Abbreviated Company Accounts - LETTINGS 4 STUDENTS LTD

Abbreviated Company Accounts - LETTINGS 4 STUDENTS LTD


Registered Number 07299420

LETTINGS 4 STUDENTS LTD

Abbreviated Accounts

30 June 2014

LETTINGS 4 STUDENTS LTD Registered Number 07299420

Abbreviated Balance Sheet as at 30 June 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 10,531 9,931
10,531 9,931
Current assets
Debtors 127,829 28,025
Cash at bank and in hand 65,065 68,655
192,894 96,680
Creditors: amounts falling due within one year (202,963) (104,840)
Net current assets (liabilities) (10,069) (8,160)
Total assets less current liabilities 462 1,771
Total net assets (liabilities) 462 1,771
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 362 1,671
Shareholders' funds 462 1,771
  • 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 30 March 2015

And signed on their behalf by:
D Dattani, Director

LETTINGS 4 STUDENTS LTD Registered Number 07299420

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 total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 20% reducing balance

2Tangible fixed assets
£
Cost
At 1 July 2013 14,912
Additions 3,231
Disposals -
Revaluations -
Transfers -
At 30 June 2014 18,143
Depreciation
At 1 July 2013 4,981
Charge for the year 2,631
On disposals -
At 30 June 2014 7,612
Net book values
At 30 June 2014 10,531
At 30 June 2013 9,931
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100 Ordinary shares of £1 each 100 100

4Transactions with directors

Name of director receiving advance or credit: S Dattani
Description of the transaction: Advances to directors
Balance at 1 July 2013: £ 0
Advances or credits made: £ 28,274
Advances or credits repaid: £ 12,000
Balance at 30 June 2014: £ 16,274

Name of director receiving advance or credit: N Popat
Description of the transaction: Advances to directors
Balance at 1 July 2013: £ 0
Advances or credits made: £ 27,880
Advances or credits repaid: £ 12,000
Balance at 30 June 2014: £ 15,880