Labyrinth Norwich Limited - Accounts to registrar (filleted) - small 18.2
Labyrinth Norwich Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2019 |
| for |
| Labyrinth Norwich Limited |
| Labyrinth Norwich Limited (Registered number: 10820671) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2019 |
| Page |
| Company Information | 1 |
| Report of the Accountant | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 |
| Labyrinth Norwich Limited |
| Company Information |
| for the Year Ended 31 March 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANT: | CPFA | FMAAT AIBC |
| Delph & Co |
| Accountancy & Business Advisory Services |
| 8 Home Farm Bus Park |
| Norwich Road |
| Marsham |
| Norwich |
| Norfolk |
| NR10 5PQ |
| Labyrinth Norwich Limited |
| Report of the Accountant to the Directors of |
| Labyrinth Norwich Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited |
| financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. |
| Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are |
| not required to be filed with the Registrar of Companies. |
| This report is made to you in accordance with the terms of our engagement. The work we have undertaken has been so that we |
| can compile these accounts, and report to you that we have done so, and to state those matters that we have agreed to state to you |
| in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone |
| other than you for our work, or for this report. |
| We have carried out this engagement in accordance with the new UK GAAP (the body of accounting standards and other guidance |
| published by the UK's Financial Reporting Council) - being a new financial reporting framework in the UK effective for accounting |
| periods beginning on or after 1 January 2015. |
| The UK's Financial Reporting Council (FRC) has published five standards which together form the basis of the new UK regime. |
| The former Financial Reporting Standard for Smaller Entities (FRSSE) has been withdrawn and small entities brought within the |
| scope of Financial Reporting Standard 102 being the Financial Reporting Standard applicable in the UK and Republic of Ireland for |
| accounting periods beginning on or after 1st January 2016 - and in particular Section 1A of FRS102, which sets out the |
| presentation and disclosure requirements for small entities based on the new small companies regime within company law. |
| These accounts are intended to achieve full compliance with Section 1A of FRS102. There were no material departures from that |
| standard. We have made choices, as available, under the Companies Act and FRS102 regarding presentation and requirements to |
| make disclosures, as judged appropriate. |
| You have approved the accounts and have acknowledged your responsibility for that and for providing all information and |
| explanations necessary for their compilation. |
| True and Fair View |
| The financial statements of a small entity shall give a true and fair view of the assets,. liabilities, financial position and profit or loss |
| of the small entity for the reporting period (FSR102 1A 1A.5) (Section 393 of the Companies Act). |
| As Reporting Accountants we are of the opinion and confirm that no further disclosures in addition to those set out are needed or |
| necessary to enable these statements to give a true and fair view in order to comply with the requirement of paragraph 1A.5 |
| (above); and also para 1A.16 (sufficient information) and 1A.17(material transaction(s)) |
| We have not undertaken an Audit. |
| CPFA | FMAAT AIBC |
| Delph & Co |
| Accountancy & Business Advisory Services |
| 8 Home Farm Bus Park |
| Norwich Road |
| Marsham |
| Norwich |
| Norfolk |
| NR10 5PQ |
| Labyrinth Norwich Limited (Registered number: 10820671) |
| Balance Sheet |
| 31 March 2019 |
| 31/3/19 | 31/3/18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| The directors acknowledge their 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| Labyrinth Norwich Limited (Registered number: 10820671) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2019 |
| 1. | STATUTORY INFORMATION |
| Labyrinth Norwich Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value |
| added tax and other sales taxes. |
| Intangible assets |
| Comprise Personal & Premises Licences, and will be amortised over the estimated life of the licences, from when the |
| business starts to trade |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| 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 |
| 4. | INTANGIBLE FIXED ASSETS |
| Intangible Fixed Assets comprise the cost of obtaining Personal & Premises Licences. These will be amortised over the |
| estimated life of the licences from when the business starts to trade. |
| Labyrinth Norwich Limited (Registered number: 10820671) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2018 |
| Additions |
| At 31 March 2019 |
| DEPRECIATION |
| Charge for year |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| 6. | DEBTORS |
| 31/3/19 | 31/3/18 |
| £ | £ |
| Amounts falling due within one year: |
| Other debtors |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/3/19 | 31/3/18 |
| £ | £ |
| Hire purchase contracts |
| Payments on account |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31/3/19 | 31/3/18 |
| £ | £ |
| Hire purchase contracts |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Other loans more 5yrs non-inst |
| Labyrinth Norwich Limited (Registered number: 10820671) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 9. | LOANS |
| An analysis of the maturity of loans is given below: |
| 31/3/19 | 31/3/18 |
| £ | £ |
| Amounts falling due between two and five years: |
| Other loans - 2-5 years |
| Directors Loans 2-5 Years | 28,365 | - |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Other loans more 5yrs non-inst | 90,650 | - |
| A Loan of £65,000 has been made available and drawn down from Zone Leisure Limited |