ALL_LED_LIMITED - Accounts

ALL LED LIMITED - Company Information

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Company Registration No. 08904747 (England and Wales)

ALL LED LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2014

ALL LED LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ALL LED LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

Notes

Fixed assets

Tangible assets

23,301

Current assets

Stocks

189,905

Debtors

388,971

Cash at bank and in hand

24,793

603,669

Creditors: amounts falling due within one year

(619,264)

Net current liabilities

(15,595)

Total assets less current liabilities

7,706

Capital and reserves

Called up share capital

80,000

Profit and loss account

(72,294)

Shareholders' funds

7,706

For the financial period ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 9 March 2015

Mr D R Gemmell

Mr J A Shemie

Director

Company Registration No. 08904747

ALL LED LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 DECEMBER 2014

- 2 -

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).

These financial statements have been prepared on the assumption that the company will continue in operational existence for the foreseeable future.

The validity of this assumption depends on the continuing support of the directors and creditors.

If the company was unable to continue in existence for the foreseeable future, adjustments would be necessary to reduce the balance sheet values of assets to their recoverable amounts, to reclassify fixed assets and long term liabilities as current assets and current liabilities respectively and to provide for further liabilities which might arise.

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.

1.3

Turnover

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

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:

Plant and machinery

33% reducing balance

Computer equipment

33% reducing balance

Fixtures, fittings & equipment

20% reducing balance

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

ALL LED LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 20 February 2014

Additions

32,015

At 31 December 2014

32,015

Depreciation

At 20 February 2014

Charge for the period

8,714

At 31 December 2014

8,714

Net book value

At 31 December 2014

23,301

Share capital

2014

Allotted, called up and fully paid

40,000 Ordinary-A shares of £1 each

40,000

40,000 Ordinary-B shares of £1 each

40,000

80,000

During the year 40,000 Ordinary-A shares of £1 each and 40,000 Ordinary-B shares of £1 each were allotted and fully paid at par.

All categories of shares rank pari passu in all respects, save that the Ordinary-A shares have attached to them one and a half times the voting and distribution rights of the Ordinary-B shares.