Company Registration No. 05524790 (England and Wales)
LEX FORT LIMITED
Abbreviated unaudited accounts
for the year ended 31 August 2016
LEX FORT LIMITED
Abbreviated Balance Sheet
as at
31 August 2016
Tangible assets
357,489
357,576
Cash at bank and in hand
1,909
2,995
Creditors: amounts falling due within one year
(65,832)
(60,667)
Net current liabilities
(59,033)
(54,832)
Total assets less current liabilities
298,456
302,744
Creditors: amounts falling due after more than one year
(360,582)
(361,352)
Provisions for liabilities
(52)
(17)
Net liabilities
(62,178)
(58,625)
Called up share capital
1,000
1,000
Profit and loss account
(63,178)
(59,625)
Total shareholders' funds
(62,178)
(58,625)
For the year ending 31 August 2016 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 24 April 2017
PETER HORNSEY
Director
Company Registration No. 05524790
LEX FORT LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 August 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover represents the gross rental income received by the company.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
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 is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
At 1 September 2015
360,410
At 31 August 2016
360,410
At 1 September 2015
2,834
At 31 August 2016
357,489
At 31 August 2015
357,576
3
Share capital
2016
2015
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000