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2017-03-01
Sage Accounts Production Advanced 2018 - FRS
2,503
18,942
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iso4217:GBP
09457909
2017-03-01
2018-02-28
09457909
2018-02-28
09457909
2016-02-29
2017-02-28
09457909
2017-02-28
09457909
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2017-03-01
2018-02-28
09457909
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2017-03-01
2018-02-28
09457909
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2017-03-01
2018-02-28
09457909
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2018-02-28
09457909
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2017-02-28
09457909
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2017-02-28
09457909
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2018-02-28
09457909
core:RetainedEarningsAccumulatedLosses
2017-02-28
09457909
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2018-02-28
09457909
core:ShareCapital
2017-02-28
09457909
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2017-03-01
2018-02-28
09457909
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2017-03-01
2018-02-28
09457909
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2017-03-01
2018-02-28
09457909
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2017-03-01
2018-02-28
09457909
bus:PrivateLimitedCompanyLtd
2017-03-01
2018-02-28
COMPANY REGISTRATION NUMBER:
09457909
Unaudited Financial Statements
|
|
Year ended 28 February 2018
Officers and professional advisers
|
1
|
|
|
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
|
4
|
|
|
Statement of income and retained earnings
|
5
|
|
|
Statement of financial position
|
6
|
|
|
Notes to the financial statements
|
7 to 8
|
|
|
Officers and Professional Advisers
|
|
Registered office
|
2 Lisgar Terrace
|
|
London
|
|
United Kingdom
|
|
W14 8SJ
|
|
|
Accountants
|
Allen, West and Foster
|
|
Chartered Accountants
|
|
2 Broomgrove Road
|
|
Sheffield
|
|
S10 2LR
|
|
|
Year ended 28 February 2018
The director presents her report and the unaudited financial statements of the company for the year ended
28 February 2018
.
Principal activities
The principal activity of the company during the year was consultancy work in the travel industry.
Incorporation
The company commenced trading in December 2016.
Director
The director who served the company during the year was as follows:
Directors responsibilities
The directors are responsible for preparing the strategic report, directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law, the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and Applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and accounting estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
28 November 2018
and signed on behalf of the board by:
Registered office:
|
2 Lisgar Terrace
|
London
|
United Kingdom
|
W14 8SJ
|
|
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
Lowthian Bell Limited
|
|
Year ended 28 February 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lowthian Bell Limited for the year ended 28 February 2018, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Lowthian Bell Limited in accordance with the terms of our engagement letter dated 1 November 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Lowthian Bell Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lowthian Bell Limited and its director for our work or for this report.
It is your duty to ensure that Lowthian Bell Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lowthian Bell Limited. You consider that Lowthian Bell Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Lowthian Bell Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Allen, West and Foster
Chartered Accountants
2 Broomgrove Road
Sheffield
S10 2LR
28 November 2018
Statement of Income and Retained Earnings
|
|
Year ended 28 February 2018
|
2018
|
2017
|
Note
|
£
|
£
|
Turnover
|
5,498
|
25,000
|
|
|
|
|
-------
|
--------
|
Gross profit
|
5,498
|
25,000
|
|
|
|
Administrative expenses
|
2,375
|
1,322
|
|
-------
|
--------
|
Operating profit
|
3,123
|
23,678
|
|
|
|
|
-------
|
--------
|
Profit before taxation
|
3,123
|
23,678
|
|
|
|
Tax on profit
|
620
|
4,736
|
|
-------
|
--------
|
Profit for the financial year and total comprehensive income
|
2,503
|
18,942
|
|
-------
|
--------
|
|
|
|
Retained earnings at the start of the year
|
18,942
|
–
|
|
--------
|
--------
|
Retained earnings at the end of the year
|
21,445
|
18,942
|
|
--------
|
--------
|
|
|
|
All the activities of the company are from continuing operations.
Statement of Financial Position
|
|
28 February 2018
Current assets
Cash at bank and in hand
|
30,498
|
25,000
|
|
|
|
Creditors: amounts falling due within one year
|
4
|
9,052
|
6,057
|
|
--------
|
--------
|
Net current assets
|
21,446
|
18,943
|
|
--------
|
--------
|
Total assets less current liabilities
|
21,446
|
18,943
|
|
--------
|
--------
|
Net assets
|
21,446
|
18,943
|
|
--------
|
--------
|
|
|
|
|
Capital and reserves
Called up share capital
|
1
|
1
|
Profit and loss account
|
21,445
|
18,942
|
|
--------
|
--------
|
Shareholder funds
|
21,446
|
18,943
|
|
--------
|
--------
|
|
|
|
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
28 November 2018
, and are signed on behalf of the board by:
Company registration number:
09457909
Notes to the Financial Statements
|
|
Year ended 28 February 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Lisgar Terrace, London, W14 8SJ, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4.
Creditors:
amounts falling due within one year
|
2018
|
2017
|
|
£
|
£
|
Corporation tax
|
5,356
|
4,736
|
Other creditors
|
3,696
|
1,321
|
|
-------
|
-------
|
|
9,052
|
6,057
|
|
-------
|
-------
|
|
|
|