Company Registration No. 09613900 (England and Wales)
Lane Air Conditioning (UK) Limited
Unaudited accounts
for the year ended 31 December 2019
Lane Air Conditioning (UK) Limited
Unaudited accounts
Contents
Lane Air Conditioning (UK) Limited
Company Information
for the year ended 31 December 2019
Company Number
09613900 (England and Wales)
Registered Office
White House
Much Cowarne
Bromyard
HFDS
HR7 4JL
ENGLAND
Lane Air Conditioning (UK) Limited
Statement of financial position
as at
31 December 2019
Intangible assets
2,000
4,000
Tangible assets
20,201
12,269
Cash at bank and in hand
126,335
123,333
Creditors: amounts falling due within one year
(81,731)
(75,942)
Net current assets
106,282
98,148
Total assets less current liabilities
128,483
114,417
Creditors: amounts falling due after more than one year
(5,255)
(4,404)
Provisions for liabilities
Deferred tax
(3,545)
(2,026)
Net assets
119,683
107,987
Called up share capital
100
100
Profit and loss account
119,583
107,887
Shareholders' funds
119,683
107,987
For the year ending 31 December 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 6 August 2020 and were signed on its behalf by
John James Lane
Director
Company Registration No. 09613900
Lane Air Conditioning (UK) Limited
Notes to the Accounts
for the year ended 31 December 2019
Lane Air Conditioning (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 09613900. The registered office is White House, Much Cowarne, Bromyard, HFDS, HR7 4JL, ENGLAND.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on reducing balance
Fixtures & fittings
straight line over 3 years
Computer equipment
straight line over 3 years
4
Intangible fixed assets
Goodwill
At 31 December 2019
10,000
Charge for the year
2,000
At 31 December 2019
8,000
At 31 December 2019
2,000
At 31 December 2018
4,000
Lane Air Conditioning (UK) Limited
Notes to the Accounts
for the year ended 31 December 2019
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2019
14,461
2,253
7,908
24,622
Additions
15,301
-
-
15,301
At 31 December 2019
29,762
2,253
7,908
39,923
At 1 January 2019
4,102
2,253
5,998
12,353
Charge for the year
6,415
-
954
7,369
At 31 December 2019
10,517
2,253
6,952
19,722
At 31 December 2019
19,245
-
956
20,201
At 31 December 2018
10,359
-
1,910
12,269
Trade debtors
61,197
50,288
Accrued income and prepayments
481
469
7
Creditors: amounts falling due within one year
2019
2018
Obligations under finance leases and hire purchase contracts
3,503
2,714
Trade creditors
13,217
27,910
Taxes and social security
33,839
33,491
Loans from directors
29,510
-
8
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
5,255
4,404
9
Transactions with related parties
Loan from director- 0% interest with no set repayment date.
John Lane - £29,510
10
Average number of employees
During the year the average number of employees was 6 (2018: 6).