For the period ended 30 June 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 09621863
La Bobina Limited
Chartered Accountants' Report
For the period ended 30 June 2016
Chartered Accountants' Report to the Board of Directors
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the
|
accounts of La Bobina Limited for the period ended
30
June
2016
which comprise the Profit and Loss Account
,
the
|
Balance Sheet and the related notes from the company
'
s accounting records and from information and
|
explanations you have given us
.
|
As a practising 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 icaew
.
com
/
membershandbook
.
|
This report is made solely to the Board of Directors of La Bobina Limited
,
as a body
,
in accordance with the terms
|
of our engagement letter dated
3
February
2016
.
Our work has been undertaken solely to prepare for your approval
|
the accounts of La Bobina Limited and state those matters that we have agreed to state to the Board of Directors of
|
La Bobina Limited
,
as a body
,
in this report in accordance with AAF
2
/
10
as detailed at icaew
.
com
/
compilation
.
To
|
the fullest extent permitted by law
,
we do not accept or assume responsibility to anyone other than La Bobina
|
Limited and its Board of Directors as a body for our work or for this report
.
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It is your duty to ensure that La Bobina Limited has kept adequate accounting records to prepare statutory
|
accounts that give a true and fair view of the assets
,
liabilities
,
financial position and profit of La Bobina Limited
.
|
You consider that La Bobina 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 accounts of La Bobina 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 accounts
.
|
Philip Nickson & Co Ltd
Paradise Farm
High Street
Kempsford
Fairford
GL7 4EU
20 March 2017
1 of 4
Notes to the Abbreviated Financial Statements
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La Bobina Limited
For the period ended 30 June 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Plant and Equipment
Fixtures and Fittings
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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3 of 4
Notes to the Abbreviated Financial Statements
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La Bobina Limited
For the period ended 30 June 2016
8,749
8,749
2,231
Charge for period
2,231
6,518
Allotted called up and fully paid
|
2016
200
Ordinary shares of £
0
.
005
each
|
1
1
200 Ordinary £0.005 shares have been issued during the period for a cash consideration of £1.
4 of 4