ILM - Ornate Lane Ltd - Accounts to registrar (filleted) - small 18.2

ILM - Ornate Lane Ltd - Accounts to registrar (filleted) - small 18.2

ILM-ORNATE LANE LTD - Company Information

Print Friendly Version

IRIS Accounts Production v19.1.1.57 08708439 director 1.1.18 31.12.18 31.12.18 false true false false false true false ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure087084392017-12-31087084392018-12-31087084392018-01-012018-12-31087084392016-09-29087084392016-09-302017-12-31087084392017-12-3108708439ns15:EnglandWales2018-01-012018-12-3108708439ns14:PoundSterling2018-01-012018-12-3108708439ns10:Director12018-01-012018-12-3108708439ns10:PrivateLimitedCompanyLtd2018-01-012018-12-3108708439ns10:SmallEntities2018-01-012018-12-3108708439ns10:AuditExempt-NoAccountantsReport2018-01-012018-12-3108708439ns10:SmallCompaniesRegimeForDirectorsReport2018-01-012018-12-3108708439ns10:SmallCompaniesRegimeForAccounts2018-01-012018-12-3108708439ns10:FullAccounts2018-01-012018-12-310870843912018-01-012018-12-3108708439ns10:OrdinaryShareClass12018-01-012018-12-3108708439ns10:RegisteredOffice2018-01-012018-12-3108708439ns5:CurrentFinancialInstruments2018-12-3108708439ns5:CurrentFinancialInstruments2017-12-3108708439ns5:ShareCapital2018-12-3108708439ns5:ShareCapital2017-12-3108708439ns5:RetainedEarningsAccumulatedLosses2018-12-3108708439ns5:RetainedEarningsAccumulatedLosses2017-12-3108708439ns5:NetGoodwill2018-01-012018-12-3108708439ns5:IntangibleAssetsOtherThanGoodwill2018-01-012018-12-3108708439ns5:NetGoodwill2017-12-3108708439ns5:NetGoodwill2018-12-3108708439ns5:NetGoodwill2017-12-3108708439ns5:PlantMachinery2017-12-3108708439ns5:PlantMachinery2018-01-012018-12-3108708439ns5:PlantMachinery2018-12-3108708439ns5:PlantMachinery2017-12-3108708439ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-12-3108708439ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-12-3108708439ns10:OrdinaryShareClass12018-12-31


REGISTERED NUMBER: 08708439 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

ILM-ORNATE LANE LTD
ILM-ORNATE LANE LTD (REGISTERED NUMBER: 08708439)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ILM-ORNATE LANE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2018







DIRECTOR: O Hussain





REGISTERED OFFICE: Carlisle Business Centre
60 Carlisle Road
Bradford
West Yorkshire
BD8 8BD





REGISTERED NUMBER: 08708439 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Suite 1, Aireside House
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ
Page 1
ILM-ORNATE LANE LTD (REGISTERED NUMBER: 08708439)

BALANCE SHEET
31 DECEMBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 57,750 90,750
Tangible assets 5 15,510 11,245
73,260 101,995

CURRENT ASSETS
Debtors 6 97,239 230,679
Cash at bank and in hand 24,307 51,839
121,546 282,518
CREDITORS
Amounts falling due within one year 7 57,410 116,333
NET CURRENT ASSETS 64,136 166,185
TOTAL ASSETS LESS CURRENT
LIABILITIES
137,396
268,180

PROVISIONS FOR LIABILITIES 1,947 917
NET ASSETS 135,449 267,263

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 135,349 267,163
SHAREHOLDERS' FUNDS 135,449 267,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these financial statements

Page 2 continued...
ILM-ORNATE LANE LTD (REGISTERED NUMBER: 08708439)

BALANCE SHEET - continued
31 DECEMBER 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director on 18 July 2019 and were signed by:





O Hussain - Director


The notes form part of these financial statements

Page 3
ILM-ORNATE LANE LTD (REGISTERED NUMBER: 08708439)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018

1. STATUTORY INFORMATION

Ilm-ornate Lane Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company
Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The significant accounting policies applied in the preparation of these financial statements are set
out below. These policies have been consistently applied to all years presented unless otherwise
stated.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are
measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant & Machinery - 25% reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation
and accumulated impairment losses. Cost includes costs directly attributable to making the asset
capable of operating as intended.


Page 4 continued...
ILM-ORNATE LANE LTD (REGISTERED NUMBER: 08708439)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018

2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the year 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 year 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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 80 (2017 - 85 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2018
and 31 December 2018 165,000
AMORTISATION
At 1 January 2018 74,250
Charge for year 33,000
At 31 December 2018 107,250
NET BOOK VALUE
At 31 December 2018 57,750
At 31 December 2017 90,750

Page 5 continued...
ILM-ORNATE LANE LTD (REGISTERED NUMBER: 08708439)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2018 18,858
Additions 7,326
At 31 December 2018 26,184
DEPRECIATION
At 1 January 2018 7,613
Charge for year 3,061
At 31 December 2018 10,674
NET BOOK VALUE
At 31 December 2018 15,510
At 31 December 2017 11,245

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 97,239 230,679

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 14,749 88,128
Other creditors 42,661 28,205
57,410 116,333

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 ordinary 1 100 100

Page 6