Laminvale Ltd - Limited company - abbreviated

REGISTERED NUMBER: 04077953 (England and Wales)

LAMINVALE LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

6

DIRECTORS:

Mrs S J Hamson

Mr C M Hamson

REGISTERED OFFICE:

81 Burton Road

Derby

Derbyshire

DE1 1TJ

REGISTERED NUMBER:

04077953 (England and Wales)

ACCOUNTANTS:

Johnson Tidsall Limited

Chartered Accountants

81 Burton Road

Derby

Derbyshire

DE1 1TJ

FIXED ASSETS

Intangible assets

2

-

3,000

Tangible assets

3

46,370

19,892

46,370

22,892

CURRENT ASSETS

Stocks

205,649

243,702

Debtors

101,218

66,891

Cash at bank

292,678

257,500

599,545

568,093

CREDITORS

Amounts falling due within one year

136,544

124,594

NET CURRENT ASSETS

463,001

443,499

TOTAL ASSETS LESS CURRENT
LIABILITIES

509,371

466,391

PROVISIONS FOR LIABILITIES

3,243

3,074

NET ASSETS

506,128

463,317

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

506,028

463,217

SHAREHOLDERS' FUNDS

506,128

463,317

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 14 July 2014 and were signed on its
behalf by:

Mrs S J Hamson - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Improvements to property

-

Straight line over 15 years

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling

at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual

arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument

is any contract that evidences a residual interest in the assets of the company after deducting all of

its liabilities.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

and 30 November 2013

30,000

AMORTISATION

At 1 December 2012

27,000

Amortisation for year

3,000

At 30 November 2013

30,000

NET BOOK VALUE

At 30 November 2013

-

At 30 November 2012

3,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

38,323

Additions

32,058

At 30 November 2013

70,381

DEPRECIATION

At 1 December 2012

18,431

Charge for year

5,580

At 30 November 2013

24,011

NET BOOK VALUE

At 30 November 2013

46,370

At 30 November 2012

19,892

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

100

Ordinary

£1

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2013

and 30 November 2012:

2013

2012

£

Mr C M Hamson and Mrs S J Hamson

Balance outstanding at start of year

(2,974

)

-

Amounts advanced

9,327

-

Amounts repaid

-

(2,974

)

Balance outstanding at end of year

6,353

(2,974

)

Laminvale Ltd - Limited company - abbreviated - 11.0.0

Laminvale Ltd - Limited company - abbreviated - 11.0.0