Lilac Smile Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04888379 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 30th September 2014

for

Lilac Smile Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr B G Austin

SECRETARY:

Mrs P George

REGISTERED OFFICE:

St Johns Head

58 North Quay

Great Yarmouth

Norfolk

NR30 1HR

REGISTERED NUMBER:

04888379 (England and Wales)

ACCOUNTANTS:

Aston Shaw

7 Church Plain

Great Yarmouth

Norfolk

NR30 1PL

FIXED ASSETS

Tangible assets

2

1,883

2,479

CURRENT ASSETS

Stocks

3,948

3,760

Debtors

19

-

Cash at bank and in hand

393

751

4,360

4,511

CREDITORS

Amounts falling due within one year

16,636

13,382

NET CURRENT LIABILITIES

(12,276

)

(8,871

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(10,393

)

(6,392

)

PROVISIONS FOR LIABILITIES

377

-

NET LIABILITIES

(10,770

)

(6,392

)

CAPITAL AND RESERVES

Called up share capital

3

4

4

Profit and loss account

(10,774

)

(6,396

)

SHAREHOLDERS' FUNDS

(10,770

)

(6,392

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 17th March 2015 and were signed by:

Mr B G Austin - 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.

Fixtures and fittings

-

25% on reducing balance

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.

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.

Going concern

These financial statements have been prepared using the going concern basis. The directors consider this basis to

be appropriate but have not assessed a period in excess of 12 months from the date of approving the accounts.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2013

and 30th September 2014

14,498

DEPRECIATION

At 1st October 2013

12,019

Charge for year

596

At 30th September 2014

12,615

NET BOOK VALUE

At 30th September 2014

1,883

At 30th September 2013

2,479

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/14

30/9/13

value:

£

£

4

Ordinary

£1.00

4

4