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REGISTERED NUMBER: 04689432 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2018

for

London House Stores Limited

London House Stores Limited (Registered number: 04689432)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Balance Sheet 1

Notes to the Financial Statements 3


London House Stores Limited (Registered number: 04689432)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 55,195 62,988
55,195 62,988

CURRENT ASSETS
Stocks 53,049 50,115
Debtors 6 21,396 19,269
Cash at bank and in hand 351,549 313,527
425,994 382,911
CREDITORS
Amounts falling due within one year 7 111,854 96,260
NET CURRENT ASSETS 314,140 286,651
TOTAL ASSETS LESS CURRENT LIABILITIES 369,335 349,639

CREDITORS
Amounts falling due after more than one year 8 (2,778 ) (7,303 )

PROVISIONS FOR LIABILITIES (9,647 ) (10,942 )
NET ASSETS 356,910 331,394

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 356,908 331,392
SHAREHOLDERS' FUNDS 356,910 331,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

London House Stores Limited (Registered number: 04689432)

Balance Sheet - continued
31 March 2018


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 2018 and were signed on its behalf by:




Mr A P Wellings - Director



Mrs D F Wellings - Director


London House Stores Limited (Registered number: 04689432)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

London House Stores Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address are as below:

Registered number: 04689432

Registered office: C/o London House Stores
Dyffryn Ardudwy
Gwynedd
LL44 2EN

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

London House Stores Limited (Registered number: 04689432)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire
purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over
their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the
future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2017 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 170,000
AMORTISATION
At 1 April 2017
and 31 March 2018 170,000
NET BOOK VALUE
At 31 March 2018 -
At 31 March 2017 -

London House Stores Limited (Registered number: 04689432)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017 238,296
Additions 7,214
At 31 March 2018 245,510
DEPRECIATION
At 1 April 2017 175,308
Charge for year 15,007
At 31 March 2018 190,315
NET BOOK VALUE
At 31 March 2018 55,195
At 31 March 2017 62,988

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2017
and 31 March 2018 14,635
DEPRECIATION
At 1 April 2017 2,125
Charge for year 3,128
At 31 March 2018 5,253
NET BOOK VALUE
At 31 March 2018 9,382
At 31 March 2017 12,510

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 11,300 8,751
Other debtors 10,096 10,518
21,396 19,269

London House Stores Limited (Registered number: 04689432)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Hire purchase contracts 4,525 4,225
Trade creditors 69,059 52,285
Taxation and social security 22,313 24,349
Other creditors 15,957 15,401
111,854 96,260

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.18 31.3.17
£    £   
Hire purchase contracts 2,778 7,303

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2018 and 31 March 2017:

31.3.18 31.3.17
£    £   
Mr A P Wellings
Balance outstanding at start of year 3,663 12,280
Amounts advanced 27,821 18,383
Amounts repaid (27,000 ) (27,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,484 3,663

Mrs D F Wellings
Balance outstanding at start of year 3,663 12,280
Amounts advanced 27,821 18,383
Amounts repaid (27,000 ) (27,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,484 3,663

10. ULTIMATE CONTROLLING PARTY

Throughout the period the company was controlled by Mr & Mrs A P Wellings, who own 100% of the issued ordinary share
capital.