Lothic Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09162279 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2019

for

Lothic Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A J Clothier

SECRETARY:

REGISTERED OFFICE:

Ground Floor Flat 4 Woodland Road

Clifton

Bristol

BS8 1TA

REGISTERED NUMBER:

09162279 (England and Wales)

ACCOUNTANTS:

Harpers & Co

1st Floor

Premier House

127 Duckmoor Road

Bristol

BS3 2BJ

CURRENT ASSETS

Cash at bank

43,097

96,818

CREDITORS

Amounts falling due within one year

4

3,856

31,841

NET CURRENT ASSETS

39,241

64,977

TOTAL ASSETS LESS CURRENT LIABILITIES

39,241

64,977

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

39,141

64,877

SHAREHOLDERS' FUNDS

39,241

64,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 21 October 2019 and were signed by:

A J Clothier - Director

1.	STATUTORY INFORMATION

Lothic Limited 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - 1 ).

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Taxation and social security

-

(1,706

)

Other creditors

3,856

33,547

3,856

31,841

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £18,000 (2018 - £16,000) were paid to the director .