Luggage On Line Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05293299 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

LUGGAGE ON LINE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Housego

SECRETARY:

J M Housego

REGISTERED OFFICE:

122 Bluehouse Lane

OXTED

Surrey

RH8 0AR

REGISTERED NUMBER:

05293299 (England and Wales)

ACCOUNTANTS:

McKenzies

Chartered Accountants

2 Station Road West

Oxted

Surrey

RH8 9EP

FIXED ASSETS

Tangible assets

4

511

129

CURRENT ASSETS

Debtors

368

2,194

Cash at bank

16,486

18,287

16,854

20,481

CREDITORS

Amounts falling due within one year

16,032

20,535

NET CURRENT ASSETS/(LIABILITIES)

822

(54

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,333

75

PROVISIONS FOR LIABILITIES

97

26

NET ASSETS

1,236

49

CAPITAL AND RESERVES

Called up share capital

20

20

Capital redemption reserve

1

1

Retained earnings

1,215

28

SHAREHOLDERS' FUNDS

1,236

49

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 March 2018 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 director on 18 December 2018 and were signed by:

J Housego - Director

1.	STATUTORY INFORMATION

Luggage On Line 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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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.

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 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

545

Additions

718

At 31 March 2018

1,263

DEPRECIATION

At 1 April 2017

416

Charge for year

336

At 31 March 2018

752

NET BOOK VALUE

At 31 March 2018

511

At 31 March 2017

129

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018 and

31 March 2017:

2018

2017

£

£

J Housego

Balance outstanding at start of year

1,827

3,863

Amounts advanced

5,154

5,818

Amounts repaid

(7,337

)

(7,854

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(356

)

1,827

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £37,400 (2017 - £39,290) were paid to the director .

7.	ULTIMATE CONTROLLING PARTY