Lighthouse (Wales) Limited
|
For the year ended 31 July 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04483594
Lighthouse (Wales) Limited
For the year ended 31 July 2016
1
Accountant's Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Lighthouse (Wales) Limited
Accountant's Report
For the year ended 31 July 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended
31
July
2016
and
|
you consider that the company is exempt from an audit under the Companies Act
2006
.
|
In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you to fulfil your statutory
|
responsibilities
,
from the accounting records and information and explanations supplied to us
.
|
Patrick Barritt Tax Consultants Limited
Enfield House
Spring Gardens
Whitland
Carmarthenshire
SA34 0HP
1 of 4
Abbreviated Balance Sheet
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Lighthouse (Wales) Limited
2016
2015
2
2,866
2,064
2,866
2,064
500
500
816
1,240
9,660
15,213
11,400
16,529
Creditors
:
amounts falling due within one year
|
(8,676)
(10,797)
7,853
603
Net current assets
Total assets less current liabilities
|
3,469
9,917
3,469
Net assets
9,917
1,000
3
1,000
2,469
8,917
3,469
9,917
Shareholders funds
For the year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 17 April 2017
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Signed on behalf of the board of directors
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2 of 4
Notes to the Abbreviated Financial Statements
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Lighthouse (Wales) Limited
For the year ended 31 July 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders
|
prior to the balance sheet date
.
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Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
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Tangible fixed assets, 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:
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Computer Equipment
Fixtures and Fittings
Stocks and work in progress
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Stocks and work in progress are valued at the lower of cost and net realisable value as follows: Goods for resale Purchase cost on a first-in, first-out basis:Raw materials Purchase cost on a first-in, first-out basisConsumables Purchase cost on a first-in, first-out basisWork in progress Cost of direct materials and labour, including all direct overheads and the attributable proportion of indirect overhead expensesFinished goods Cost of direct materials and labour, including all direct overheads and the attributable proportion of indirect overhead expenses
|
3 of 4
Notes to the Abbreviated Financial Statements
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Lighthouse (Wales) Limited
For the year ended 31 July 2016
20,623
1,518
(12,064)
10,077
18,559
(12,064)
716
Charge for year
7,211
2,866
2,064
1
,
000
Ordinary shares of £
1
.
00
each
|
Allotted called up and fully paid
|
2016
2015
1
,
000
Ordinary shares of £
1
.
00
each
|
1,000
1,000
1,000
1,000
4 of 4