Lacunar Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07513503 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2017 TO 30 JUNE 2018

FOR

LACUNAR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S Collins

Mr L Z Lawrence

REGISTERED OFFICE:

Prospero House

46-48 Rothesay Road

Luton

Bedfordshire

LU1 1QZ

REGISTERED NUMBER:

07513503 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

Prospero House

46-48 Rothesay Road

Luton

Bedfordshire

LU1 1QZ

FIXED ASSETS

Tangible assets

4

7,855

10,499

Investments

5

-

100

7,855

10,599

CURRENT ASSETS

Debtors

6

554,738

491,198

Cash at bank

116,709

168,829

671,447

660,027

CREDITORS

Amounts falling due within one year

7

371,124

423,244

NET CURRENT ASSETS

300,323

236,783

TOTAL ASSETS LESS CURRENT LIABILITIES

308,178

247,382

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

307,178

246,382

SHAREHOLDERS' FUNDS

308,178

247,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2018 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.

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

The financial statements were approved by the Board of Directors on 18 January 2019 and were signed on its behalf by:

Mr L Z Lawrence - Director

1.	STATUTORY INFORMATION

Lacunar 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period 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 period 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 period was 5 (2017 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2017

3,799

33,541

37,340

Additions

-

710

710

At 30 June 2018

3,799

34,251

38,050

DEPRECIATION

At 1 April 2017

1,710

25,131

26,841

Charge for period

314

3,040

3,354

At 30 June 2018

2,024

28,171

30,195

NET BOOK VALUE

At 30 June 2018

1,775

6,080

7,855

At 31 March 2017

2,089

8,410

10,499

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2017

100

Disposals

(100

)

At 30 June 2018

-

NET BOOK VALUE

At 30 June 2018

-

At 31 March 2017

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

280,930

12,845

Amounts owed by group undertakings

-

195,150

Amounts recoverable on contract

3,870

266,170

Other debtors

265,550

12,631

Prepayments and accrued income

4,388

4,402

554,738

491,198

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

301,511

329,786

Corporation tax

36,626

11,491

Taxation and social security

6,470

23,160

VAT

23,980

53,637

Other creditors

350

2,980

Directors' loan accounts

497

597

Accrued expenses

1,690

1,593

371,124

423,244

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

6,585

6,581

Between one and five years

3,930

10,515

10,515

17,096

9.	SECURED DEBTS

There is a fixed and floating charge. The floating charge covers all the property or undertaking of the company.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their ownership of 100% of the issued share capital of the

Parent company, Lacunar Group Holdings Limited.