Registered Number
:
06861884
|
For the year ended 30 April 2017
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2017
Lancar Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Lancar Limited
Statement of Financial Position
2016
2017
Property
,
plant and equipment
|
139,844
131,323
2
139,844
131,323
21,716
21,716
Trade and other receivables
|
50,081
58,222
3
8,331
Cash and cash equivalents
|
27,642
107,580
80,128
Trade and other payables
:
amounts falling due within one year
|
(66,704)
(125,218)
4
13,424
(17,638)
Net current liabilities
Total assets less current liabilities
|
122,206
144,747
Trade and other payables
:
amounts falling due after more than one year
|
(88,665)
(75,051)
5
47,155
Net assets
56,082
2
2
47,153
56,080
47,155
56,082
Shareholders' funds
For the year ended 30 April 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 of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
|
These financial statements were approved and authorised for issue by the Board on 28 January 2017 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 30 April 2017
Lancar Limited
Notes to the Financial Statements
Statutory Information
Lancar Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
06861884
.
|
Horizon House
Sheffield
S8 9QR
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial Reporting Standard
102
'
The
|
Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the Companies Act
2006
.
The financial statements have
|
been prepared under the historical costs convention as modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Computer equipment
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 3
For the year ended 30 April 2017
Lancar Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Fixtures and fittings
Land and buildings
206,789
7,763
90,563
68,287
40,176
43,483
-
8,911
34,572
-
102,859
99,474
7,763
250,272
40,176
Provision for depreciation and impairment
|
75,466
7,763
36,677
16,889
14,137
Charge for year
34,962
-
17,194
12,560
5,208
110,428
7,763
53,871
29,449
19,345
20,831
73,410
45,603
-
139,844
26,039
51,398
53,886
-
131,323
3
.
Trade and other receivables
|
2016
2017
22,716
15,117
35,506
34,964
50,081
58,222
4
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
6,931
12,430
40,958
35,115
Taxation and social security
|
48,112
12,759
29,217
6,400
125,218
66,704
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2016
2017
75,051
88,665
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