Litewave Limited


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Registered number: 05535346
Litewave Limited
Abbreviated accounts
For The Year Ended 31 August 2014
Fewston Business Services Ltd

1 Foundry Yard
New Row
Boroughbridge
York
YO51 9AX
Abbreviated Balance Sheet
2014 2013
Notes £ £ £ £
CURRENT ASSETS
Stocks 18,230 18,230
Cash at bank and in hand 200 579
18,430 18,809
Creditors: Amounts Falling Due Within One Year (24,316) (24,326)
NET CURRENT ASSETS (LIABILITIES) (5,886) (5,517)
TOTAL ASSETS LESS CURRENT LIABILITIES (5,886) (5,517)
NET ASSETS (5,886) (5,517)
CAPITAL AND RESERVES
Called up share capital 2 2 2
Profit and Loss account (5,888) (5,519)
SHAREHOLDERS' FUNDS (5,886) (5,517)
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 D McCormick
15/05/2015
Page 1
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 April 2008).
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Share Capital
Value Number 2014 2013
Allotted, called up and fully paid: £ £ £
Ordinary shares 1.000 2 2 2
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