Registration number:
Ludifi Ltd
for the Period from 1 January 2017 to 31 October 2017
Ludifi Ltd
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Ludifi Ltd
Company Information
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Directors |
Mr R J Gibson Mr S J Nelson Mr N Gibson |
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Registered office |
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Accountants |
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Page 1 |
Ludifi Ltd
(Registration number: 7962238)
Balance Sheet as at 31 October 2017
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Note |
2017 |
2016 |
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Fixed assets |
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Tangible assets |
- |
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Current assets |
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Debtors |
- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
( |
( |
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Provisions for liabilities |
- |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Profit and loss account |
( |
( |
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Total equity |
( |
( |
For the financial period ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
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Page 2 |
Ludifi Ltd
(Registration number: 7962238)
Balance Sheet as at 31 October 2017
Approved and authorised by the
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Mr R J Gibson
Director
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Page 3 |
Ludifi Ltd
Notes to the Financial Statements for the Period from 1 January 2017 to 31 October 2017
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General information |
The company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The company has ceased trading since the 31st October 2017. The financial statements have been prepared on a basis other than that of a going concern which includes, where appropriate, writing down the company’s assets to net realisable value. Provision has also been made for any contractual commitments that have become onerous at the balance sheet date. The financial statements do not include any provision for the future costs of terminating the business of the company except to the extent that such costs were committed at the balance sheet date.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Plant and machinery |
20% straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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Page 4 |
Ludifi Ltd
Notes to the Financial Statements for the Period from 1 January 2017 to 31 October 2017
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Tangible assets |
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Plant and machinery |
Total |
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Cost or valuation |
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At 1 January 2017 |
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Disposals |
( |
( |
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At 31 October 2017 |
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Depreciation |
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At 1 January 2017 |
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Charge for the year |
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At 31 October 2017 |
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Carrying amount |
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At 31 October 2017 |
- |
- |
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At 31 December 2016 |
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Debtors |
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2017 |
2016 |
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Other debtors |
- |
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Total current trade and other debtors |
- |
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Page 5 |
Ludifi Ltd
Notes to the Financial Statements for the Period from 1 January 2017 to 31 October 2017
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Creditors |
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Note |
2017 |
2016 |
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Due within one year |
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Trade creditors |
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- |
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Taxation and social security |
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( |
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Other creditors |
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Page 6 |