Lyen Ltd Company Accounts
Lyen Ltd Company Accounts
COMPANY REGISTRATION NUMBER:
05012740
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Financial Statements |
Year ended 31 January 2017
Contents |
Page |
Statement of financial position |
1 |
Notes to the financial statements |
3 |
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Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Investments |
6 |
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Current assets
Stocks |
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Debtors |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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Net current assets |
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Total assets less current liabilities |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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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 financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
30 October 2017
, and are signed on behalf of the board by:
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Director |
Company registration number:
05012740
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Notes to the Financial Statements |
Year ended 31 January 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 189 Wokingham Road, Earley, Reading, RG6 1LT.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 February 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 10.
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in joint ventures
Impairment of fixed assets
Stocks
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2016:
1
).
5.
Tangible assets
Plant and machinery |
Total |
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£ |
£ |
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Cost |
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At 1 February 2016 and 31 January 2017 |
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Depreciation |
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At 1 February 2016 |
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Charge for the year |
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------- |
------- |
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At 31 January 2017 |
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Carrying amount |
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At 31 January 2017 |
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At 31 January 2016 |
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6.
Investments
Other investments other than loans |
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£ |
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Cost |
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At 1 February 2016 |
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Additions |
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Disposals |
(
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At 31 January 2017 |
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Impairment |
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At 1 February 2016 and 31 January 2017 |
– |
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Carrying amount |
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At 31 January 2017 |
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At 31 January 2016 |
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7.
Debtors
2017 |
2016 |
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£ |
£ |
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Other debtors |
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------- |
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8.
Creditors:
amounts falling due within one year
2017 |
2016 |
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£ |
£ |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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9.
Related party transactions
10.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 February 2015.
No transitional adjustments were required in equity or profit or loss for the year.