Abbreviated Company Accounts - LANGCRAIG ENTERPRISES LIMITED

LANGCRAIG ENTERPRISES LIMITED - Company Information

Registered Number SC269730

LANGCRAIG ENTERPRISES LIMITED

Abbreviated Accounts

30 June 2014

LANGCRAIG ENTERPRISES LIMITED Registered Number SC269730

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	19,975	19,975
Tangible assets	3	393	784
Investments	4	650	650
		21,018	21,409
Creditors: amounts falling due within one year		(7,160)	(9,221)
Net current assets (liabilities)		(7,160)	(9,221)
Total assets less current liabilities		13,858	12,188
Creditors: amounts falling due after more than one year		(5,608)	(2,565)
Total net assets (liabilities)		8,250	9,623
Capital and reserves
Called up share capital		2	2
Profit and loss account		8,248	9,621
Shareholders' funds		8,250	9,623

For the year ending 30 June 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 31 March 2015

And signed on their behalf by:
A H Craig, Director

LANGCRAIG ENTERPRISES LIMITED Registered Number SC269730

Notes to the Abbreviated Accounts for the period ended 30 June 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 the value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sales of goods are recognised when the company has delivered product to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured.

2Intangible fixed assets

	£
Cost
At 1 July 2013	19,975
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	19,975
Amortisation
At 1 July 2013	-
Charge for the year	-
On disposals	-
At 30 June 2014	-
Net book values
At 30 June 2014	19,975
At 30 June 2013	19,975

3Tangible fixed assets

	£
Cost
At 1 July 2013	41,505
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 30 June 2014	41,505
Depreciation
At 1 July 2013	40,721
Charge for the year	391
On disposals	0
At 30 June 2014	41,112
Net book values
At 30 June 2014	393
At 30 June 2013	784

4Fixed assets Investments
The market value of the investments was £350 at 30 June 2014.