Lakeland Caterers Limited Company Accounts
Lakeland Caterers Limited Company Accounts
COMPANY REGISTRATION NUMBER:
00752865
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Financial Statements |
Year ended 30 April 2017
Contents |
Page |
Officers and professional advisers |
1 |
Statement of financial position |
2 |
Notes to the financial statements |
4 |
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Officers and Professional Advisers |
The board of directors |
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Company secretary |
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Registered office |
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Accountants |
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Chartered accountant |
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4 Mason Court |
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Gillan Way |
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Penrith 40 Business Park |
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Penrith |
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Cumbria |
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CA11 9GR |
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Bankers |
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Market Square |
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Penrith |
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Cumbria |
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CA11 7YB |
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Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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Net current assets |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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Net assets |
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Capital and reserves
Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Members funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income 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
8 January 2018
, and are signed on behalf of the board by:
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Director |
Company registration number:
00752865
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Notes to the Financial Statements |
Year ended 30 April 2017
1.
General information
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 May 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 10.
Judgements and key sources of estimation uncertainty
Revenue recognition
Taxation
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:
Freehold Property |
- |
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Impairment of fixed assets
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2016:
1
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5.
Tangible assets
Land and buildings |
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£ |
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Cost |
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At 1 May 2016 and 30 April 2017 |
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Depreciation |
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At 1 May 2016 |
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Charge for the year |
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At 30 April 2017 |
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Carrying amount |
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At 30 April 2017 |
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At 30 April 2016 |
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Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
Freehold property |
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£ |
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At 30 April 2017 |
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Aggregate cost |
168,000 |
Aggregate depreciation |
– |
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Carrying value |
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At 30 April 2016 |
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Aggregate cost |
168,000 |
Aggregate depreciation |
– |
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Carrying value |
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6.
Debtors
2017 |
2016 |
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£ |
£ |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
2017 |
2016 |
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£ |
£ |
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Corporation tax |
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Other creditors |
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8.
Directors' advances, credits and guarantees
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 May 2015.
Reconciliation of equity
1 May 2015 |
30 April 2016 |
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As previously stated |
Effect of transition |
FRS 102 (as restated) |
As previously stated |
Effect of transition |
FRS 102 (as restated) |
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£ |
£ |
£ |
£ |
£ |
£ |
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Fixed assets |
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– |
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– |
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Current assets |
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– |
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– |
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Creditors: amounts falling due within one year |
(
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– |
(
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(
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– |
(
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Net current assets |
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– |
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– |
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Total assets less current liabilities |
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– |
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– |
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Provisions |
– |
(
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(
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(
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– |
(
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Net assets |
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(
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– |
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Capital and reserves |
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(
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– |
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