REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 29 February 2016 |
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for |
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LANTEX MANUFACTURING COMPANY LTD |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 29 February 2016 |
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for |
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LANTEX MANUFACTURING COMPANY LTD |
LANTEX MANUFACTURING COMPANY LTD (REGISTERED NUMBER: 00150264) |
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Contents of the Abbreviated Accounts |
for the Year Ended 29 February 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
LANTEX MANUFACTURING COMPANY LTD |
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Company Information |
for the Year Ended 29 February 2016 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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LANTEX MANUFACTURING COMPANY LTD (REGISTERED NUMBER: 00150264) |
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Abbreviated Balance Sheet |
29 February 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investments | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
4 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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ACCRUALS AND DEFERRED INCOME | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Share premium |
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Capital redemption reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
LANTEX MANUFACTURING COMPANY LTD (REGISTERED NUMBER: 00150264) |
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Abbreviated Balance Sheet - continued |
29 February 2016 |
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The financial statements were approved by the director on
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LANTEX MANUFACTURING COMPANY LTD (REGISTERED NUMBER: 00150264) |
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Notes to the Abbreviated Accounts |
for the Year Ended 29 February 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Preparation of consolidated financial statements |
The financial statements contain information about Lantex Manufacturing Company Ltd as an individual |
company and do not contain consolidated financial information as the parent of a group. The company has taken |
the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
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Turnover |
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of |
Value Added Tax. |
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Tangible fixed assets |
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Freehold land and building | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or |
a right to pay less or to receive more tax. |
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Deferred tax is measured on an undiscounted basis at the rates that are expected to apply in the period in which |
timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet |
date. |
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Pension costs |
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held |
separately from those of the company. The annual contributions payable are charged to the profit and loss |
account. |
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Finance lease agreements |
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership |
of an asset, the lease is treated as a finance lease. The asset is recorded in the balance sheet as a tangible fixed |
asset and is depreciated in accordance with the above depreciation policies. Future instalments under such |
leases, net of finance charges, are included within creditors. Rentals payable are apportioned between the |
finance element, which is charged to the profit and loss account on a straight line basis, and the capital element |
which reduces the outstanding obligation for future instalments. |
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Operating lease agreements |
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with |
the lessor are charged against profits on a straight line basis over the period of the lease. |
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Government grants |
Grants relating to expenditure on tangible fixed assets are credited to the profit and loss account at the same rate |
as the depreciation on the assets to which the grant relates. The deferred element of grant is included in creditors |
as deferred income. |
LANTEX MANUFACTURING COMPANY LTD (REGISTERED NUMBER: 00150264) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 29 February 2016 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 March 2015 |
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Additions |
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At 29 February 2016 |
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DEPRECIATION |
At 1 March 2015 |
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Charge for year |
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At 29 February 2016 |
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NET BOOK VALUE |
At 29 February 2016 |
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At 28 February 2015 |
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3. | FIXED ASSET INVESTMENTS |
Investments |
other |
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loans |
£ |
COST |
At 1 March 2015 | 50,905 |
Additions | 245 |
At 29 February 2016 | 51,150 |
NET BOOK VALUE |
At 29 February 2016 |
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At 28 February 2015 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Subsidiary |
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Nature of business: |
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Class of shares: | holding |
Ordinary | 100.00 |
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£ | £ |
Aggregate capital and reserves | 82 | 67 |
Profit for the year | 39,615 | 26,090 |
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Dividends of £40,244 were received from HTS Print & Design Limited during the year. |
LANTEX MANUFACTURING COMPANY LTD (REGISTERED NUMBER: 00150264) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 29 February 2016 |
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3. | FIXED ASSET INVESTMENTS - continued |
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Associated company |
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Nature of business: |
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Class of shares: | holding |
Ordinary A | 45.00 |
31.5.15 | 31.5.14 |
£ | £ |
Aggregate capital and reserves | (808 | ) | (525 | ) |
Loss for the year | (283 | ) | (5,114 | ) |
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4. | CREDITORS |
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Creditors include an amount of £
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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