|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
LKS MARIGOLD LTD |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE PERIOD |
|
22ND FEBRUARY 2017 TO 28TH FEBRUARY 2018 |
|
|
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
LKS MARIGOLD LTD |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE PERIOD |
|
22ND FEBRUARY 2017 TO 28TH FEBRUARY 2018 |
|
|
|
|
|
LKS MARIGOLD LTD (REGISTERED NUMBER: 10632507) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 22ND FEBRUARY 2017 TO 28TH FEBRUARY 2018 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Abridged Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
Chartered Certified Accountants' Report | 5 |
LKS MARIGOLD LTD |
|
COMPANY INFORMATION |
FOR THE PERIOD 22ND FEBRUARY 2017 TO 28TH FEBRUARY 2018 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Tax Advisers and |
Chartered Certified Accountants |
Broad House |
1 The Broadway |
Old Hatfield |
Herts |
AL9 5BG |
LKS MARIGOLD LTD (REGISTERED NUMBER: 10632507) |
|
ABRIDGED BALANCE SHEET |
28TH FEBRUARY 2018 |
|
£ |
CURRENT ASSETS |
Debtors |
|
Investments |
|
Cash at bank |
|
|
CREDITORS |
Amounts falling due within one year |
|
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
) |
|
CAPITAL AND RESERVES |
Called up share capital |
|
Retained earnings | ( |
) |
( |
) |
|
|
|
|
|
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
|
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors on
|
|
|
|
|
|
|
|
LKS MARIGOLD LTD (REGISTERED NUMBER: 10632507) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 22ND FEBRUARY 2017 TO 28TH FEBRUARY 2018 |
|
1. | STATUTORY INFORMATION |
|
LKS Marigold Ltd is a
|
number and registered office address can be found on the Company Information page. |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
At 28th February 2018 the Company had net current liabilities of £380. |
|
The directors are of the opinion that the current situation is temporary and the Company is able to meet its obligations for the |
foreseeable future as and when they fall due having regard to the following: |
|
i) the Company will receive a continued financial support from the shareholders and the directors and they have agreed that |
the loans from the directors will not be repaid until the company is in a position to repay them. |
|
ii) the directors have carried out a review of the cash flow forecasts of the Company for the twelve months following the date |
of signing of these financial statements and based on such forecast consider that the Company is a going concern. |
|
Accordingly, the Company continues to adopt the going concern basis of accounting in preparing theses financial statements. |
|
Significant judgements and estimates |
There are no significant estimates having a material effect on the financial statements. |
|
Financial instruments |
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic |
financial instruments are initially recognised at transaction value. |
|
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent |
that it relates to items recognised in other comprehensive income or directly in equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively |
enacted by the balance sheet date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in |
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted |
or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
|
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be |
recovered against the reversal of deferred tax liabilities or other future taxable profits. |
|
Current asset investments |
The current asset investments are stated at lower of cost and net realisable value and any gains or losses on disposals are |
recognised in the profit and loss account. |
LKS MARIGOLD LTD (REGISTERED NUMBER: 10632507) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 22ND FEBRUARY 2017 TO 28TH FEBRUARY 2018 |
|
3. | RELATED PARTY DISCLOSURES |
|
S M Shah, N M Shah and S Shah |
Directors/shareholders in the reporting entity |
|
During the period, the directors transferred funds to the value of £309,114 to the reporting entity. |
|
At the balance sheet date the company owed £309,039 to the directors. The loan is interest free with no fixed date for |
repayment. |
|
4. | ULTIMATE CONTROLLING PARTY |
|
The company is jointly controlled by all the directors by virtue of their shareholding and close relationship. |
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
LKS MARIGOLD LTD |
|
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited |
financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. |
Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the |
Directors are not required to be filed with the Registrar of Companies. |
|
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
statements of LKS Marigold Ltd for the period ended 28th February 2018 which comprise the Abridged Income Statement, Abridged |
Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
|
This report is made solely to the Board of Directors of LKS Marigold Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of LKS Marigold Ltd and state those matters that we have agreed to state to the Board of Directors of LKS Marigold Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
|
It is your duty to ensure that LKS Marigold Ltd 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 loss of LKS Marigold Ltd. You consider that LKS Marigold Ltd is exempt from the statutory audit requirement for the period. |
|
We have not been instructed to carry out an audit or a review of the financial statements of LKS Marigold Ltd. 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. |
|
|
|
|
|
|
|
Chartered Tax Advisers and |
Chartered Certified Accountants |
Broad House |
1 The Broadway |
Old Hatfield |
Herts |
AL9 5BG |
|
|
|