Louda Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09005817 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

Louda Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Miss C J Garland

D A Robinson

REGISTERED OFFICE:

2nd Floor Waterloo House

Teesdale South

Thornaby Place

Thornaby on Tees

TS17 6SA

REGISTERED NUMBER:

09005817 (England and Wales)

ACCOUNTANTS:

Anderson Barrowcliff LLP

Chartered Accountants

Waterloo House

Teesdale South

Thornaby Place

Thornaby on Tees

TS17 6SA

CURRENT ASSETS

Stocks

-

5,317

Debtors

356

2

356

5,319

CREDITORS

Amounts falling due within one year

16,709

11,653

NET CURRENT LIABILITIES

(16,353

)

(6,334

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,353

)

(6,334

)

CAPITAL AND RESERVES

Called up share capital

2

2

2

Profit and loss account

(16,355

)

(6,336

)

SHAREHOLDERS' FUNDS

(16,353

)

(6,334

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24 January 2017 and were signed on its behalf by:

Miss C J Garland - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

1

2

2

3.	CONTROLLING PARTY

The company is controlled by the directors by virtue of their shareholdings.