Liquid Dimensions Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03602976 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2014

for

LIQUID DIMENSIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr J H Best

SECRETARY:

Ms N A Tyrer

REGISTERED OFFICE:

42 Crosby Road North

Crosby

Liverpool

Merseyside

L22 4QQ

REGISTERED NUMBER:

03602976 (England and Wales)

ACCOUNTANTS:

Heriot Hughes Chartered Accountants

42 Crosby Road North

Crosby

Merseyside

L22 4QQ

FIXED ASSETS

Tangible assets

2

51

68

CURRENT ASSETS

Cash at bank

84

35

CREDITORS

Amounts falling due within one year

15,964

14,956

NET CURRENT LIABILITIES

(15,880

)

(14,921

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(15,829

)

(14,853

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(15,831

)

(14,855

)

SHAREHOLDERS' FUNDS

(15,829

)

(14,853

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 23 March 2015 and were signed by:

Mr J H Best - 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 services, 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.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Going concern

Although the company is insolvent the accounts have been prepared on the going concern basis. The director

has reviewed the company's financial position and considers this to be an appropriate basis for the preparation

of the accounts. The accounts have been prepared on this basis on the understanding that the director will

continue to provide financial support to the company.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

3,142

DEPRECIATION

At 1 July 2013

3,074

Charge for year

17

At 30 June 2014

3,091

NET BOOK VALUE

At 30 June 2014

51

At 30 June 2013

68

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year under review the company was in receipt of a loan from its director, Mr JH Best. At 30 June 2014

the amount due to Mr Best amounted to £15,522 (2013 - £13,984).

This loan is unsecured and free from interest.