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REGISTERED NUMBER:
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2018 |
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LARGAM LIMITED |
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REGISTERED NUMBER:
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2018 |
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FOR |
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LARGAM LIMITED |
LARGAM LIMITED (REGISTERED NUMBER: 03044851) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2018 |
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Page |
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Abridged Balance Sheet | 1 |
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Notes to the Financial Statements | 3 |
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LARGAM LIMITED (REGISTERED NUMBER: 03044851) |
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ABRIDGED BALANCE SHEET |
31ST MARCH 2018 |
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31.3.18 | 31.3.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than
one year |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
LARGAM LIMITED (REGISTERED NUMBER: 03044851) |
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ABRIDGED BALANCE SHEET - continued |
31ST MARCH 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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LARGAM LIMITED (REGISTERED NUMBER: 03044851) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2018 |
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1. | STATUTORY INFORMATION |
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Largam Limited is a
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company's registered number and registered office address are as below: |
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Registered number: | 03044851 |
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Registered office: | The Foundry |
9 Park Lane |
Puckeridge |
Ware |
Hertfordshire |
SG11 1RL |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery | - |
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The company has not adopted the policy of capitalising borrowing costs that are directly attributable |
to the acquisition of a qualifying asset as part of the cost of that asset. All borrowing costs are |
recognised as an expense in the profit and loss account in the period in which they are incurred. |
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Financial instruments |
The company only has financial assets and liabilities of a kind that qualify as basic financial |
instruments. Basic financial instruments are initially as transaction value and subsequently measured |
at their settlement value. The company has no bank loans or other more complex financial |
instruments that require measurement at amortised cost using the effective interest method. |
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LARGAM LIMITED (REGISTERED NUMBER: 03044851) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2018 |
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2. | ACCOUNTING POLICIES - continued |
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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the balance sheet date. |
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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. |
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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. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling |
at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate |
of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving |
at the operating result. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. |
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those |
held under finance leases are depreciated over their estimated useful lives or the lease term, |
whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The |
capital element of the future payments is treated as a liability. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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LARGAM LIMITED (REGISTERED NUMBER: 03044851) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2018 |
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st April 2017 |
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Additions |
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At 31st March 2018 |
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DEPRECIATION |
At 1st April 2017 |
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Charge for year |
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At 31st March 2018 |
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NET BOOK VALUE |
At 31st March 2018 |
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At 31st March 2017 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
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Totals |
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COST |
At 1st April 2017 |
and 31st March 2018 | 94,583 |
DEPRECIATION |
At 1st April 2017 | 18,322 |
Charge for year | 13,996 |
At 31st March 2018 | 32,318 |
NET BOOK VALUE |
At 31st March 2018 | 62,265 |
At 31st March 2017 | 76,261 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.18 | 31.3.17 |
value: | £ | £ |
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Ordinary | £1 | 2 | 2 |
LARGAM LIMITED (REGISTERED NUMBER: 03044851) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2018 |
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6. | RELATED PARTY DISCLOSURES |
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During the period the company traded with Loc Rail SARL a French company that is controlled by Mr |
M L Mildwater. The amount owed by Loc Rail SARL at the balance sheet date was £12,420 (2017: |
£13,308). |
The company has made a loan of £34,000 to Agilis Holdings Limited which was all outstanding at the |
balance sheet date. Mr M L Mildwater is a director of Agilis Holdings Limited. This loan is interest |
free. |
The company has made a loan of £14,704 to Railway Drainage Limited which was all outstanding at |
the balance sheet date. Mr M L Mildwater is a director of Railway Drainage Limited. Interest is |
payable at 3.0% above base rate. |
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7. | ULTIMATE CONTROLLING PARTY |
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The controlling party is M L Mildwater. |
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The ultimate controlling party is
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