Registered Number
:
06861884
|
For the year ended 30 April 2018
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2018
Lancar Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Lancar Limited
Statement of Financial Position
2017
2018
Property
,
plant and equipment
|
159,260
139,844
2
159,260
139,844
21,716
22,346
3
Trade and other receivables
|
58,222
28,614
4
27,642
Cash and cash equivalents
|
8,133
59,093
107,580
Trade and other payables
:
amounts falling due within one year
|
(125,218)
(111,222)
5
(17,638)
(52,129)
Net current liabilities
Total assets less current liabilities
|
107,131
122,206
Trade and other payables
:
amounts falling due after more than one year
|
(75,051)
(97,159)
6
9,972
Net assets
47,155
2
2
9,970
47,153
9,972
47,155
Shareholders' funds
For the year ended 30 April 2018 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 2018 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 13 June 2018 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 30 April 2018
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 4
For the year ended 30 April 2018
Lancar Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Fixtures and fittings
Land and buildings
250,272
7,763
99,474
102,859
40,176
24,699
-
-
24,699
-
127,558
99,474
7,763
274,971
40,176
Provision for depreciation and impairment
|
110,428
7,763
53,871
29,449
19,345
Charge for year
5,283
-
1,498
2,563
1,222
115,711
7,763
55,369
32,012
20,567
19,609
95,546
44,105
-
159,260
20,831
73,410
45,603
-
139,844
2017
2018
22,346
21,716
4
.
Trade and other receivables
|
2017
2018
692
22,716
27,922
35,506
58,222
28,614
5
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
15,035
6,931
45,970
40,958
Taxation and social security
|
26,597
48,112
23,620
29,217
111,222
125,218
3 of 4
For the year ended 30 April 2018
Lancar Limited
Notes to the Financial Statements Continued
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2017
2018
97,159
75,051
4 of 4