Abbreviated Company Accounts - LIFESTYLE CONVERSIONS & DEVELOPMENTS LIMITED

LIFESTYLE CONVERSIONS & DEVELOPMENTS LIMITED - Company Information

Registered Number 06099479

LIFESTYLE CONVERSIONS & DEVELOPMENTS LIMITED

Abbreviated Accounts

28 February 2015

LIFESTYLE CONVERSIONS & DEVELOPMENTS LIMITED Registered Number 06099479

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	662,024	525,679
		662,024	525,679
Current assets
Stocks		-	525,000
Debtors		12,191	11,066
Cash at bank and in hand		23,668	165
		35,859	536,231
Creditors: amounts falling due within one year		(692,422)	(1,087,052)
Net current assets (liabilities)		(656,563)	(550,821)
Total assets less current liabilities		5,461	(25,142)
Total net assets (liabilities)		5,461	(25,142)
Capital and reserves
Called up share capital		100	100
Revaluation reserve		125,000	-
Profit and loss account		(119,639)	(25,242)
Shareholders' funds		5,461	(25,142)

For the year ending 28 February 2015 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 4 June 2015

And signed on their behalf by:
Angela Wheeler, Director

LIFESTYLE CONVERSIONS & DEVELOPMENTS LIMITED Registered Number 06099479

Notes to the Abbreviated Accounts for the period ended 28 February 2015

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 the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows:
Land and buildings - Straight line over years.
Fixtures, fittings and equipment - 25% straight line
Motor vehicles - 25% straight line

2Tangible fixed assets

	£
Cost
At 1 March 2014	526,800
Additions	14,350
Disposals	-
Revaluations	125,000
Transfers	-
At 28 February 2015	666,150
Depreciation
At 1 March 2014	1,121
Charge for the year	3,005
On disposals	-
At 28 February 2015	4,126
Net book values
At 28 February 2015	662,024
At 28 February 2014	525,679