Llann Investment Limited - Filleted accounts

Llann Investment Limited - Filleted accounts

LLANN INVESTMENT LTD - Company Information

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Registered number
08244347
Llann Investment Limited
Filleted Accounts
31 October 2017
Llann Investment Limited
Registered number: 08244347
Balance Sheet
as at 31 October 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 2 11,999 16,110
Current assets
Stocks 302,616 308,792
Cash at bank and in hand 1,397 2,494
304,013 311,286
Creditors: amounts falling due within one year 3 (289,676) (291,418)
Net current assets 14,337 19,868
Net assets 26,336 35,978
Capital and reserves
Called up share capital 2 2
Profit and loss account 26,334 35,976
Shareholders' funds 26,336 35,978
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr N Ogbebor
Director
Approved by the board on 31 July 2018
Llann Investment Limited
Notes to the Accounts
for the year ended 31 October 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment 20 % Reducing balance
Motor Vehicle 20 % Reducing balance
2 Tangible fixed assets
Office Equipment Motor vehicles Total
£ £ £
Cost
At 1 November 2016 1,188 24,579 25,767
At 31 October 2017 1,188 24,579 25,767
Depreciation
At 1 November 2016 809 8,848 9,657
Charge for the year 178 3,933 4,111
At 31 October 2017 987 12,781 13,768
Net book value
At 31 October 2017 201 11,798 11,999
At 31 October 2016 379 15,731 16,110
3 Creditors: amounts falling due within one year 2017 2016
£ £
Taxation and social security costs 4,327 5,091
Other creditors 285,349 286,327
289,676 291,418
4 Other information
Llann Investment Limited is a private company limited by shares and incorporated in England. Its registered office is:
Sawhney Consulting Ltd
No 1 Olympic Way
Wembley
Middlesex
HA9 0NP
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