Swann Lighting Ltd,Ltd - AccountsLtd - Accounts

Swann Lighting Ltd,Ltd - AccountsLtd - Accounts

SWANN LIGHTING LIMITED - Company Information

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2016-06-01 09042457 2017-05-31 09042457 2016-06-01 2017-05-31 09042457 2016-05-31 09042457 2015-06-01 2016-05-31 09042457 uk-core:WithinOneYear 2016-05-31 09042457 uk-core:WithinOneYear 2017-05-31 09042457 uk-core:ShareCapital 2017-05-31 09042457 uk-core:ShareCapital 2016-05-31 09042457 uk-core:RetainedEarningsAccumulatedLosses 2017-05-31 09042457 uk-core:RetainedEarningsAccumulatedLosses 2016-05-31 09042457 uk-bus:Director1 2016-06-01 2017-05-31 09042457 uk-core:PlantMachinery 2016-06-01 2017-05-31 09042457 uk-core:CommercialMotorVehicles 2016-06-01 2017-05-31 09042457 uk-core:CommercialMotorVehicles 2016-05-31 09042457 uk-core:PlantMachinery 2016-05-31 09042457 uk-core:PlantMachinery 2017-05-31 09042457 uk-core:CommercialMotorVehicles 2017-05-31 09042457 uk-core:WithinOneYear 2017-05-31 09042457 uk-core:WithinOneYear 2016-05-31 iso4217:GBP 09042457 uk-bus:AuditExemptWithAccountantsReport 2016-06-01 2017-05-31 09042457 uk-bus:FRS102 2016-06-01 2017-05-31 09042457 uk-bus:FullAccounts 2016-06-01 2017-05-31 09042457 uk-bus:PrivateLimitedCompanyLtd 2016-06-01 2017-05-31
Swann Lighting Ltd
Registered Number:09042457
For the year ended 31 May 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2017
Swann Lighting Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 May 2017
Swann Lighting Ltd
Statement of Financial Position
Registered Number :
09042457
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
11,833
11,475
3
11,833
11,475
Current assets
Inventories
45,000
34,000
Trade and other receivables
147,530
194,595
4
61,193
Cash and cash equivalents
82,175
310,770
253,723
Trade and other payables: amounts falling due within one year
(193,428)
(147,231)
5
60,295
163,539
Net current assets
Total assets less current liabilities
175,372
71,770
175,372
Net assets
71,770
Capital and reserves
Called up share capital
200
1
Retained earnings
175,172
71,769
175,372
71,770
Shareholders' funds
For the year ended 31 May 2017 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 of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Mrs M MacCulloch Director
These financial statements were approved and authorised for issue by the Board on 02 October 2017 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 May 2017
Swann Lighting Ltd
Notes to the Financial Statements
Statutory Information
Swann Lighting Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
09042457.
Registered address:
1 Highcliffe Business Park
The Cliff
Ingham
Lincoln
LN1 2WE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Reducing balance
20% Reducing balance
Motor Vehicles
2. Prior year adjustments
The warranty provision made in previousw years has been reversed in the prior year.
3. Property, plant and equipment
Total
Motor Vehicles
Plant and
Machinery
£
£
£
Cost or valuation
At 01 June 2016
18,314
8,000
10,314
6,837
-
6,837
Additions
(4,500)
-
Disposals
(4,500)
At 31 May 2017
17,151
3,500
20,651
Provision for depreciation and impairment
At 01 June 2016
6,839
2,841
3,998
Charge for year
3,945
525
3,420
(1,966)
(1,966)
-
On disposal
At 31 May 2017
8,818
1,400
7,418
At 31 May 2017
Net book value
9,733
2,100
11,833
At 31 May 2016
6,316
5,159
11,475
2 of 3
5
For the year ended 31 May 2017
Swann Lighting Ltd
Notes to the Financial Statements Continued
4. Trade and other receivables
2016
2017
£
£
Trade debtors
194,396
144,380
Other debtors
199
3,150
147,530
194,595
5. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Bank loans and overdraft
874
1,087
Trade creditors
54,832
111,356
Taxation and social security
78,525
58,715
Other creditors
13,000
22,270
147,231
193,428
3 of 3