LA Restructuring Ltd.

LA Restructuring Ltd.

LA RESTRUCTURING LTD. - Company Information

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1 April 2019 false No description of principal activity Taxfiler 2020.10 07929555business:PrivateLimitedCompanyLtd2019-04-012020-03-31 079295552019-03-31 079295552019-04-012020-03-31 07929555business:AuditExemptWithAccountantsReport2019-04-012020-03-31 07929555business:FullAccounts2019-04-012020-03-31 079295552020-03-31 07929555business:Director12019-04-012020-03-31 07929555business:RegisteredOffice2019-04-012020-03-31 079295552019-03-31 07929555core:WithinOneYear2020-03-31 07929555core:WithinOneYear2019-03-31 07929555core:ShareCapital2020-03-31 07929555core:ShareCapital2019-03-31 07929555core:RetainedEarningsAccumulatedLosses2020-03-31 07929555core:RetainedEarningsAccumulatedLosses2019-03-31 07929555business:SmallEntities2019-04-012020-03-31 07929555countries:EnglandWales2019-04-012020-03-31 079295552018-04-012019-03-31 iso4217:GBP xbrli:pure
Company Registration No. 07929555 (England and Wales)
LA Restructuring Ltd. Unaudited accounts for the year ended 31 March 2020
LA Restructuring Ltd. Unaudited accounts Contents
Page
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LA Restructuring Ltd. Company Information for the year ended 31 March 2020
Director
Mr S Howley
Company Number
07929555 (England and Wales)
Registered Office
Deacon House St Marys Court Old Amersham Buckinghamshire HP7 0UT UK
Accountants
Bell Howley LLP 53 Davies Street Mayfair London W1K 5JH
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LA Restructuring Ltd. Accountants' report
Accountants' report to the director of LA Restructuring Ltd. on the preparation of the unaudited statutory accounts for the year ended 31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of LA Restructuring Ltd. for the year ended 31 March 2020 as set out on pages 5 - 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of LA Restructuring Ltd., as a body, in accordance with the terms of our engagement letter dated 14 September 2012. Our work has been undertaken solely to prepare for your approval the accounts of LA Restructuring Ltd. and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LA Restructuring Ltd. and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that LA Restructuring Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of LA Restructuring Ltd.. You consider that LA Restructuring Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of LA Restructuring Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Bell Howley LLP 53 Davies Street Mayfair London W1K 5JH 7 August 2020
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LA Restructuring Ltd. Statement of financial position as at 31 March 2020
2020 
2019 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
7,237 
3,992 
Creditors: amounts falling due within one year
4
5,140 
84,665 
Net current assets
12,377 
88,657 
Net assets
12,377 
88,657 
Capital and reserves
Called up share capital
11 
11 
Profit and loss account
12,366 
88,646 
Shareholders' funds
12,377 
88,657 
For the year ending 31 March 2020 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.
The financial statements were approved by the Board and authorised for issue on 7 August 2020 and were signed on its behalf by
Mr S Howley Director Company Registration No. 07929555
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LA Restructuring Ltd. Notes to the Accounts for the year ended 31 March 2020
1
Statutory information
LA Restructuring Ltd. is a private company, limited by shares, registered in England and Wales, registration number 07929555. The registered office is Deacon House, St Marys Court, Old Amersham, Buckinghamshire, HP7 0UT, UK.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
4
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Trade creditors
201 
1,000 
Taxes and social security
(8,528)
(6,706)
Other creditors
(1,000)
- 
Loans from directors
4,187 
(86,243)
Accruals
- 
7,284 
(5,140)
(84,665)
5
Average number of employees
During the year the average number of employees was 0 (2019: 0).
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