Company Registration No. 07168626 (England and Wales)
Laundramagic.com ltd
Unaudited accounts
for the year ended 31 March 2019
Laundramagic.com ltd
Unaudited accounts
Contents
Laundramagic.com ltd
Company Information
for the year ended 31 March 2019
Directors
P.DUNNE
H.DUNNE
Company Number
07168626 (England and Wales)
Registered Office
17 Shelbourne rd
Calne
Wiltshire
SN11 8EW
Accountants
LHA Accountancy Services
7 Bath Road
Old Town
Swindon
Wiltshire
SN1 4AS
Laundramagic.com ltd
Statement of financial position
as at
31 March 2019
Tangible assets
7,334
9,779
Cash at bank and in hand
574
250
Creditors: amounts falling due within one year
(38,542)
(29,869)
Net current liabilities
(26,835)
(18,319)
Net liabilities
(19,501)
(8,540)
Called up share capital
2
2
Profit and loss account
(19,503)
(8,542)
Shareholders' funds
(19,501)
(8,540)
For the year ending 31 March 2019 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 December 2019.
H.DUNNE
Director
Company Registration No. 07168626
Laundramagic.com ltd
Notes to the Accounts
for the year ended 31 March 2019
Laundramagic.com ltd is a private company, limited by shares, registered in England and Wales, registration number 07168626. The registered office is 17 Shelbourne rd, Calne, Wiltshire, SN11 8EW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Laundramagic.com ltd
Notes to the Accounts
for the year ended 31 March 2019
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2018
36,452
5,406
41,858
At 31 March 2019
36,452
5,406
41,858
At 1 April 2018
28,246
3,833
32,079
Charge for the year
2,052
393
2,445
At 31 March 2019
30,298
4,226
34,524
At 31 March 2019
6,154
1,180
7,334
At 31 March 2018
8,206
1,573
9,779
Trade debtors
1,833
2,000
Accrued income and prepayments
9,300
9,300
6
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
19,242
19,242
Trade creditors
7,768
750
Loans from directors
10,322
9,272
7
Share capital
2019
2018
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
The ultimate controlling party includes the Directors.
9
Average number of employees
During the year the average number of employees was 1 (2018: 1).