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Unaudited Financial Statements for the Year Ended 31 October 2017 |
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IAN LLOYD LTD |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 October 2017 |
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for |
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IAN LLOYD LTD |
IAN LLOYD LTD (REGISTERED NUMBER: 05542342) |
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Contents of the Financial Statements |
for the year ended 31 October 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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IAN LLOYD LTD |
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Company Information |
for the year ended 31 October 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
The Commercial Centre |
6 Green End |
Comberton |
Cambridge |
CB23 7DY |
IAN LLOYD LTD (REGISTERED NUMBER: 05542342) |
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Balance Sheet |
31 October 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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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. |
IAN LLOYD LTD (REGISTERED NUMBER: 05542342) |
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Balance Sheet - continued |
31 October 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors on
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IAN LLOYD LTD (REGISTERED NUMBER: 05542342) |
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Notes to the Financial Statements |
for the year ended 31 October 2017 |
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1. | STATUTORY INFORMATION |
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Ian Lloyd Ltd is a
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and registered office address can be found on the Company Information page. |
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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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Revenue recognition |
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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Revenue from services is recognised when those services are performed. |
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Tangible fixed assets |
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Office equipment and fittings | - |
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At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there |
is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of |
an asset is estimated in order to determine the extent of the impairment loss, if any. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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IAN LLOYD LTD (REGISTERED NUMBER: 05542342) |
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Notes to the Financial Statements - continued |
for the year ended 31 October 2017 |
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4. | TANGIBLE FIXED ASSETS |
Office |
equipment |
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fittings |
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COST |
At 1 November 2016 |
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Additions |
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Disposals | ( |
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At 31 October 2017 |
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DEPRECIATION |
At 1 November 2016 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 October 2017 |
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NET BOOK VALUE |
At 31 October 2017 |
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At 31 October 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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Social security |
and other taxes | - | 782 |
Directors' loan account | 21,047 | 37,098 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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IAN LLOYD LTD (REGISTERED NUMBER: 05542342) |
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Notes to the Financial Statements - continued |
for the year ended 31 October 2017 |
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7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 31 October 2017 and 31 October 2016: |
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2017 | 2016 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Interest on the above loan of £2,404 (2016 £2,442) was charged at a rate of 2.7% (2016 3%). |