Abbreviated Company Accounts - LPV INTERNATIONAL LTD

Abbreviated Company Accounts - LPV INTERNATIONAL LTD

LPV INTERNATIONAL LTD - Company Information

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Registered Number 05805297

LPV INTERNATIONAL LTD

Abbreviated Accounts

30 August 2014

LPV INTERNATIONAL LTD Registered Number 05805297

Abbreviated Balance Sheet as at 30 August 2014

Notes 2014 2013
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets 2 284 505
Tangible assets 3 2,639 2,848
Investments - -
2,923 3,353
Current assets
Stocks 7,234 7,607
Debtors 894 1,693
Investments - -
Cash at bank and in hand 791 -
8,919 9,300
Prepayments and accrued income - -
Creditors: amounts falling due within one year (201,864) (225,444)
Net current assets (liabilities) (192,945) (216,144)
Total assets less current liabilities (190,022) (212,791)
Creditors: amounts falling due after more than one year 0 0
Provisions for liabilities 0 0
Accruals and deferred income 0 0
Total net assets (liabilities) (190,022) (212,791)
Capital and reserves
Called up share capital 1,000 1,000
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account (191,022) (213,791)
Shareholders' funds (190,022) (212,791)
  • For the year ending 30 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 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 28 May 2015

And signed on their behalf by:
Hans Verhoosel, Director
Amy Gallagher, Director

LPV INTERNATIONAL LTD Registered Number 05805297

Notes to the Abbreviated Accounts for the period ended 30 August 2014

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 net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Plant and machinery etc - 25% on reducing balance

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

2Intangible fixed assets
£
Cost
At 31 August 2013 907
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 30 August 2014 907
Amortisation
At 31 August 2013 402
Charge for the year 221
On disposals -
At 30 August 2014 623
Net book values
At 30 August 2014 284
At 30 August 2013 505
3Tangible fixed assets
£
Cost
At 31 August 2013 28,359
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 30 August 2014 28,359
Depreciation
At 31 August 2013 25,511
Charge for the year 209
On disposals -
At 30 August 2014 25,720
Net book values
At 30 August 2014 2,639
At 30 August 2013 2,848