Citu Low Fold Leeds Ltd
Notes to the Financial Statements
For the year ended 31 December 2019
Citu Low Fold Leeds Ltd is a private company limited by shares incorporated in England and Wales, registered number 09300752. The registered office is Workspace 9, Citu, Beeston Road, Leeds, LS11 6AD.
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Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
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The reporting period is 12 months to 31 December 2019. The comparative figures relate to a 5 month period to 31 December 2018. Therefore, the comparative figures are not wholly comparable to the new period.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The following principal accounting policies have been applied:
At the balance sheet date, the company had net liabilities of £781,746
(2018 - £166,576)
. The accounts have been prepared on a going concern basis as the directors of the ultimate parent company have confirmed continued support for the foreseeable future.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and loans to and from related parties.
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The company has no employees other than the directors whose remuneration is paid by another group company.
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The average monthly number of employees, including directors, during the year was
1
(2018 -
1
)
.
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Amounts owed by connected companies
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