Lawn Force Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05151757 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2017

for

Lawn Force Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs K G Walton

SECRETARY:

Mrs K G Walton

REGISTERED OFFICE:

Overdene House

49 Church Street

Theale

Reading

Berkshire

RG7 5BX

REGISTERED NUMBER:

05151757 (England and Wales)

ACCOUNTANTS:

Kirkpatrick & Hopes Ltd

Overdene House

49 Church Street

Theale

Reading

Berkshire

RG7 5BX

CURRENT ASSETS

Stocks

5

951

1,659

Debtors

6

615

1,786

Cash at bank and in hand

2,309

6,695

3,875

10,140

CREDITORS

Amounts falling due within one year

7

99,674

117,128

NET CURRENT LIABILITIES

(95,799

)

(106,988

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(95,799

)

(106,988

)

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

(96,099

)

(107,288

)

SHAREHOLDERS' FUNDS

(95,799

)

(106,988

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 19 March 2018 and were signed by:

Mrs K G Walton - Director

1.	STATUTORY INFORMATION

Lawn Force Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The presentation currency is 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.

Stocks

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

slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

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

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the

operating result.

Debtors

Short term debtors are measured at transaction price less any impairment. Loans receivable are measured

initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the

effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans are

measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using

the effective interest method.

Going concern

The company meets its day to day working capital requirements partially through the support of its creditors. The

director has considered the projected cash flow information for the company during the foreseeable post

year-end period. On the basis of this cash flow information and discussions with the company's creditors, the

director considers that the company will continue to operate within the available finance facilities. On this basis,

the director considers it appropriate to prepare the financial statements on the going concern basis. The financial

statements do not include any adjustments that would result from a withdrawal of the support of the company's

creditors.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

5.

STOCKS

31.12.17

31.12.16

£

£

Finished goods

951

1,659

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

615

1,786

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

674

128

Other creditors

99,000

117,000

99,674

117,128