Accounts Submission


CHLOE LAMB FINE ART LIMITED

Company Registration Number:
08007650 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2019

Period of accounts

Start date: 01 April 2018

End date: 31 March 2019

CHLOE LAMB FINE ART LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2019

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 9

CHLOE LAMB FINE ART LIMITED

Company Information

for the Period Ended 31 March 2019




Director: Chloe Lamb
Registered office: 73
Downhall Ley
Buntingford
Herts
SG9 9JT
Company Registration Number: 08007650 (England and Wales)

CHLOE LAMB FINE ART LIMITED

Directors' Report Period Ended 31 March 2019

The directors present their report with the financial statements of the company for the period ended 31 March 2019

Principal Activities

Selling of paintings

Directors

The directors shown below have held office during the whole of the period from 01 April 2018 to 31 March 2019
Chloe Lamb

This report was approved by the board of directors on 18 December 2019
And Signed On Behalf Of The Board By:

Name: Chloe Lamb
Status: Director

CHLOE LAMB FINE ART LIMITED

Profit and Loss Account

for the Period Ended 31 March 2019


Notes

2019
£

2018
£
Gross Profit or (Loss) 144,009 259,009
Administrative Expenses (83,966) (76,063)
Operating Profit or (Loss) 60,043 182,946
Profit or (Loss) Before Tax 60,043 182,946
Tax on Profit (11,394) (34,848)
Profit or (Loss) for Period 48,649 148,098

The notes form part of these financial statements

CHLOE LAMB FINE ART LIMITED

Balance sheet

As at 31 March 2019


Notes

2019
£

2018
£
Fixed assets
Tangible assets: 2 1,467 1,395
Total fixed assets: 1,467 1,395
Current assets
Cash at bank and in hand: 461,439 460,528
Total current assets: 461,439 460,528
Creditors: amounts falling due within one year: ( 55,704 ) ( 103,370 )
Net current assets (liabilities): 405,735 357,158
Total assets less current liabilities: 407,202 358,553
Total net assets (liabilities): 407,202 358,553

The notes form part of these financial statements

CHLOE LAMB FINE ART LIMITED

Balance sheet continued

As at 31 March 2019


Notes

2019
£

2018
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 407,201 358,552
Shareholders funds: 407,202 358,553

For the year ending 31 March 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 18 December 2019
And Signed On Behalf Of The Board By:

Name: Chloe Lamb
Status: Director

The notes form part of these financial statements

CHLOE LAMB FINE ART LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CHLOE LAMB FINE ART LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

2. Tangible Assets

Total
Cost £
At 01 April 2018 5,408
Additions 560
Disposals -
Revaluations -
Transfers -
At 31 March 2019 5,968
Depreciation
At 01 April 2018 4,013
Charge for year 488
On disposals -
Other adjustments -
At 31 March 2019 4,501
Net book value
At 31 March 2019 1,467
At 31 March 2018 1,395