Company Registration No. 04393750 (England and Wales)
LINE 01 SALES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2017
PAGES FOR FILING WITH REGISTRAR
LINE 01 SALES LIMITED
COMPANY INFORMATION
Directors
Mr G Spinks
Mr P Ashton
Company number
04393750
Registered office
39/43 Bridge Street
Swinton
Mexborough
South Yorkshire
England
S64 8AP
Accountants
Brearley & Co Accountants Limited
39/43 Bridge Street
Swinton
Mexborough
South Yorkshire
S64 8AP
LINE 01 SALES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2
LINE 01 SALES LIMITED
BALANCE SHEET
- 1 -
2017
2016
Notes
£
£
£
£
Current assets
-
-
Creditors: amounts falling due within one year
2
(2,881)
(2,881)
Net current liabilities
(2,881)
(2,881)
Capital and reserves
Called up share capital
3
100
100
Profit and loss reserves
(2,981)
(2,981)
Total equity
(2,881)
(2,881)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 May 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 11 January 2018 and are signed on its behalf by:
Mr P Ashton
Director
Company Registration No. 04393750
LINE 01 SALES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2017
- 2 -
1
Accounting policies
Company information
Line 01 Sales Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
39/43 Bridge Street, Swinton, Mexborough, South Yorkshire, England, S64 8AP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from
fellow group companies and preference shares that are classified as debt, are
initially recognised at transaction price unless the arrangement constitutes a
financing transaction, where the debt instrument is measured at the present value of
the future
paymen
ts discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective
interest rate method.
Trade creditors
are obligations to pay for goods or services that have been acquired
in the ordinary course of business from suppliers. A
m
ounts payable are classified as
current liabilities if payment is due within one year or less. If not, they are presented
as non-current liabilities. Trade creditors are recognised initially at transaction price
and subsequently measured at amortised cost using the effective interest method.
2
Creditors: amounts falling due within one year
2017
2016
£
£
Trade creditors
821
821
Other creditors
2,060
2,060
2,881
2,881
3
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary A shares of £1 each
100
100
100
100