Larvic Limited

true directors Mr R Deb and Mrs S Deb true 1 September 2013 31 August 2014 31 August 2014 true false 03821544 true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03821544 2013-08-31 03821544 2014-08-31 03821544 2013-09-01 2014-08-31 03821544 uk-gaap:RestatedAmount 2013-08-31 03821544 uk-gaap:RestatedAmount 2014-08-31 03821544 uk-gaap:NetGoodwill 2013-08-31 03821544 uk-gaap:NetGoodwill 2014-08-31 03821544 uk-gaap:NetGoodwill 2013-09-01 2014-08-31 03821544 uk-gaap:OtherIntangibleFixedAssets 2013-09-01 2014-08-31 03821544 uk-gaap:IntangibleAssetsOtherThanGoodwill 2013-08-31 03821544 uk-gaap:IntangibleAssetsOtherThanGoodwill 2014-08-31 03821544 uk-gaap:IntangibleAssetsOtherThanGoodwill 2013-09-01 2014-08-31 03821544 uk-gaap:DevelopmentCosts 2013-08-31 03821544 uk-gaap:DevelopmentCosts 2014-08-31 03821544 uk-gaap:DevelopmentCosts 2013-09-01 2014-08-31 03821544 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2013-08-31 03821544 uk-gaap:LandBuildings 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Registered number: 03821544

Larvic Limited

Abbreviated accounts

For The Year Ended 31 August 2014

Dhillon Accountants Limited

T/A A Dhillon & Co

61-63 Alexandra Road

Walsall

WS1 4DX

Larvic Limited

Company No. 03821544

Abbreviated Balance Sheet 31 August 2014

Abbreviated Balance Sheet

		2014		2013
	Notes	£	£	£	£
FIXED ASSETS
Intangible assets	2		171,572		214,465
Tangible assets	3		31,451		38,775

			203,023		253,240
CURRENT ASSETS
Stocks		76,435		80,413
Debtors		136,310		118,572
Cash at bank and in hand		101,752		206,961

		314,497		405,946
Creditors: Amounts Falling Due Within One Year		(244,642)		(228,336)

NET CURRENT ASSETS (LIABILITIES)			69,855		177,610

TOTAL ASSETS LESS CURRENT LIABILITIES			272,878		430,850

Creditors: Amounts Falling After More Than One Year	4		(209,149)		(238,762)

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,242)		(4,037)

NET ASSETS			60,487		188,051

CAPITAL AND RESERVES
Called up share capital	5		100		100
Other reserves			12,754		16,822
Profit and Loss account			47,633		171,129

SHAREHOLDERS' FUNDS			60,487		188,051

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Larvic Limited

Company No. 03821544

Abbreviated Balance Sheet (continued) 31 August 2014

For the year ending 31 August 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

On behalf of the board

Mr Robin Deb

08/05/2015

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Larvic Limited

Notes to the Abbreviated Accounts

For The Year Ended 31 August 2014

Notes to the Abbreviated Accounts

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over five years in accordance with new FRSSE 2015.

Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold
Leasehold
Fixtures & Fittings	15% reducing balance
Motor Vehicles	25% reducing balance

Stocks and Work in Progress

Stock is valued at the lower of cost and net realisable value.

Deferred Taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.Deferred tax assets and liabilites are not discounted.

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Larvic Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 August 2014

Intangible Assets


	Total
Cost	£
As at 1 September 2013	506,097

As at 31 August 2014	506,097

Amortisation
As at 1 September 2013	291,632
Provided during the period	42,893

As at 31 August 2014	334,525

Net Book Value
As at 31 August 2014	171,572

As at 1 September 2013	214,465

Tangible Assets


	Total
Cost	£
As at 1 September 2013	95,495

As at 31 August 2014	95,495

Depreciation
As at 1 September 2013	56,720
Provided during the period	7,324

As at 31 August 2014	64,044

Net Book Value
As at 31 August 2014	31,451

As at 1 September 2013	38,775

Page 4

Larvic Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 August 2014

Creditors: Amounts Falling After More Than One Year

	2014	2013
	£	£
Bank loans	209,149	238,762

Loans

Repayable in five years or more £95500

Bank loan is secured.

Share Capital

	Value	Number	2014	2013
Allotted, called up and fully paid:	£		£	£
Ordinary shares	1.000	100	100	100

Ultimate Controlling Party

The company's ultimate controlling party is directors Mr R Deb and Mrs S Deb by virtue of their ownership of 100% of the issued share capital in the company.

Page 5