LPM Bohemia - The Tent Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05439801 (England and Wales)

LPM BOHEMIA - THE TENT COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Preston

C Preston

G J A Cresswell

SECRETARY:

G J A Cresswell

REGISTERED OFFICE:

Hilden Park House

79 Tonbridge Road

Hildenborough

Tonbridge

Kent

TN11 9BH

BUSINESS ADDRESS:

Unit 2

AGA Buildings

Lamberhurst Road

Horsmonden

Kent

TN12 8DP

REGISTERED NUMBER:

05439801 (England and Wales)

ACCOUNTANTS:

Hilden Park Accountants Limited

Chartered Accountants

Hilden Park House

79 Tonbridge Road

Hildenborough

Tonbridge

Kent

TN11 9BH

FIXED ASSETS

Tangible assets

4

1,037,195

1,038,013

CURRENT ASSETS

Stocks

22,273

20,393

Debtors

5

281,099

238,511

Cash at bank and in hand

21,627

21,033

324,999

279,937

CREDITORS

Amounts falling due within one year

444,932

405,422

NET CURRENT LIABILITIES

(119,933

)

(125,485

)

TOTAL ASSETS LESS CURRENT LIABILITIES

917,262

912,528

CREDITORS

Amounts falling due after more than one year

(111,796

)

(217,848

)

PROVISIONS FOR LIABILITIES

(190,882

)

(171,758

)

NET ASSETS

614,584

522,922

CAPITAL AND RESERVES

Called up share capital

900

900

Retained earnings

613,684

522,022

SHAREHOLDERS' FUNDS

614,584

522,922

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 5 June 2018 and were signed on its behalf by:

J Preston - Director

G J A Cresswell - Director

1.	STATUTORY INFORMATION

LPM Bohemia - The Tent Company 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes in relation to the manufacture and hire of marquees.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on reducing balance

Plant and machinery

-

10% on reducing balance and 5% on reducing balance

Fixtures & fittings

-

10% on reducing balance

Motor vehicles

-

10% on reducing balance

Office equipment

-

10% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2016 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2017

1,399,545

Additions

62,133

Disposals

(7,000

)

At 31 December 2017

1,454,678

DEPRECIATION

At 1 January 2017

361,532

Charge for year

57,619

Eliminated on disposal

(1,668

)

At 31 December 2017

417,483

NET BOOK VALUE

At 31 December 2017

1,037,195

At 31 December 2016

1,038,013

Assets held under finance leases and hire purchase contracts had a net book value of £168,176 at 31 December

2017 (2016: £174,913) and depreciation charged in the year was £6,737 (2016: £9,495).

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/17

31/12/16

£

£

Other debtors

1,900

1,900

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2017 and

31 December 2016:

31/12/17

31/12/16

£

£

J Preston

Balance outstanding at start of year

8,604

27,944

Amounts advanced

13,322

-

Amounts repaid

(298

)

(19,340

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

21,628

8,604

G J A Cresswell

Balance outstanding at start of year

28,414

(2,071

)

Amounts advanced

1,745

30,485

Amounts repaid

(28,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,159

28,414

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £135,000 were paid to the directors .

8.	ULTIMATE CONTROLLING PARTY