Company Registration No. 09099743 (England and Wales)
London International Commerce Ltd
Unaudited accounts
for the year ended 30 June 2019
London International Commerce Ltd
Unaudited accounts
Contents
London International Commerce Ltd
Company Information
for the year ended 30 June 2019
Company Number
09099743 (England and Wales)
Registered Office
20-22 Wenlock Road
London
N1 7GU
Accountants
Wellington Consulting Ltd
Fairview
St Owens Cross
Hereford
Herefordshire
HR2 8LG
London International Commerce Ltd
Statement of financial position
as at
30 June 2019
Cash at bank and in hand
852
13,385
Creditors: amounts falling due within one year
(22,746)
(27,515)
Net current liabilities
(21,774)
(13,905)
Net liabilities
(21,774)
(13,905)
Called up share capital
1
1
Profit and loss account
(21,775)
(13,906)
Shareholders' funds
(21,774)
(13,905)
For the year ending 30 June 2019 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 his 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.
The financial statements were approved by the Board and authorised for issue on 30 June 2020 and were signed on its behalf by
Michael Veazey
Director
Company Registration No. 09099743
London International Commerce Ltd
Notes to the Accounts
for the year ended 30 June 2019
London International Commerce Ltd is a private company, limited by shares, registered in England and Wales, registration number 09099743. The registered office is 20-22 Wenlock Road, London, N1 7GU.
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.
Stock is 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.
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 at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
5
Creditors: amounts falling due within one year
2019
2018
Loans from directors
21,846
26,915
The director is not expecting to seek repayment of the loan until the company has sufficient funds.
London International Commerce Ltd
Notes to the Accounts
for the year ended 30 June 2019
6
Share capital
2019
2018
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Average number of employees
During the year the average number of employees was 1 (2018: 1).