Company Registration No. 07975401 (England and Wales)
Lend Fair Ltd
Unaudited accounts
for the year ended 31 March 2018
Lend Fair Ltd
Unaudited accounts
Contents
Lend Fair Ltd
Company Information
for the year ended 31 March 2018
Directors
C Babb
K Babb
C Atkins
Company Number
07975401 (England and Wales)
Registered Office
4 Capital Place
Harlow
CM19 5AS
GB
Lend Fair Ltd
Statement of financial position
as at
31 March 2018
Intangible assets
500
500
Cash at bank and in hand
107,271
26,354
Creditors: amounts falling due within one year
(33,601)
(64,131)
Net current assets
921,673
934,678
Total assets less current liabilities
922,175
936,323
Creditors: amounts falling due after more than one year
(1,400,000)
(1,400,000)
Net liabilities
(477,825)
(463,677)
Called up share capital
326,853
326,863
Profit and loss account
(804,678)
(790,540)
Shareholders' funds
(477,825)
(463,677)
For the year ending 31 March 2018 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 8 August 2018.
C Babb
Director
Company Registration No. 07975401
Lend Fair Ltd
Notes to the Accounts
for the year ended 31 March 2018
Lend Fair Ltd is a private company, limited by shares, registered in England and Wales, registration number 07975401. The registered office is 4 Capital Place, Harlow, CM19 5AS, GB.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Straight line
Computer equipment
33% Straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost
4
Intangible fixed assets
Other
Lend Fair Ltd
Notes to the Accounts
for the year ended 31 March 2018
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2017
7,559
4,199
11,758
At 31 March 2018
7,559
4,199
11,758
At 1 April 2017
6,686
3,927
10,613
Charge for the year
872
271
1,143
At 31 March 2018
7,558
4,198
11,756
At 31 March 2017
873
272
1,145
Accrued income and prepayments
1,095
1,022
Other debtors
846,908
971,433
7
Creditors: amounts falling due within one year
2018
2017
Trade creditors
1,932
12,414
Taxes and social security
3,875
8,498
Other creditors
6,456
21,495
8
Creditors: amounts falling due after more than one year
2018
2017
Other creditors
1,400,000
1,400,000
9
Average number of employees
During the year the average number of employees was 4 (2017: 8).