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REGISTERED NUMBER: 02990395








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

FOR

LOTHBURY LIMITED

LOTHBURY LIMITED (REGISTERED NUMBER: 02990395)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LOTHBURY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 April 2018







DIRECTORS: Mr I R Gray
Mrs D B Gray





REGISTERED OFFICE: Droys Court
Cirencester Road
Little Witcombe
Gloucestershire
GL3 4TN





REGISTERED NUMBER: 02990395





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

LOTHBURY LIMITED (REGISTERED NUMBER: 02990395)

BALANCE SHEET
30 April 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 142,242 105,845
142,242 105,845

CURRENT ASSETS
Stocks 6 1,500 1,500
Debtors 7 164,112 172,837
165,612 174,337
CREDITORS
Amounts falling due within one year 8 189,658 188,854
NET CURRENT LIABILITIES (24,046 ) (14,517 )
TOTAL ASSETS LESS CURRENT LIABILITIES 118,196 91,328

CREDITORS
Amounts falling due after more than one year 9 70,010 48,086
NET ASSETS 48,186 43,242

CAPITAL AND RESERVES
Called up share capital 12 3,560 3,560
Share premium 13 64,350 64,350
Retained earnings 13 (19,724 ) (24,668 )
SHAREHOLDERS' FUNDS 48,186 43,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 13 November 2018 and were signed on its behalf by:





Mr I R Gray - Director


LOTHBURY LIMITED (REGISTERED NUMBER: 02990395)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2018

1. STATUTORY INFORMATION

Lothbury Limited is a private company, limited by shares , registered in Not specified/Other. 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 is amortised through the profit and loss account in equal instalments over it's estimated useful life.

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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

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.

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.

LOTHBURY LIMITED (REGISTERED NUMBER: 02990395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2018

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 37 (2017 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2017
and 30 April 2018 24,095
AMORTISATION
At 1 May 2017
and 30 April 2018 24,095
NET BOOK VALUE
At 30 April 2018 -
At 30 April 2017 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2017 130,130 4,852 248,970 383,952
Additions 34,642 - 58,780 93,422
Disposals - - (13,000 ) (13,000 )
At 30 April 2018 164,772 4,852 294,750 464,374
DEPRECIATION
At 1 May 2017 108,078 4,279 165,750 278,107
Charge for year 8,101 230 43,494 51,825
Eliminated on disposal - - (7,800 ) (7,800 )
At 30 April 2018 116,179 4,509 201,444 322,132
NET BOOK VALUE
At 30 April 2018 48,593 343 93,306 142,242
At 30 April 2017 22,052 573 83,220 105,845

LOTHBURY LIMITED (REGISTERED NUMBER: 02990395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2018

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2017 54,001 173,517 227,518
Additions 13,025 54,174 67,199
Disposals - (13,000 ) (13,000 )
At 30 April 2018 67,026 214,691 281,717
DEPRECIATION
At 1 May 2017 16,911 91,866 108,777
Charge for year 5,925 41,004 46,929
Eliminated on disposal - (7,800 ) (7,800 )
At 30 April 2018 22,836 125,070 147,906
NET BOOK VALUE
At 30 April 2018 44,190 89,621 133,811
At 30 April 2017 37,090 81,651 118,741

6. STOCKS
2018 2017
£    £   
Stocks 1,500 1,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 164,112 171,837
Prepayments - 1,000
164,112 172,837

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts (see note 10) 57,652 62,944
Hire purchase contracts (see note 11) 42,148 34,193
Trade creditors 17,165 20,591
Tax 14,093 17,706
Social security and other taxes 3,727 4,325
VAT 52,238 46,744
Other creditors 634 346
Directors' current accounts 6 10
Accrued expenses 1,995 1,995
189,658 188,854

LOTHBURY LIMITED (REGISTERED NUMBER: 02990395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2018

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Hire purchase contracts (see note 11) 70,010 48,086

10. LOANS

An analysis of the maturity of loans is given below:

2018 2017
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 57,652 62,944

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2018 2017
£    £   
Net obligations repayable:
Within one year 42,148 34,193
Between one and five years 70,010 48,086
112,158 82,279

Non-cancellable operating
leases
2018 2017
£    £   
Within one year 15,400 14,400

.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
2,700 Ordinary 'A' Shares 1 2,700 2,700
680 Ordinary 'B' Shares 1 680 680
180 Ordinary 'C' Shares 1 180 180
3,560 3,560

LOTHBURY LIMITED (REGISTERED NUMBER: 02990395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2018

13. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 May 2017 (24,668 ) 64,350 39,682
Profit for the year 97,434 97,434
Dividends (92,490 ) (92,490 )
At 30 April 2018 (19,724 ) 64,350 44,626

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors is an amount of £6 (2017 : £10) owing to the director.

During the year dividends were paid to the directors as follows:

Mr & Mrs Gray £69,230 (2017: £42,500)

Mr S Jones £23,260 (2017: £24,100)

15. ULTIMATE CONTROLLING PARTY

The controlling party is Mr I R Gray.