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L.Holden Limited 00169549 false true 2015-09-01 2016-08-31 2016-08-31 00169549 2015-09-01 2016-08-31 00169549 2016-08-31 00169549 uk-bus:OrdinaryShareClass1 2016-08-31 00169549 uk-bus:Director1 2015-09-01 2016-08-31 00169549 uk-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 00169549 uk-gaap:MotorVehicles 2015-09-01 2016-08-31 00169549 uk-gaap:OfficeEquipment 2015-09-01 2016-08-31 00169549 2015-08-31 00169549 2015-08-31 00169549 uk-bus:OrdinaryShareClass1 2015-08-31 iso4217:GBP xbrli:shares

Registration number: 00169549

L.Holden Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2016
 

MacMahon Leggate
Chartered Accountants
Charter House
18-20 Finsley Gate
Burnley
BB11 2HA

 
image-name
 

L.Holden Limited
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3 to 4

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
L.Holden Limited
for the Year Ended 31 August 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of L.Holden Limited for the year ended 31 August 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member 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 L.Holden Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of L.Holden Limited and state those matters that we have agreed to state to them, 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 L.Holden Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that L.Holden Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of L.Holden Limited. You consider that L.Holden Limited 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 L.Holden Limited. 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.

......................................

MacMahon Leggate
Chartered Accountants
Charter House
18-20 Finsley Gate
Burnley
Lancashire
BB11 2HA

3 February 2017

 

L.Holden Limited
(Registration number: 00169549)
Abbreviated Balance Sheet at 31 August 2016

   

Note

   

2016
£

   

2015
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

54,683

   

79,789

 

Current assets

 

             

Debtors

 

   

31,675

   

38,122

 

Cash at bank and in hand

 

   

18,009

   

11,728

 
   

   

49,684

   

49,850

 

Creditors: Amounts falling due within one year

 

   

(70,149)

   

(65,942)

 

Net current liabilities

 

   

(20,465)

   

(16,092)

 

Total assets less current liabilities

 

   

34,218

   

63,697

 

Creditors: Amounts falling due after more than one year

 

   

(21,893)

   

(57,813)

 

Provisions for liabilities

 

   

(1,221)

   

-

 

Net assets

 

   

11,104

   

5,884

 

Capital and reserves

 

             

Called up share capital

 

3

   

1,000

   

1,000

 

Profit and loss account

 

   

10,104

   

4,884

 

Shareholders' funds

 

   

11,104

   

5,884

 

For the year ending 31 August 2016 the company was entitled to exemption 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 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 .

Approved by the director on 3 February 2017

.........................................
Mr Neville Holden
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

L.Holden Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Office equipment

25% on written down value

Motor vehicles

25% on written down value

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

 

L.Holden Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

2

Fixed assets

 

Tangible assets
£

   

Total
£

 

Cost

 

   

 

At 1 September 2015

 

163,938

   

163,938

 

Disposals

 

(87,000)

   

(87,000)

 

At 31 August 2016

 

76,938

   

76,938

 

Depreciation

 

   

 

At 1 September 2015

 

84,149

   

84,149

 

Charge for the year

 

18,227

   

18,227

 

Eliminated on disposals

 

(80,121)

   

(80,121)

 

At 31 August 2016

 

22,255

   

22,255

 

Net book value

 

   

 

At 31 August 2016

 

54,683

   

54,683

 

At 31 August 2015

 

79,789

   

79,789

 

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

1,000

   

1,000

   

1,000

   

1,000