L F Moon Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 00830707 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2014

for

L F Moon Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D R Moon

M L Moon

J Moon

SECRETARY:

Mrs M Moon

REGISTERED OFFICE:

Unit 12

Brickfields

Huyton Industrial Estate

Liverpool

Merseyside

L36 6HY

REGISTERED NUMBER:

00830707 (England and Wales)

ACCOUNTANTS:

Alexander Myerson & Co Limited

Alexander House

61 Rodney Street

Liverpool

Merseyside

L1 9ER

FIXED ASSETS

Tangible assets

2

590,429

554,442

CURRENT ASSETS

Stocks

24,195

32,583

Debtors

204,370

196,432

Cash at bank and in hand

3,955

5,013

232,520

234,028

CREDITORS

Amounts falling due within one year

3

270,680

235,875

NET CURRENT LIABILITIES

(38,160

)

(1,847

)

TOTAL ASSETS LESS CURRENT LIABILITIES

552,269

552,595

CREDITORS

Amounts falling due after more than one year

3

220,002

194,105

NET ASSETS

332,267

358,490

CAPITAL AND RESERVES

Called up share capital

4

10,000

10,000

Revaluation reserve

340,510

344,394

Profit and loss account

(18,243

)

4,096

SHAREHOLDERS' FUNDS

332,267

358,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 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 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 Board of Directors on 21 January 2015 and were signed on its behalf by:

D R Moon - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

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

Freehold property

-

in accordance with the property

Plant and machinery

-

20% on cost and 10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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

Deferred tax

Provision is made at current rates for taxation deferred in respect of all material timing differences except to the

extent that, in the opinion of the directors, there is a reasonable probability that the liability will not arise in the

foreseeable future.

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 the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Government grants

Grants received relating to fixed assets, are treated as deferred income which is credited to the profit and loss

account by instalments over the expected useful economic life of the related asset on a basis consistent with the

depreciation policy.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 December 2013

1,031,535

Additions

76,729

Disposals

(72,500

)

At 30 November 2014

1,035,764

DEPRECIATION

At 1 December 2013

477,093

Charge for year

40,742

Eliminated on disposal

(72,500

)

At 30 November 2014

445,335

NET BOOK VALUE

At 30 November 2014

590,429

At 30 November 2013

554,442

3.

CREDITORS

Creditors include an amount of £ 195,746 (30.11.13 - £ 160,168 ) for which security has been given.

They also include the following debts falling due in more than five years:

30.11.14

30.11.13

£

£

Repayable by instalments

135,000

135,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

£

£

10,000

Ordinary

£1

10,000

10,000