Abbreviated Company Accounts - LIV SUPPLIES LIMITED

LIV SUPPLIES LIMITED - Company Information

06242113 LIV SUPPLIES LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 06242113 2013-01-01 2013-12-31 06242113 2013-12-31 06242113 2012-12-31 06242113 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 06242113 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:Director3 2013-01-01 2013-12-31 uk-gaap-cd-bus:Director3 2013-12-31 uk-gaap-cd-bus:Director3 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 06242113

LIV SUPPLIES LIMITED

Abbreviated Accounts

31 December 2013

LIV SUPPLIES LIMITED Registered Number 06242113

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	24,096	16,408
		24,096	16,408
Current assets
Stocks		210,599	144,871
Debtors		557,642	463,195
Cash at bank and in hand		86,694	97,744
		854,935	705,810
Creditors: amounts falling due within one year		(809,016)	(659,736)
Net current assets (liabilities)		45,919	46,074
Total assets less current liabilities		70,015	62,482
Creditors: amounts falling due after more than one year		(38,238)	(31,052)
Total net assets (liabilities)		31,777	31,430
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		31,677	31,330
Shareholders' funds		31,777	31,430

For the year ending 31 December 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 5 July 2014

And signed on their behalf by:
N Dransfield, Director
L Dransfield, Director

LIV SUPPLIES LIMITED Registered Number 06242113

Notes to the Abbreviated Accounts for the period ended 31 December 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 invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Motor vehicles 25% straight line, Plant and machinery 20% straight line, Office equipment 20% straight line.

2Tangible fixed assets

	£
Cost
At 1 January 2013	50,093
Additions	21,319
Disposals	(16,293)
Revaluations	-
Transfers	-
At 31 December 2013	55,119
Depreciation
At 1 January 2013	33,685
Charge for the year	12,770
On disposals	(15,432)
At 31 December 2013	31,023
Net book values
At 31 December 2013	24,096
At 31 December 2012	16,408

Net book value of motor vehicles included above held under hire purchase contracts was £850 at 31st December 2013 and £2675 at 31st December 2012

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	Neill Dransfield
Description of the transaction:	Loans made to the company
Balance at 1 January 2013:	£ 31,052
Advances or credits made:	£ 7,186
Advances or credits repaid:	-
Balance at 31 December 2013:	£ 38,238

Loans made to the comany in prior and current periods to fund the expansion of the company are included in creditors. The balance at 31st December 2013 will not be repaid within the next financial year and currently has no fixed date for repayment.