Lains Shooting School Ltd
|
Registered Number
:
06869186
|
For the year ended 30 April 2018
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2018
Lains Shooting School Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Lains Shooting School Ltd
Statement of Financial Position
2017
2018
Property
,
plant and equipment
|
122,023
70,044
2
122,023
70,044
9,100
6,050
3
Trade and other receivables
|
1,165
3,999
4
102,628
Cash and cash equivalents
|
59,749
69,798
112,893
Trade and other payables
:
amounts falling due within one
|
year
|
(56,207)
(51,374)
5
56,686
18,424
Net current assets
Total assets less current liabilities
|
140,447
126,730
(18,722)
(10,337)
Provisions for liabilities
|
121,725
Net assets
116,393
10
10
121,715
116,383
121,725
116,393
Shareholders' funds
For the year ended 30 April 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 15 January 2019 and were signed by:
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The notes form part of these financial statements
|
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For the year ended 30 April 2018
Lains Shooting School Ltd
Notes to the Financial Statements
Statutory Information
Lains Shooting School Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
06869186
.
|
Lains Shooting School
Quarley
Andover
SP11 8PX
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
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:
|
Property improvements
Plant and machinery
Motor vehicles
Inventories
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.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
2 of 4
For the year ended 30 April 2018
Lains Shooting School Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
199,127
40,347
101,481
57,299
93,197
27,705
65,492
-
57,299
166,973
68,052
292,324
Provision for depreciation and impairment
|
129,083
14,536
64,827
49,720
Charge for year
41,218
13,161
24,312
3,745
170,301
27,697
89,139
53,465
3,834
77,834
40,355
122,023
7,579
36,654
25,811
70,044
Included in cost or valuation of land and buildings is freehold land of £250,000 which is not depreciated.
2017
2018
6,050
9,100
4
.
Trade and other receivables
|
2017
2018
540
210
3,459
955
1,165
3,999
5
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
9,373
5,534
Taxation and social security
|
2,582
21,184
39,419
29,489
51,374
56,207
3 of 4
For the year ended 30 April 2018
Lains Shooting School Ltd
Notes to the Financial Statements Continued
6
.
Average number of persons employed
|
During the year the average number of employees was 2 (2017 : 2)
4 of 4