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Unaudited Financial Statements for the Year Ended 31 December 2017 |
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Lambert and Flanagan Limited |
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Unaudited Financial Statements for the Year Ended 31 December 2017 |
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for |
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Lambert and Flanagan Limited |
Lambert and Flanagan Limited (Registered number: 06439862) |
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Contents of the Financial Statements |
for the Year Ended 31 December 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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Report of the Accountants | 8 |
Lambert and Flanagan Limited |
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Company Information |
for the Year Ended 31 December 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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25 Broadlands |
Bramley |
Rotherham |
S66 1WD |
Lambert and Flanagan Limited (Registered number: 06439862) |
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Balance Sheet |
31 December 2017 |
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31.12.17 | 31.12.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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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: |
(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. |
Lambert and Flanagan Limited (Registered number: 06439862) |
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Balance Sheet - continued |
31 December 2017 |
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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 Board of Directors on
signed on its behalf by: |
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Lambert and Flanagan Limited (Registered number: 06439862) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2017 |
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1. | STATUTORY INFORMATION |
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Lambert and Flanagan Limited is a
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and Wales. The company's registered number and registered office address can be found on |
the Company Information page. |
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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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Goodwill |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are |
measured at cost less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Office equipment | - |
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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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Lambert and Flanagan Limited (Registered number: 06439862) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
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2. | ACCOUNTING POLICIES - continued |
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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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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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
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COST |
At 1 January 2017 |
and 31 December 2017 |
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AMORTISATION |
At 1 January 2017 |
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Charge for year |
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At 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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At 31 December 2016 |
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Lambert and Flanagan Limited (Registered number: 06439862) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 January 2017 |
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Additions |
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Disposals | ( |
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At 31 December 2017 |
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DEPRECIATION |
At 1 January 2017 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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At 31 December 2016 |
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6. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Trade debtors |
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Other debtors |
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7. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Taxation and social security |
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Other creditors |
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Lambert and Flanagan Limited (Registered number: 06439862) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
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8. | DIRECTORS LOAN ACCOUNT |
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The following advances and credits to a director subsisted during the years ended |
31 December 2017 and 31 December 2016: |
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31.12.17 | 31.12.16 |
£ | £ |
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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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The overdrawn directors loan was repaid in full in April 2018. |
Lambert and Flanagan Limited |
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Report of the Accountants to the Directors of |
Lambert and Flanagan Limited |
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The following reproduces the text of the report prepared for the directors and members in |
respect of the company's annual unaudited financial statements. In accordance with the |
Companies Act 2006, the company is only required to file a Balance Sheet. Readers are |
cautioned that the Income Statement and certain other primary statements and the Report of |
the Directors are not required to be filed with the Registrar of Companies. |
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In accordance with our terms of engagement and in order to assist you to fulfil your duties under the |
Companies Act 2006, we have compiled the financial statements of the company for the period |
ended 31 December 2017 which comprise the Profit and Loss Account, the Balance Sheet and the |
related notes from the accounting records and information and explanations you have given to us. |
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This report is made to the company's director, in accordance with the terms of our engagement. Our |
work has been undertaken so that we might compile the financial statements that we have been |
engaged to compile, report to the company's director that we have done so, and state those matters |
that we have agreed to state to him in this report and for no other purpose. To the fullest extent |
permitted by law, we do not accept or assume responsibility to anyone other than the company and |
the company's director, for our work or for this report. |
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You have acknowledged on the Balance Sheet as at 31 December 2017 your duty to ensure that the |
company has kept proper accounting records and to prepare financial statements that give a true and |
fair view under the Companies Act 2006. You consider that the company is exempt from the |
statutory requirement for an audit for the period. |
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We have not been instructed to carry out an audit of the financial statements. For this reason, we |
have not verified the accuracy or completeness of the accounting records or information and |
explanations you have given to us and we do not, therefore, express any opinion on the financial |
statements. |
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25 Broadlands |
Bramley |
Rotherham |
S66 1WD |
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Date: ............................................. |