Laura's Limos Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04529585 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2013

FOR

LAURA'S LIMOS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P R Page

T L Page

REGISTERED OFFICE:

Cliff Service Station

Brigg Road

Scampton

Lincoln

Lincolnshire

LN1 2SY

REGISTERED NUMBER:

04529585 (England and Wales)

ACCOUNTANTS:

Russell Payne & Co Limited

Landmark House

1 Riseholme Road

Lincoln

Lincolnshire

LN1 3SN

FIXED ASSETS

Intangible assets

2

7,500

8,250

Tangible assets

3

16,678

19,927

24,178

28,177

CURRENT ASSETS

Debtors

768

956

Cash at bank

1,807

388

2,575

1,344

CREDITORS

Amounts falling due within one year

20,500

21,403

NET CURRENT LIABILITIES

(17,925

)

(20,059

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,253

8,118

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

6,252

8,117

SHAREHOLDERS' FUNDS

6,253

8,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 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 22 July 2014 and were signed on its behalf by:

P R Page - 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 services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

and 30 November 2013

15,000

AMORTISATION

At 1 December 2012

6,750

Amortisation for year

750

At 30 November 2013

7,500

NET BOOK VALUE

At 30 November 2013

7,500

At 30 November 2012

8,250

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

27,400

Additions

1,905

At 30 November 2013

29,305

DEPRECIATION

At 1 December 2012

7,473

Charge for year

5,154

At 30 November 2013

12,627

NET BOOK VALUE

At 30 November 2013

16,678

At 30 November 2012

19,927

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

1

Ordinary (A)

£1

1

1