Lomas Davies Limited - Period Ending 2014-08-31

Registration number: 04056784

Lomas Davies Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2014
 

Lomas Davies Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Lomas Davies Limited
for the Year Ended 31 August 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lomas Davies Limited for the year ended 31 August 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Lomas Davies Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Lomas Davies Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lomas Davies Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Lomas Davies Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Lomas Davies Limited. You consider that Lomas Davies Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Lomas Davies Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Lewis & Co Chartered Accountants
19a Goodge Street
London
W1T 2PH

Date:.............................

Page 1

Lomas Davies Limited
(Registration number: 04056784)
Abbreviated Balance Sheet at 31 August 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					14,667			14,293
Current assets
Debtors					62,792			76,311
Cash at bank and in hand					23,271			24,197
					86,063			100,508
Creditors: Amounts falling due within one year					(42,563)			(53,418)
Net current assets					43,500			47,090
Total assets less current liabilities					58,167			61,383
Provisions for liabilities					(2,649)			(2,061)
Net assets					55,518			59,322
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					55,517			59,321
Shareholders' funds					55,518			59,322

For the year ending 31 August 2014 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 director acknowledges his 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 director on 22 May 2015

.........................................
H S Davies
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Lomas Davies Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Asset class	Depreciation method and rate
Fixture and fittings	25% on reducing balance
Computer equipment	25% on reducing balance
Motor vehicles	25% 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.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2013		140,151			140,151
Additions		5,355			5,355
Disposals		(1,044)			(1,044)
At 31 August 2014		144,462			144,462
Depreciation
At 1 September 2013		125,858			125,858
Charge for the year		4,651			4,651
Eliminated on disposals		(714)			(714)
At 31 August 2014		129,795			129,795
Net book value
At 31 August 2014		14,667			14,667
At 31 August 2013		14,293			14,293

Page 3

Lomas Davies Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary Share Capital of £1 each		1			1			1			1

Page 4