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Unaudited Financial Statements for the Year Ended 31 January 2018 |
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Luffships Limited |
formerly Skylifter LTD |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 January 2018 |
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for |
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Luffships Limited |
formerly Skylifter LTD |
Luffships Limited |
formerly Skylifter LTD (Registered number: 07140078) |
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Contents of the Financial Statements |
for the Year Ended 31 January 2018 |
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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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Luffships Limited |
formerly Skylifter LTD |
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Company Information |
for the Year Ended 31 January 2018 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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15 New Street |
Stourport |
Worcestershire |
DY13 8UW |
Luffships Limited |
formerly Skylifter LTD (Registered number: 07140078) |
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Balance Sheet |
31 January 2018 |
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31.1.18 | 31.1.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Stocks | 4 |
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Debtors | 5 |
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Cash in hand |
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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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( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | 7 | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his 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. |
Luffships Limited |
formerly Skylifter LTD (Registered number: 07140078) |
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Balance Sheet - continued |
31 January 2018 |
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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 director on
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Luffships Limited |
formerly Skylifter LTD (Registered number: 07140078) |
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Notes to the Financial Statements |
for the Year Ended 31 January 2018 |
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1. | STATUTORY INFORMATION |
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Luffships Limited formerly Skylifter LTD is a
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England and Wales. The company's registered number and registered office address can be found on |
the Company Information page. |
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The Company changed it's name from Skylifter Ltd to Luffships Ltd on 29th March 2018. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Tangible fixed assets |
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Computer Equipment - 25% (straight line) |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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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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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. |
Luffships Limited |
formerly Skylifter LTD (Registered number: 07140078) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Financial support |
The company is dependent upon a loan from the director, who has indicated that he will continue to |
provide the financial support necessary to enable the company to continue in operational existence for |
the foreseeable future. Accordingly, these financial statements have been prepared on the going |
concern basis. |
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3. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
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At 31 January 2018 |
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DEPRECIATION |
Charge for year |
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At 31 January 2018 |
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NET BOOK VALUE |
At 31 January 2018 |
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4. | STOCKS |
31.1.18 | 31.1.17 |
£ | £ |
Stocks |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.18 | 31.1.17 |
£ | £ |
VAT |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.18 | 31.1.17 |
£ | £ |
Trade creditors |
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Director's Loan Account |
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Accrued expenses |
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Luffships Limited |
formerly Skylifter LTD (Registered number: 07140078) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2018 |
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7. | RESERVES |
Retained |
earnings |
£ |
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At 1 February 2017 | ( |
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Deficit for the year | ( |
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At 31 January 2018 | ( |
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8. | RELATED PARTY DISCLOSURES |
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J Fitton |
A director and shareholder |
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The company is controlled by Mr J Fitton. |
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2018 | 2017 |
£ | £ |
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Amounts due to the director at the balance sheet date | 23,605 | 17,539 |