Lamps Tubes & Lighting Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03284081 (England and Wales)

LAMPS TUBES & LIGHTING LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

F Goodes

Mrs D M Goodes

SECRETARY:

Mrs D M Goodes

REGISTERED OFFICE:

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

REGISTERED NUMBER:

03284081 (England and Wales)

ACCOUNTANTS:

Phipps Henson McAllister

Chartered Accountants

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

FIXED ASSETS

Tangible assets

2

5,125

1,859

CURRENT ASSETS

Stocks

57,984

56,434

Debtors

10,810

17,382

Cash at bank and in hand

40,839

23,340

109,633

97,156

CREDITORS

Amounts falling due within one year

100,141

87,621

NET CURRENT ASSETS

9,492

9,535

TOTAL ASSETS LESS CURRENT LIABILITIES

14,617

11,394

PROVISIONS FOR LIABILITIES

1,025

-

NET ASSETS

13,592

11,394

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

13,492

11,294

SHAREHOLDERS' FUNDS

13,592

11,394

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 4 March 2015 and were signed on its behalf by:

F Goodes - 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, fittings & equipment

-

25% on reducing balance

Motor vehicles

-

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.

Pension costs and other post-retirement benefits

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

40,748

Additions

5,848

Disposals

(11,630

)

At 31 December 2014

34,966

DEPRECIATION

At 1 January 2014

38,889

Charge for year

1,709

Eliminated on disposal

(10,757

)

At 31 December 2014

29,841

NET BOOK VALUE

At 31 December 2014

5,125

At 31 December 2013

1,859

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100