Abbreviated Company Accounts - LITA DEVELOPMENTS LTD

LITA DEVELOPMENTS LTD - Company Information

08393085 LITA DEVELOPMENTS LTD 2014-12-31 false 2014-01-01 2014-12-31 true 08393085 2014-01-01 2014-12-31 08393085 2014-12-31 08393085 2013-12-31 08393085 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 08393085 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 08393085

LITA DEVELOPMENTS LTD

Abbreviated Accounts

31 December 2014

LITA DEVELOPMENTS LTD Registered Number 08393085

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Current assets
Stocks		456,811	681,293
Debtors		415,881	1,065
Cash at bank and in hand		135,192	5,493
		1,007,884	687,851
Creditors: amounts falling due within one year		(913,774)	(687,121)
Net current assets (liabilities)		94,110	730
Total assets less current liabilities		94,110	730
Total net assets (liabilities)		94,110	730
Capital and reserves
Called up share capital	2	1,000	1,000
Profit and loss account		93,110	(270)
Shareholders' funds		94,110	730

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 March 2015

And signed on their behalf by:
Xhevat Lita, Director

LITA DEVELOPMENTS LTD Registered Number 08393085

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Other accounting policies
Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Costs includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
The company buys assets that are used for development properties and sold once development is completed. The stock is valued at the cost of purchase of the site. The company includes work in progress for development costs paid to the contractor.

2Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000