Library Distribution Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04262468 (England and Wales)

Abbreviated Accounts for the Year Ended 31 July 2014

for

Library Distribution Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr DJ Cressey

SECRETARY:

Mrs H M Cressey

REGISTERED OFFICE:

Bridge End Farm

Long Preston

Skipton

North Yorkshire

BD23 4NN

REGISTERED NUMBER:

04262468 (England and Wales)

ACCOUNTANTS:

Towers + Gornall Ltd

Chartered Certified Accountants

Abacus House

The Ropewalk

Garstang

Preston

Lancashire

PR3 1NS

FIXED ASSETS

Tangible assets

2

284

379

CURRENT ASSETS

Stocks

1,000

5,000

Debtors

5,855

6,881

Cash at bank

26,534

34,749

33,389

46,630

CREDITORS

Amounts falling due within one year

32,835

45,923

NET CURRENT ASSETS

554

707

TOTAL ASSETS LESS CURRENT LIABILITIES

838

1,086

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

738

986

SHAREHOLDERS' FUNDS

838

1,086

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 27 February 2015 and were signed by:

Mr DJ Cressey - 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.

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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 August 2013

and 31 July 2014

965

DEPRECIATION

At 1 August 2013

586

Charge for year

95

At 31 July 2014

681

NET BOOK VALUE

At 31 July 2014

284

At 31 July 2013

379

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

99

Ordinary

£1

100

100