Lexis (Biggleswade) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08601482 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 8 JULY 2013 TO 31 DECEMBER 2014

FOR

LEXIS (BIGGLESWADE) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G B Denny

Mrs E M Denny

S Denny

SECRETARY:

Mrs E M Denny

REGISTERED OFFICE:

71 High Street

Gt Barford

Bedford

Bedfordshire

MK44 3LF

REGISTERED NUMBER:

08601482 (England and Wales)

ACCOUNTANTS:

Darrington & Co Limited

71 High Street

Gt Barford

Bedford

Bedfordshire

MK44 3LF

FIXED ASSETS

Intangible assets

2

21,500

Tangible assets

3

1,838

23,338

CURRENT ASSETS

Stocks

26,531

Debtors

47,982

Cash at bank

8,843

83,356

CREDITORS

Amounts falling due within one year

104,133

NET CURRENT LIABILITIES

(20,777

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,561

PROVISIONS FOR LIABILITIES

164

NET ASSETS

2,397

CAPITAL AND RESERVES

Called up share capital

4

200

Profit and loss account

2,197

SHAREHOLDERS' FUNDS

2,397

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

The members have not required the company to obtain an audit of its financial statements for the period 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 18 March 2015 and were signed on its behalf by:

G B Denny - Director

Mrs E M Denny - Director

S Denny - 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, excluding Value Added Tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

30,000

At 31 December 2014

30,000

AMORTISATION

Amortisation for period

8,500

At 31 December 2014

8,500

NET BOOK VALUE

At 31 December 2014

21,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

2,729

At 31 December 2014

2,729

DEPRECIATION

Charge for period

891

At 31 December 2014

891

NET BOOK VALUE

At 31 December 2014

1,838

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100

A Non voting ordinary

£1

100

200

The following shares were allotted and fully paid for cash at par during the period:

100 Ordinary shares of £1 each

100 A Non voting ordinary shares of £1 each