LCS & Co Limited - Limited company - abbreviated

REGISTERED NUMBER: 06666660 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended

31 January 2015

for

LCS & Co Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P G Lane

SECRETARY:

REGISTERED OFFICE:

1 Vernons Cottages

Vernons Road

Wakes Colne

COLCHESTER

Essex

CO6 2AH

REGISTERED NUMBER:

06666660 (England and Wales)

ACCOUNTANT:

Alison Hurrell Limited

44 Church Street

Bocking

BRAINTREE

Essex

CM7 5JY

BANKERS:

HSBC

Midland House

26 North Station Road

Colchester

Essex

C01 1SY

FIXED ASSETS

Tangible assets

2

6,922

884

CURRENT ASSETS

Debtors

17,880

21,336

Cash at bank and in hand

3,259

4,643

21,139

25,979

CREDITORS

Amounts falling due within one year

37,881

46,385

NET CURRENT LIABILITIES

(16,742

)

(20,406

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,820

)

(19,522

)

PROVISIONS FOR LIABILITIES

1,384

7

NET LIABILITIES

(11,204

)

(19,529

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(11,206

)

(19,531

)

SHAREHOLDERS' FUNDS

(11,204

)

(19,529

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 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 25 March 2015 and were signed by:

P G Lane - 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 goods, 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

-

15% 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.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

1,040

Additions

7,260

At 31 January 2015

8,300

DEPRECIATION

At 1 February 2014

156

Charge for year

1,222

At 31 January 2015

1,378

NET BOOK VALUE

At 31 January 2015

6,922

At 31 January 2014

884

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.15

31.1.14

value:

£

2

Ordinary

£1

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company is dependant on the continued support of the director.

LCS & Co Limited - Limited company - abbreviated - 11.6

LCS & Co Limited - Limited company - abbreviated - 11.6