For the year ended 30 November 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 09306832
Loisivy Ltd
For the year ended 30 November 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Loisivy Ltd
Chartered Accountants' Report
For the year ended 30 November 2016
Chartered Accountants' Report to the Board of Directors
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the accounts of Loisivy Ltd for
|
the year ended
30
November
2016
which comprise the Profit and Loss Account
,
the Balance Sheet and the related notes from the
|
company
'
s accounting records and from information and explanations you have given us
.
|
As a practising firm of the Institute of Chartered Accountants in England and Wales
(
ICAEW
)
,
we are subject to its ethical and other
|
professional requirements which are detailed at icaew
.
com
/
membershandbook
.
|
This report is made solely to the Board of Directors of Loisivy Ltd
,
as a body
,
in accordance with the terms of our engagement letter
|
dated
.
Our work has been undertaken solely to prepare for your approval the accounts of Loisivy Ltd and state those matters that we
|
have agreed to state to the Board of Directors of Loisivy Ltd
,
as a body
,
in this report in accordance with AAF
2
/
10
as detailed at
|
icaew
.
com
/
compilation
.
To the fullest extent permitted by law
,
we do not accept or assume responsibility to anyone other than Loisivy
|
Ltd and its Board of Directors as a body for our work or for this report
.
|
It is your duty to ensure that Loisivy Ltd has kept adequate accounting records to prepare statutory accounts that give a true and fair
|
view of the assets
,
liabilities
,
financial position and profit of Loisivy Ltd
.
You consider that Loisivy Ltd is exempt from the statutory audit
|
requirement for the year
.
|
We have not been instructed to carry out an audit or a review of the accounts of Loisivy Ltd
.
For this reason
,
we have not verified the
|
accuracy or completeness of the accounting records or information and explanations you have given to us and we do not
,
therefore
,
|
express any opinion on the statutory accounts
.
|
C.T. Associates
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
1 of 4
Abbreviated Balance Sheet
|
Loisivy Ltd
2016
2015
2
8,292
11,056
8,292
11,056
12,444
18,815
12,444
18,815
Creditors
:
amounts falling due within one year
|
(25,275)
(19,996)
(6,460)
(7,552)
Net current liabilities
Total assets less current liabilities
|
740
4,596
740
Net assets
4,596
100
3
100
640
4,496
740
4,596
Shareholders funds
For the year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Director 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;
|
2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
|
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 06 September 2017
|
Signed on behalf of the board of directors
|
2 of 4
Notes to the Abbreviated Financial Statements
|
Loisivy Ltd
For the year ended 30 November 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).
|
The director has, at the time of approving the financial statements, a reasonable expectation that the company has adequate resourses to continue in operational existance for the foreseeable future. Thus the director has continued to adopt the going concern basis of accounting in preparing the financial statements.
|
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
.
|
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:
|
Plant and Machinery
14,741
14,741
3,685
2,764
Charge for year
6,449
8,292
11,056
3 of 4
Notes to the Abbreviated Financial Statements
|
Loisivy Ltd
For the year ended 30 November 2016
Allotted called up and fully paid
|
2016
2015
75
Ordinary A shares of £
1
.
00
each
|
75
75
25
Ordinary B shares of £
1
.
00
each
|
25
25
100
100
4 of 4