LID DEVELOPMENTS LIMITED - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06428400 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2014

for

LID DEVELOPMENTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

N Liddiard

SECRETARY:

N Liddiard

REGISTERED OFFICE:

17 The Ridings

Telscombe Cliffs

Peacehaven

East Sussex

BN10 7EF

REGISTERED NUMBER:

06428400 (England and Wales)

ACCOUNTANTS:

Tasker Osman & Co

10 South Way

Newhaven

East Sussex

BN9 9LL

FIXED ASSETS

Tangible assets

2

48,755

23,380

CURRENT ASSETS

Stocks

625,000

579,500

Debtors

21,946

57,318

Cash at bank

241

34,210

647,187

671,028

CREDITORS

Amounts falling due within one year

590,342

588,869

NET CURRENT ASSETS

56,845

82,159

TOTAL ASSETS LESS CURRENT LIABILITIES

105,600

105,539

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

105,500

105,439

SHAREHOLDERS' FUNDS

105,600

105,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 1 June 2015 and were signed by:

N Liddiard - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

52,776

Additions

41,627

At 30 November 2014

94,403

DEPRECIATION

At 1 December 2013

29,396

Charge for year

16,252

At 30 November 2014

45,648

NET BOOK VALUE

At 30 November 2014

48,755

At 30 November 2013

23,380

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

£

£

100

Ordinary

1

100

100