Company Registration No. 09119960 (England and Wales)
THE LOVELY DISTRIBUTION COMPANY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016
THE LOVELY DISTRIBUTION COMPANY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
THE LOVELY DISTRIBUTION COMPANY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2016
31 July 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Stocks
664,156
77,188
Debtors
4,262,694
624,034
Cash at bank and in hand
2,609
244,908
4,929,459
946,130
Creditors: amounts falling due within one year
(3,576,209)
(699,075)
Total assets less current liabilities
1,353,250
247,055
Capital and reserves
Called up share capital
2
200
200
Profit and loss account
1,353,050
246,855
Shareholders' funds
1,353,250
247,055
For the financial 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.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 3 August 2017
Mr A Frenkel
Director
Company Registration No. 09119960
THE LOVELY DISTRIBUTION COMPANY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Revenue recognition
Income is recognised on an accruals basis.
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
85 Ordinary A shares of £1 each
85
85
85 Ordinary B shares of £1 each
85
85
30 Ordinary C shares of £1 each
30
30
200
200