Company Registration No. 07255148 (England and Wales)
Lindsay of Liphook Ltd
Unaudited accounts
for the year ended 31 May 2018
Lindsay of Liphook Ltd
Unaudited accounts
Contents
Lindsay of Liphook Ltd
Company Information
for the year ended 31 May 2018
Secretary
Clint William Trigg
Company Number
07255148 (England and Wales)
Registered Office
18 Liss Business Centre
Station Road
Liss
Hampshire
GU33 7AW
Accountants
Mad About Book-Keeping Limited
The Parade
Petersfield Road
Whitehill
Hampshire
GU35 9AR
Lindsay of Liphook Ltd
Statement of financial position
as at
31 May 2018
Tangible assets
20,516
26,040
Inventories
13,934
14,454
Cash at bank and in hand
8,663
9,289
Creditors: amounts falling due within one year
(12,108)
(17,872)
Net current assets
15,533
11,492
Total assets less current liabilities
36,049
37,532
Provisions for liabilities
Deferred tax
(3,898)
(5,208)
Called up share capital
100
100
Profit and loss account
32,051
32,224
Shareholders' funds
32,151
32,324
For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 6 February 2019.
Joanne Lindsay
Director
Company Registration No. 07255148
Lindsay of Liphook Ltd
Notes to the Accounts
for the year ended 31 May 2018
Lindsay of Liphook Ltd is a private company, limited by shares, registered in England and Wales, registration number 07255148. The registered office is 18 Liss Business Centre, Station Road, Liss, Hampshire, GU33 7AW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight line
Computer equipment
33% Straight line
Stocks and work-in-progress 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 expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Lindsay of Liphook Ltd
Notes to the Accounts
for the year ended 31 May 2018
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2017
30,993
1,651
32,644
Additions
326
1,348
1,674
At 31 May 2018
31,319
2,999
34,318
At 1 June 2017
6,119
485
6,604
Charge for the year
6,264
934
7,198
At 31 May 2018
12,383
1,419
13,802
At 31 May 2018
18,936
1,580
20,516
At 31 May 2017
24,874
1,166
26,040
Finished goods
13,934
14,454
Accrued income and prepayments
1,001
-
7
Creditors: amounts falling due within one year
2018
2017
Trade creditors
4,913
8,990
Taxes and social security
6,425
8,900
Loans from directors
10
(18)
8
Share capital
2018
2017
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 1 (2017: 1).