R & O Lane Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05877361 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2017

for

R & O Lane Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Lane

Mrs O Lane

SECRETARY:

R Lane

REGISTERED OFFICE:

29 High Street

Bentley

Doncaster

South Yorkshire

DN5 0AA

REGISTERED NUMBER:

05877361 (England and Wales)

ACCOUNTANTS:

Thieme & Co

18 Thorne Road

Doncaster

South Yorkshire

DN1 2HS

FIXED ASSETS

Tangible assets

4

150,177

155,124

CURRENT ASSETS

Stocks

796

796

Debtors

5

380,242

289,652

Cash at bank

34,876

60,208

415,914

350,656

CREDITORS

Amounts falling due within one year

6

64,864

58,098

NET CURRENT ASSETS

351,050

292,558

TOTAL ASSETS LESS CURRENT LIABILITIES

501,227

447,682

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

501,225

447,680

SHAREHOLDERS' FUNDS

501,227

447,682

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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 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 Board of Directors on 16 April 2018 and were signed on its behalf by:

R Lane - Director

1.	STATUTORY INFORMATION

R & O Lane Limited 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

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 balance sheet date.

Deferred tax

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

sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2016

459,310

Additions

64,972

Disposals

(77,691

)

At 31 July 2017

446,591

DEPRECIATION

At 1 August 2016

304,186

Charge for year

35,536

Eliminated on disposal

(43,308

)

At 31 July 2017

296,414

NET BOOK VALUE

At 31 July 2017

150,177

At 31 July 2016

155,124

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade debtors

48,594

48,730

Other debtors

331,648

240,922

380,242

289,652

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Taxation and social security

32,770

23,380

Other creditors

32,094

34,718

64,864

58,098