Registration number:
LA PROVIDENCE LTD
for the Year Ended 28 February 2018
68 Gilpin Crescent
Edmonton
London
London
N18 2XX
LA PROVIDENCE LTD
Contents
Company Information |
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Director's Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
LA PROVIDENCE LTD
Company Information
Director |
Paul Somissi |
Registered office |
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Accountants |
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Page 1 |
LA PROVIDENCE LTD
Director's Report for the Year Ended 28 February 2018
The director presents his report and the financial statements for the year ended 28 February 2018.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is Accounting, book-keeping and auditing activities; tax consultancy
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
.........................................
Paul Somissi
Highest paid director
Page 2 |
Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
LA PROVIDENCE LTD
for the Year Ended 28 February 2018
As described on the balance Sheet you are responsible for the preparation of the financial statement for the year ended 31st December 2016 set out on pages 4 to 7 , you consider that the company is exempt from audit.
In accordance with your instructions, we have compiled this unaudited financial statements in order to assist you fulfil your responsibilities, from the accounting records and i information and explanation supplied to us.
......................................
Edmonton
London
London
N18 2XX
Page 3 |
LA PROVIDENCE LTD
Profit and Loss Account for the Year Ended 28 February 2018
Note |
2018 |
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Turnover |
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Cost of sales |
( |
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Gross profit |
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Administrative expenses |
( |
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Operating profit |
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Profit before tax |
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Profit for the financial year |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Page 4 |
LA PROVIDENCE LTD
Statement of Comprehensive Income for the Year Ended 28 February 2018
2018 |
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Profit for the year |
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Total comprehensive income for the year |
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Page 5 |
LA PROVIDENCE LTD
(Registration number: 10614039)
Balance Sheet as at 28 February 2018
Note |
2018 |
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Current assets |
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Cash at bank and in hand |
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Capital and reserves |
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Profit and loss account |
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Total equity |
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For the financial 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:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
.........................................
Paul Somissi
Director
Page 6 |
LA PROVIDENCE LTD
Statement of Changes in Equity for the Year Ended 28 February 2018
Profit and loss account |
Total |
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Profit for the year |
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Total comprehensive income |
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At 28 February 2018 |
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Page 7 |
LA PROVIDENCE LTD
Notes to the Financial Statements for the Year Ended 28 February 2018
General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
England
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Share capital |
Page 8 |
LA PROVIDENCE LTD
Detailed Profit and Loss Account for the Year Ended 28 February 2018
2018 |
|
Turnover (analysed below) |
7,200 |
Cost of sales (analysed below) |
(3,000) |
Gross profit |
4,200 |
Gross profit (%) |
58.33% |
Administrative expenses |
|
Establishment costs (analysed below) |
(360) |
General administrative expenses (analysed below) |
(3,820) |
(4,180) |
|
Operating profit |
20 |
Profit before tax |
20 |
Page 9 |
LA PROVIDENCE LTD
Detailed Profit and Loss Account for the Year Ended 28 February 2018
2018 |
Turnover |
|
Sale of goods, UK |
7,200 |
Cost of sales |
|
Rent |
3,000 |
Establishment costs |
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Use of home as office |
(360) |
General administrative expenses |
|
Telephone and fax |
(700) |
Company Formation |
(750) |
Computer software and maintenance costs |
(400) |
Printing, postage and stationery |
(120) |
Trade subscriptions |
(450) |
Motor insurance |
(600) |
Travel and subsistence |
(400) |
Legal and professional fees |
(400) |
(3,820) |
Page 10 |