L & I Construction Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04384902 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

L & I Construction Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr Ian McCourt

REGISTERED OFFICE:

26 Moncktons Lane

Maidstone

Kent

ME14 2PY

REGISTERED NUMBER:

04384902 (England and Wales)

ACCOUNTANTS:

Harding & Co Limited

22 New Road

Chatham

Kent

ME4 4QR

FIXED ASSETS

Tangible assets

2

2,743

3,658

CURRENT ASSETS

Stocks

8,275

6,250

Debtors

14,786

36,810

23,061

43,060

CREDITORS

Amounts falling due within one year

26,047

46,598

NET CURRENT LIABILITIES

(2,986

)

(3,538

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(243

)

120

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(244

)

119

SHAREHOLDERS' FUNDS

(243

)

120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 16 February 2015 and were signed by:

Mr Ian McCourt - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable

overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

17,626

DEPRECIATION

At 1 April 2013

13,968

Charge for year

915

At 31 March 2014

14,883

NET BOOK VALUE

At 31 March 2014

2,743

At 31 March 2013

3,658

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

1

ordinary

£1

1

1