Lucaspark (1994) Limited - Period Ending 2019-10-31
Lucaspark (1994) Limited - Period Ending 2019-10-31
Year Ended
Registration number:
Lucaspark (1994) Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Lucaspark (1994) Limited
Company Information
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Directors |
K E Betton R T Legg T J White J W Plant |
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Company secretary |
J Wilson |
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Registered office |
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Accountants |
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Page 1 |
Lucaspark (1994) Limited
Balance Sheet
31 October 2019
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2019 |
2018 |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Profit and loss account |
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Total equity |
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Page 2 |
Lucaspark (1994) Limited
Balance Sheet
31 October 2019
For the financial year ending 31 October 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 02865360
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Page 3 |
Lucaspark (1994) Limited
Notes to the Financial Statements
Year Ended 31 October 2019
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General information |
The company is a incorporated in United Kingdom. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
The address of its registered office is:
The principal place of business is:
C/O Bath Chew Valley Caravan Park
Ham Lane
Bishop Sutton
BS39 5TZ
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover represents amounts chargeable, net of value added tax, relating to subscriptions income and conference fees.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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Page 4 |
Lucaspark (1994) Limited
Notes to the Financial Statements
Year Ended 31 October 2019
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
Financial instruments
Classification
• Short term trade and other debtors and creditors; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
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Stocks |
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2019 |
2018 |
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Other inventories |
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Debtors |
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2018 |
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Trade debtors |
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Other debtors |
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Page 5 |
Lucaspark (1994) Limited
Notes to the Financial Statements
Year Ended 31 October 2019
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Creditors |
Creditors: amounts falling due within one year
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Note |
2019 |
2018 |
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Due within one year |
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Trade creditors |
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Social security and other taxes |
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Other creditors |
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Corporation tax |
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2,267 |
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Page 6 |