Lexfield Technology Limited
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Registered number: |
08219812
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Directors' Report |
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The directors present their report and accounts for the year ended 31 December 2014. |
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Principal activities |
The company's principal activity during the year continued to be that of an administrative agent in the field of design projects for automotive, hydraulic and mechanical sectors. The company was incorporated on 19th September 2012 and began trading on 1st January 2014.
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Directors |
The following persons served as directors during the year: |
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Andrew Gilfillan (Appointed 24/04/2014 - Resigned 01/08/2014)
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Ben Bateson (Appointed 01/08/2014)
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Versos Directors Limited (Appointed 24/04/2014)
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Barbara Kahan (Appointed 19/09/2012 - Resigned 24/04/2014)
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Small company provisions |
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
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This report was approved by the board on 11 September 2015 and signed on its behalf. |
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Ben Bateson |
Director |
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Lexfield Technology Limited
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Balance Sheet |
as at 31 December 2014
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Notes |
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2014 |
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2013 |
€ |
€ |
Current assets |
Debtors |
3 |
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104,816 |
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1 |
Cash at bank and in hand |
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16,753 |
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- |
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121,569 |
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1 |
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Creditors: amounts falling due within one year |
4 |
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(116,225) |
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- |
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Net current assets |
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5,344 |
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1 |
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Net assets |
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5,344 |
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1 |
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Capital and reserves |
Called up share capital |
5 |
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1 |
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1 |
Profit and loss account |
6 |
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5,343 |
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- |
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Shareholder's funds |
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5,344 |
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1 |
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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Ben Bateson |
Director |
Approved by the board on 11 September 2015
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Lexfield Technology Limited
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Notes to the Accounts |
for the year ended 31 December 2014
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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Foreign currencies |
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Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into Euros at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
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2 |
Taxation |
2014 |
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2013 |
€ |
€ |
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UK corporation tax |
2,832 |
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- |
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3 |
Debtors |
2014 |
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2013 |
€ |
€ |
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Trade debtors |
98,150 |
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- |
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Other debtors |
6,666 |
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1 |
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104,816 |
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1 |
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4 |
Creditors: amounts falling due within one year |
2014 |
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2013 |
€ |
€ |
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Corporation tax |
2,832 |
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- |
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Other creditors |
113,393 |
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- |
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116,225 |
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- |
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5 |
Share capital |
Nominal |
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2014 |
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2014 |
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2013 |
value |
Number |
€ |
€ |
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Allotted, called up and fully paid: |
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Ordinary shares
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£1 each |
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1 |
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1 |
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1 |
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6 |
Profit and loss account |
2014 |
€ |
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Profit for the year |
5,343 |
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At 31 December 2014 |
5,343 |
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7 |
Related party transactions |
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The following balance existed with related parties at 31 December 2014: a) Loan from shareholder - €24,998 (2013: €Nil) |
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8 |
Ultimate controlling party |
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The directors are aware of the ultimate controlling party. However, they are under a duty of confidentiality that prevents them from disclosing certain information otherwise required by Financial Reporting Standard 8. Therefore they have taken the exemption offered by the standard in respect of confidentiality.
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