Lighthouse (Wales) Limited
|
Registered Number
:
04483594
|
For the year ended 31 July 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 July 2017
Lighthouse (Wales) Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Lighthouse (Wales) Limited
Statement of Financial Position
2016
2017
Property
,
plant and equipment
|
6,214
2,866
2
6,214
2,866
500
500
3
Trade and other receivables
|
1,240
-
4
9,660
Cash and cash equivalents
|
6,612
7,112
11,400
Trade and other payables
:
amounts falling due within one year
|
(10,797)
(9,564)
5
603
(2,452)
Net current liabilities
Total assets less current liabilities
|
3,762
3,469
3,762
Net assets
3,469
1,000
1,000
2,762
2,469
3,762
3,469
Shareholders' funds
For the year ended 31 July 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 July 2017 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their 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.
|
These financial statements were approved and authorised for issue by the Board on 17 April 2018 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 July 2017
Lighthouse (Wales) Limited
Notes to the Financial Statements
Statutory Information
Lighthouse
(
Wales
)
Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
04483594
.
|
Principal place of business
:
|
Glebe House
Wiston
Haverfordwest
Pembrokeshire
SA62 0PS
Enfield House
Spring Gardens
Whitland
SA34 0HP
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
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.
|
Property, plant and equipment
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:
|
Computer equipment
Fixtures and fittings
Inventories
Stocks 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
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 July 2017
Lighthouse (Wales) Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
10,077
10,000
77
4,901
2,701
2,200
2,277
12,701
14,978
Provision for depreciation and impairment
|
7,211
7,139
72
Charge for year
1,553
1,112
441
8,764
8,251
513
1,764
4,450
6,214
5
2,861
2,866
2016
2017
500
500
4
.
Trade and other receivables
|
2016
2017
-
1,240
5
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
Taxation and social security
|
377
1,040
9,187
9,757
9,564
10,797
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