Company Registration No. 03315576 (England and Wales)
LAVECO LTD.
Unaudited accounts
for the year ended 28 February 2017
LAVECO LTD.
Unaudited accounts
Contents
LAVECO LTD.
Company Information
for the year ended 28 February 2017
Company Number
03315576 (England and Wales)
Registered Office
THIRD FLOOR
BLACKWELL HOUSE, GUILDHALL YARD
LONDON
EC2V 5AE
Accountants
Eurofirma Ltd
59 Devons Road
London
E3 3DW
LAVECO LTD.
Statement of financial position
as at
28 February 2017
Cash at bank and in hand
3,899
6,923
Creditors: amounts falling due within one year
(2,746)
(5,989)
Net current assets
3,157
5,129
Called up share capital
2,000
2,000
Profit and loss account
1,157
3,129
Shareholders' funds
3,157
5,129
For the year ending 28 February 2017 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 his 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 30 November 2017.
Laszlo VARADI
Director
Company Registration No. 03315576
LAVECO LTD.
Notes to the Accounts
for the year ended 28 February 2017
LAVECO LTD. is a private company, limited by shares, registered in England and Wales, registration number 03315576. The registered office is THIRD FLOOR, BLACKWELL HOUSE, GUILDHALL YARD, LONDON, EC2V 5AE.
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.
These financial statements for the year ended 28 February 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18% on reduce cost
4
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
LAVECO LTD.
Notes to the Accounts
for the year ended 28 February 2017
Accrued income and prepayments
2,000
1,980
6
Creditors: amounts falling due within one year
2017
2016
Trade creditors
1,070
16,149
Taxes and social security
782
782
Loans from directors
3,446
(11,937)
7
Share capital
2017
2016
Allotted, called up and fully paid:
2,000 Ordinary shares of £1 each
2,000
2,000
8
Average number of employees
During the year the average number of employees was 0 (2016: 0).