Company Registration No. 8773009 (England and Wales)
LB. AV LONDON LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
LB. AV LONDON LIMITED
CONTENTS
Page
Directors' report
1
Profit and loss account
2
Balance sheet
3
Notes to the financial statements
4 - 5
The following pages do not form part of the statutory accounts:
Detailed trading and profit and loss account
6 - 7
LB. AV LONDON LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 1 -
The directors present their annual report and financial statements for the year ended 30 November 2016.
Principal activities
The principal activity of the company continued to be that of Audio Visual Installation.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
L Byde
S L Coker
Results and dividends
Ordinary dividends were paid amounting to £19,900.
Directors' interests
The directors' interests in the shares of the company were as stated below:
Ordinary shares of £1 each
30 November 2016
L Byde
1
-
S L Coker
1
-
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
L Byde
Director
9 August 2017
LB. AV LONDON LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 2 -
2016
Notes
£
Turnover
85,292
Cost of sales
(34,723)
Gross profit
50,569
Administrative expenses
(25,743)
Profit before taxation
24,826
Taxation
(4,965)
Profit for the financial year
19,861
LB. AV LONDON LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 3 -
2016
Notes
£
£
Current assets
Cash at bank and in hand
5,757
Creditors: amounts falling due within one year
2
(5,705)
Net current assets
52
Capital and reserves
Called up share capital
3
2
Profit and loss reserves
50
Total equity
52
For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Directors' responsibilities: • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 9 August 2017 and are signed on its behalf by:
L Byde
Director
Company Registration No. 8773009
LB. AV LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 4 -
1
Accounting policies
Company information
LB. AV London Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
8 Stanford Close, Ruislip, Middlesex, HA4 7RP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes . The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2
Creditors: amounts falling due within one year
2016
£
Corporation tax
4,965
Other creditors
740
5,705
LB. AV LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 5 -
3
Called up share capital
2016
£
Ordinary share capital
Authorised
100 Ordinary shares of £1 each
100
100
Issued and fully paid
2 Ordinary shares of £1 each
2
Authorised
-
LB. AV LONDON LIMITED
DETAILED TRADING AND PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 6 -
2016
£
£
Turnover
Sales
85,292
Cost of sales
Materials
3,168
Subcontracted services
31,370
Waste disposal
185
(34,723)
Gross profit
50,569
Administrative expenses
(25,743)
Operating profit
24,826
LB. AV LONDON LIMITED
SCHEDULE OF ADMINISTRATIVE EXPENSES
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 7 -
2016
£
Administrative expenses
Directors' remuneration
16,080
Office rent
600
Computer and internet services
268
Motor expenses
5,424
Travel and accomodation expenses
772
Accountancy
720
Bank charges
318
Printing and stationery
239
Telephone
315
Mobile telephone
974
Sundry expenses
33
25,743