Audley House

Northbridge Rd

Berkhamsted

Herts

HP4 1EH

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as

modified by the revaluation of certain assets.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and buildings

10% Reducing balance

Plant and machinery

25% Reducing balance

Motor vehicles

25% Reducing balance

Fixtures and fittings

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for the benefit of its directors and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.

2 of 4

For the year ended 31 October 2017

LED Creative Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Fixtures and

fittings

Motor vehicles

Plant and

machinery

Cost or

valuation

At 01 November 2016

319,330

6,153

14,390

298,787

161,231

3,896

157,335

Additions

(23,300)

Disposals

(23,300)

At 31 October 2017

432,822

14,390

10,049

457,261

Provision for depreciation and impairment

At 01 November 2016

133,628

2,144

8,319

123,165

Charge for year

81,990

1,976

1,518

78,496

(4,325)

On disposal

At 31 October 2017

211,293

4,120

9,837

197,336

At 31 October 2017

Net book value

235,486

4,553

5,929

245,968

At 31 October 2016

175,622

6,071

4,009

185,702

3. Inventories

2016

2017

Stocks

20,000

7,500

4. Trade and other receivables

2016

2017

Trade debtors

211,924

99,197

Other debtors

5,689

5,680

104,877

217,613

5. Trade and other payables: amounts falling due within one year

2016

2017

Trade creditors

69,249

36,131

Taxation and social security

72,669

18,450

Other creditors

49,222

54,595

191,140

109,176

3 of 4

For the year ended 31 October 2017

LED Creative Limited

Notes to the Financial Statements Continued

6. Guarantees and other financial commitments

Lease commitments

At 31 October 2017 the company had annual commitments under non-cancellable operating leases as set out

below:

2016

2017

Operating leases which expire:

16,000

Within 1 year

80,000

64,000

Within 2 to 5 years

80,000

96,000

7. Average number of persons employed

During the year the average number of employees was 6 (2016 : 5)

4 of 4