Abbreviated Company Accounts - LOLISS LIMITED

06601654 LOLISS LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 06601654 2013-06-01 2014-05-31 06601654 2014-05-31 06601654 2013-05-31 06601654 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 06601654 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 06601654

LOLISS LIMITED

Abbreviated Accounts

31 May 2014

LOLISS LIMITED Registered Number 06601654

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,825	283
		1,825	283
Current assets
Debtors		80,000	78,000
Cash at bank and in hand		34,959	49,900
		114,959	127,900
Creditors: amounts falling due within one year		(25,848)	(12,197)
Net current assets (liabilities)		89,111	115,703
Total assets less current liabilities		90,936	115,986
Total net assets (liabilities)		90,936	115,986
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		90,934	115,984
Shareholders' funds		90,936	115,986

For the year ending 31 May 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 February 2015

And signed on their behalf by:
J Barber, Director

LOLISS LIMITED Registered Number 06601654

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
1 Accounting policies
1.1 Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2 Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied
consistently (except as otherwise stated).

Turnover policy
1.3 Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
1.4 Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to
write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment 25% reducing balance

Valuation information and policy
1.5 Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates
of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate
ruling at the date of the transaction. All differences are taken to profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 June 2013	669
Additions	2,150
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	2,819
Depreciation
At 1 June 2013	386
Charge for the year	608
On disposals	-
At 31 May 2014	994
Net book values
At 31 May 2014	1,825
At 31 May 2013	283

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2