Company Registration No. 05196833 (England and Wales)
LSLCo UK Limited
Unaudited accounts
for the year ended 31 March 2019
LSLCo UK Limited
Unaudited accounts
Contents
LSLCo UK Limited
Company Information
for the year ended 31 March 2019
Company Number
05196833 (England and Wales)
Registered Office
Unit12C Calvert Center Rownest Wood Lane
Woodmancott
Winchester
Hampshire
SO21 3BN
Accountants
Black & White Chartered Certified Accountants
2-3 Stable Court
Herriard Park
Herriard
Hampshire
RG25 2PL
LSLCo UK Limited
Statement of financial position
as at 31 March 2019
Tangible assets
2,982
3,358
Cash at bank and in hand
1,436
48
Creditors: amounts falling due within one year
(31,824)
(71,182)
Net current assets
20,174
4,389
Called up share capital
1,878
1,878
Share premium
69,179
69,179
Profit and loss account
(47,901)
(63,310)
Shareholders' funds
23,156
7,747
For the year ending 31 March 2019 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 September 2019.
N Albon
Director
Company Registration No. 05196833
LSLCo UK Limited
Notes to the Accounts
for the year ended 31 March 2019
LSLCo UK Limited is a private company, limited by shares, registered in England and Wales, registration number 05196833. The registered office is Unit12C Calvert Center Rownest Wood Lane, Woodmancott, Winchester, Hampshire, SO21 3BN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less accumulative depreciation and accumulative impairment losses. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the last in first out method. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
LSLCo UK Limited
Notes to the Accounts
for the year ended 31 March 2019
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2018
17,518
2,250
19,768
At 31 March 2019
18,136
2,250
20,386
At 1 April 2018
15,425
985
16,410
Charge for the year
678
316
994
At 31 March 2019
16,103
1,301
17,404
At 31 March 2019
2,033
949
2,982
At 31 March 2018
2,093
1,265
3,358
Finished goods
33,243
30,869
Trade debtors
7,099
32,493
Accrued income and prepayments
2,433
6,040
7
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
-
7,996
Trade creditors
3,729
5,000
Taxes and social security
265
423
Other creditors
4,936
1,974
Loans from directors
16,250
46,176
8
Average number of employees
During the year the average number of employees was 3 (2018: 3).
