Company Registration No. 09523063 (England and Wales)
Erlang Ltd
Unaudited accounts
for the year ended 30 April 2018
Erlang Ltd
Unaudited accounts
Contents
Erlang Ltd
Company Information
for the year ended 30 April 2018
Director
Aidel Malka Erlanger
Company Number
09523063 (England and Wales)
Registered Office
30 CASTLEWOOD ROAD
LONDON
N16 6DW
ENGLAND
Erlang Ltd
Statement of financial position
as at 30 April 2018
Investment property
600,000
600,000
Cash at bank and in hand
792
1,192
Creditors: amounts falling due within one year
(247,531)
(247,574)
Net current liabilities
(244,665)
(246,382)
Total assets less current liabilities
355,335
353,618
Creditors: amounts falling due after more than one year
(174,346)
(179,841)
Provisions for liabilities
Deferred tax
(24,868)
(27,266)
Net assets
156,121
146,511
Called up share capital
2
2
Profit and loss account
156,119
146,509
Shareholders' funds
156,121
146,511
For the year ending 30 April 2018 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 17 January 2019.
Aidel Malka Erlanger
Director
Company Registration No. 09523063
Erlang Ltd
Notes to the Accounts
for the year ended 30 April 2018
Erlang Ltd is a private company, limited by shares, registered in England and Wales, registration number 09523063. The registered office is 30 CASTLEWOOD ROAD, LONDON, N16 6DW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 May 2017
600,000
Erlang Ltd
Notes to the Accounts
for the year ended 30 April 2018
6
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
1,034
-
Other creditors
245,957
243,484
7
Creditors: amounts falling due after more than one year
2018
2017
Bank loans
174,346
179,841
8
Deferred taxation
2018
2017
Revaluation of investment property
24,868
27,266
Provision at start of year
27,266
-
(Credited)/charged to the profit and loss account
(2,398)
27,266
Provision at end of year
24,868
27,266
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Average number of employees
During the year the average number of employees was 0 (2017: 0).
