Abbreviated Company Accounts - JAMES LIPMAN LTD

Registered Number 06009076

JAMES LIPMAN LTD

Abbreviated Accounts

30 November 2013

JAMES LIPMAN LTD Registered Number 06009076

Abbreviated Balance Sheet as at 30 November 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	20,375	18,421
		20,375	18,421
Current assets
Debtors		19,215	7,475
Cash at bank and in hand		115,680	73,295
		134,895	80,770
Creditors: amounts falling due within one year		(33,519)	(28,468)
Net current assets (liabilities)		101,376	52,302
Total assets less current liabilities		121,751	70,723
Total net assets (liabilities)		121,751	70,723
Capital and reserves
Called up share capital		1	1
Profit and loss account		121,750	70,722
Shareholders' funds		121,751	70,723

For the year ending 30 November 2013 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 19 August 2014

And signed on their behalf by:
J Lipman, Director

JAMES LIPMAN LTD Registered Number 06009076

Notes to the Abbreviated Accounts for the period ended 30 November 2013

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, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation is provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery 25% Reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 December 2012	43,543
Additions	8,746
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2013	52,289
Depreciation
At 1 December 2012	25,122
Charge for the year	6,792
On disposals	-
At 30 November 2013	31,914
Net book values
At 30 November 2013	20,375
At 30 November 2012	18,421