L.T.W.F. Limited (09702038): administration
- Status
- Administration ended
- Administration began
- 2018-05-29
- Administrators
- Steven Phillip Ross, Allan David Kelly
- Administrators' firm
- RSM
- Incorporated
- 2015-07-24
- Location
- Newcastle upon Tyne
- Industry
- 43320 Joinery installation
From the administrators' statement
Relevant extracts from the Company's financial statements for the year ended 31 August 2016 and draft accounts for the year ended 31 August 2017 are summarised below.
Trading profit and loss account Draft accounts Year ended 31 August 2017 2016 Turnover 3,530,942 4,175,840 Cost of sales (2,611,769) | (2,815,795) Gross profit 919,173 1,360,045 Administration expenses (1,294,159) (1,323,380) Net profit before tax (374,986) 36,665 Interest payable and similar (26,585) (19,709) charges (Loss)/Profit on ordinary activities (401,571) 16,956 Tax on profit 5,000 (5,000) (Loss)/Profit for the period £(396,571) £11,956 Balance sheet Draft accounts Year ended 31 August 2017 2016 Fixed assets Intangible assets 168,429 189,489 Tangible assets 21,031 28,408 189,460 217,897 Current assets Stock 40,934 28,469 Debtors 186,669 323,529 Cash at bank and in hand 57,386 88,493 284,989 440,491 Creditors (Due within 1 year) (735,353) (514,248) Net current liabilities (450,364) (73,757) Total assets less current liabilities (260,904) 144,140 Creditors (Due more than 1 year) (123,710) (132,183) £(384,614) £11,975 Capital and reserves Called-up share capital 41 1 Profit and loss account (384,615) 11,956 Sharehoiders’ funds £(384,614) £11,957
Administrators' statement of proposals (2018-07-26) · Companies House register