Accounts Submission

W.G. LUCAS & SON LIMITED - Company Information

Company Accounts and Tax Online 01102361 Board of Directors 1.1.17 31.12.17 31.12.17 false iso4217:GBP xbrli:pure 01102361 2016-01-01 2016-12-31 01102361 2017-12-31 01102361 2017-01-01 2017-12-31 01102361 2016-12-31 01102361 countries:EnglandWales 2017-01-01 2017-12-31 01102361 curr:PoundSterling 2017-01-01 2017-12-31 01102361 uk-bus:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 01102361 uk-bus:FRS102 2017-01-01 2017-12-31 01102361 uk-bus:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 01102361 uk-bus:AbridgedAccounts 2017-01-01 2017-12-31 01102361 uk-bus:RegisteredOffice 2017-01-01 2017-12-31 01102361 uk-bus:Director1 2017-01-01 2017-12-31 01102361 uk-bus:Director1 2017-01-01 01102361 uk-bus:Director1 2017-12-31 01102361 uk-bus:CompanySecretary1 2017-01-01 2017-12-31 01102361 core:AfterOneYear 2017-12-31 01102361 core:AfterOneYear 2016-12-31 01102361 core:WithinOneYear 2017-12-31 01102361 core:WithinOneYear 2016-12-31 01102361 core:WithinOneYear 2017-01-01 2017-12-31 01102361 core:AfterOneYear 2017-12-31 01102361 core:AfterOneYear 2016-12-31 01102361 core:AfterOneYear 2017-01-01 2017-12-31 01102361 core:ShareCapital 2017-12-31 01102361 core:ShareCapital 2016-12-31 01102361 core:RevaluationReserve 2017-12-31 01102361 core:RevaluationReserve 2016-12-31 01102361 core:RetainedEarningsAccumulatedLosses 2017-12-31 01102361 core:RetainedEarningsAccumulatedLosses 2016-12-31 01102361 1 2017-01-01 2017-12-31

Company Registration Number:
01102361 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2017

Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

Contents of the Financial Statements

for the Period Ended 31 December 2017


Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 8

Directors' Report Period Ended 31 December 2017

The directors present their report with the financial statements of the company for the period ended 31 December 2017

Principal Activities

The principle business of the company is Design and Manufacture of Sails, Awnings and Canvas Goods for the Marine and Leisure markets. All turnover was carried out in the UK for retail purposes.

Directors

The directors shown below have held office during the whole of the period from 01 January 2017 to 31 December 2017
Peter Lucas

Secretary
J J Thornback

This report was approved by the board of directors on 14 September 2018
And Signed On Behalf Of The Board By:

Name: Peter Lucas
Status: Director

Balance sheet

As at 31 December 2017

	Notes	2017 £	2016 £
Fixed assets
Tangible assets:	3	8,241	8,241
Total fixed assets:		8,241	8,241
Current assets
Stocks:		17,449	11,623
Debtors:	4	6,494	1,776
Cash at bank and in hand:		4,550	21,024
Total current assets:		28,493	34,423
Creditors: amounts falling due within one year:	5	( 3,089 )
Net current assets (liabilities):		25,404	34,423
Total assets less current liabilities:		33,645	42,664
Creditors: amounts falling due after more than one year:	6	( 45,065 )	( 45,065 )
Provision for liabilities:		( 422 )	( 421 )
Total net assets (liabilities):		( 11,842 )	( 2,822 )

The notes form part of these financial statements

Balance sheet continued

As at 31 December 2017

	2017 £	2016 £
Capital and reserves
Called up share capital:	60,500	60,500
Profit and loss account:	( 72,342 )	( 63,322 )
Shareholders funds:	( 11,842 )	( 2,822 )

For the year ending 31 December 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 14 September 2018
And Signed On Behalf Of The Board By:

Name: Peter Lucas
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2017

1. Accounting policies

Basis of measurement and preparation

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

Turnover policy

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Valuation information and policy

Stock is valued at the lower of cost and net realisible value.

Other accounting policies

Other Creditors represents a loan to the company other than the bank.

Notes to the Financial Statements

for the Period Ended 31 December 2017

3. Tangible Assets

	Total
Cost	£
At 01 January 2017	8,241
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2017	8,241
Depreciation
At 01 January 2017	-
Charge for year	-
On disposals	-
Other adjustments	-
At 31 December 2017	-
Net book value
At 31 December 2017	8,241
At 31 December 2016	8,241

Plant and Machinery Year to Date £7860
Furniture and Fixtures Year to Date £381
No Depreciation

Notes to the Financial Statements

for the Period Ended 31 December 2017

4. Debtors

Short Term Debtors recoverable early 2018

Notes to the Financial Statements

for the Period Ended 31 December 2017

5. Creditors: amounts falling due within one year note

Short Term Creditors paid early 2018

Notes to the Financial Statements

for the Period Ended 31 December 2017

6. Creditors: amounts falling due after more than one year note

Other Creditors: amounts falling due more than one year represents a loan to the company other than the bank.

Director:		Peter Lucas


Secretary:		J J Thornback


Registered office:		Portchester House Hospital Lane Portchester Fareham Hampshire England PO16 9QP


Company Registration Number:		01102361 (England and Wales)

Accounts Submission