IRIS Accounts Production v17.2.1.52 05692543 Board of Directors 1.2.16 31.1.17 31.1.17 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure056925432016-01-31056925432017-01-31056925432016-02-012017-01-31056925432015-01-31056925432015-02-012016-01-31056925432016-01-3105692543ns15:EnglandWales2016-02-012017-01-3105692543ns14:PoundSterling2016-02-012017-01-3105692543ns10:Director12016-02-012017-01-3105692543ns10:PrivateLimitedCompanyLtd2016-02-012017-01-3105692543ns10:SmallEntities2016-02-012017-01-3105692543ns10:AuditExempt-NoAccountantsReport2016-02-012017-01-3105692543ns10:SmallCompaniesRegimeForDirectorsReport2016-02-012017-01-3105692543ns10:SmallCompaniesRegimeForAccounts2016-02-012017-01-3105692543ns10:FullAccounts2016-02-012017-01-310569254312016-02-012017-01-3105692543ns10:Director22016-02-012017-01-3105692543ns10:CompanySecretary12016-02-012017-01-3105692543ns10:RegisteredOffice2016-02-012017-01-3105692543ns5:CurrentFinancialInstruments2017-01-3105692543ns5:CurrentFinancialInstruments2016-01-3105692543ns5:ShareCapital2017-01-3105692543ns5:ShareCapital2016-01-3105692543ns5:RetainedEarningsAccumulatedLosses2017-01-3105692543ns5:RetainedEarningsAccumulatedLosses2016-01-3105692543ns5:NetGoodwill2016-02-012017-01-3105692543ns5:IntangibleAssetsOtherThanGoodwill2016-02-012017-01-3105692543ns5:PlantMachinery2016-02-012017-01-3105692543ns5:FurnitureFittings2016-02-012017-01-3105692543ns5:MotorVehicles2016-02-012017-01-3105692543ns5:ComputerEquipment2016-02-012017-01-3105692543ns5:NetGoodwill2016-01-3105692543ns5:NetGoodwill2017-01-3105692543ns5:NetGoodwill2016-01-3105692543ns5:PlantMachinery2016-01-3105692543ns5:FurnitureFittings2016-01-3105692543ns5:MotorVehicles2016-01-3105692543ns5:ComputerEquipment2016-01-3105692543ns5:PlantMachinery2017-01-3105692543ns5:FurnitureFittings2017-01-3105692543ns5:MotorVehicles2017-01-3105692543ns5:ComputerEquipment2017-01-3105692543ns5:PlantMachinery2016-01-3105692543ns5:FurnitureFittings2016-01-3105692543ns5:MotorVehicles2016-01-3105692543ns5:ComputerEquipment2016-01-3105692543ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-01-3105692543ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-01-3105692543ns10:Director112016-01-3105692543ns10:Director112015-01-3105692543ns10:Director112016-02-012017-01-3105692543ns10:Director112015-02-012016-01-3105692543ns10:Director112017-01-3105692543ns10:Director112016-01-3105692543ns10:Director222016-01-3105692543ns10:Director222015-01-3105692543ns10:Director222016-02-012017-01-3105692543ns10:Director222015-02-012016-01-3105692543ns10:Director222017-01-3105692543ns10:Director222016-01-31


REGISTERED NUMBER: 05692543 (England and Wales)















LUA LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017






LUA LIMITED (REGISTERED NUMBER: 05692543)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LUA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2017







DIRECTORS: E P Murphy
Mrs E J Noble





SECRETARY: Mrs E J Noble





REGISTERED OFFICE: The Old Coopers
28 Binswood End
Harbury
Leamington Spa
Warwickshire
CV33 9LN





REGISTERED NUMBER: 05692543 (England and Wales)





ACCOUNTANTS: Murphy Salisbury Limited
Chartered Accountants
15 Warwick Road
Stratford upon Avon
Warwickshire
CV37 6YW

LUA LIMITED (REGISTERED NUMBER: 05692543)

BALANCE SHEET
31 JANUARY 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,258 4,264
Investments 6 10,962 9,689
13,220 13,953

CURRENT ASSETS
Stocks 165,028 138,415
Debtors 7 101,681 155,360
Cash at bank 530,900 412,877
797,609 706,652
CREDITORS
Amounts falling due within one year 8 79,949 119,551
NET CURRENT ASSETS 717,660 587,101
TOTAL ASSETS LESS CURRENT
LIABILITIES

730,880

601,054

PROVISIONS FOR LIABILITIES 227 628
NET ASSETS 730,653 600,426

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 730,553 600,326
SHAREHOLDERS' FUNDS 730,653 600,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

LUA LIMITED (REGISTERED NUMBER: 05692543)

BALANCE SHEET - continued
31 JANUARY 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 October 2017 and were signed on its behalf by:





E P Murphy - Director


LUA LIMITED (REGISTERED NUMBER: 05692543)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017

1. STATUTORY INFORMATION

LUA Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website - 20% straight line basis
Fixtures and fittings - 20% straight line basis
Motor vehicles - 25% straight line basis
Computer equipment - 33.3% straight line basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

LUA LIMITED (REGISTERED NUMBER: 05692543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2017

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2016
and 31 January 2017 60,000
AMORTISATION
At 1 February 2016
and 31 January 2017 60,000
NET BOOK VALUE
At 31 January 2017 -
At 31 January 2016 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
Website fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2016 3,192 10,388 7,750 4,574 25,904
Additions - 535 - 225 760
At 31 January 2017 3,192 10,923 7,750 4,799 26,664
DEPRECIATION
At 1 February 2016 2,553 7,915 7,750 3,422 21,640
Charge for year 639 1,172 - 955 2,766
At 31 January 2017 3,192 9,087 7,750 4,377 24,406
NET BOOK VALUE
At 31 January 2017 - 1,836 - 422 2,258
At 31 January 2016 639 2,473 - 1,152 4,264

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2017 2016
£    £   
Other investments 10,962 9,689

LUA LIMITED (REGISTERED NUMBER: 05692543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2017

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 46,871 57,741
Other debtors 54,810 97,619
101,681 155,360

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 896 6,670
Taxation and social security 74,549 69,865
Other creditors 4,504 43,016
79,949 119,551

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2017 and
31 January 2016:

2017 2016
£    £   
E P Murphy
Balance outstanding at start of year (19,187 ) (20,472 )
Amounts advanced 66,273 37,599
Amounts repaid (43,714 ) (36,314 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,372 (19,187 )

Mrs E J Noble
Balance outstanding at start of year (18,924 ) (20,209 )
Amounts advanced 66,273 37,599
Amounts repaid (43,714 ) (36,314 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,635 (18,924 )