Lewis & Milner (Staines) Limited - Limited company - abbreviated - 11.6

Lewis & Milner (Staines) Limited - Limited company - abbreviated - 11.6

LEWIS & MILNER (STAINES) LIMITED - Company Information

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REGISTERED NUMBER: 01098526















Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

LEWIS & MILNER (STAINES) LIMITED

LEWIS & MILNER (STAINES) LIMITED (REGISTERED NUMBER: 01098526)

Contents of the Abbreviated Accounts
FOR THE YEAR ENDED 31 MARCH 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

LEWIS & MILNER (STAINES) LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2015







DIRECTORS: P. Milner
R. D. Milner
L. Milner





SECRETARY: P. Milner





REGISTERED OFFICE: 131 High Street
Staines
Middlesex
TW18 4PD





REGISTERED NUMBER: 01098526





ACCOUNTANTS: kings mill practice ltd
Accountants
Burma House
Station Path
Staines
Middlesex
TW18 4LA
Page 1
LEWIS & MILNER (STAINES) LIMITED (REGISTERED NUMBER: 01098526)

Abbreviated Balance Sheet
31 MARCH 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 14,177 17,012

CURRENT ASSETS
Stocks 75,352 82,295
Debtors 343 14,439
Cash at bank and in hand 468,493 505,080
544,188 601,814
CREDITORS
Amounts falling due within one year 246,024 303,391
NET CURRENT ASSETS 298,164 298,423
TOTAL ASSETS LESS CURRENT
LIABILITIES
312,341
315,435

CAPITAL AND RESERVES
Called up share capital 3 10,010 10,010
Profit and loss account 302,331 305,425
SHAREHOLDERS' FUNDS 312,341 315,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 8 June 2015 and were signed on its behalf by:





P. Milner - Director


The notes form part of these abbreviated accounts

Page 2
LEWIS & MILNER (STAINES) LIMITED (REGISTERED NUMBER: 01098526)

Notes to the Abbreviated Accounts
FOR THE YEAR ENDED 31 MARCH 2015


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 goods, 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.

Improvements to property - 25% on reducing balance
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Deferred tax
Deferred tax is provided using the liability method in respect of all material timing differences that have
originated but not reversed by the balance sheet date. Deferred tax assets are recognised where it is considered
more likely than not that future profits will be available for offset. The company has not adopted a policy of
discounting deferred tax assets and liabilities.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 100,298
Additions 1,176
At 31 March 2015 101,474
DEPRECIATION
At 1 April 2014 83,286
Charge for year 4,011
At 31 March 2015 87,297
NET BOOK VALUE
At 31 March 2015 14,177
At 31 March 2014 17,012

Page 3 continued...
LEWIS & MILNER (STAINES) LIMITED (REGISTERED NUMBER: 01098526)

Notes to the Abbreviated Accounts - continued
FOR THE YEAR ENDED 31 MARCH 2015


3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
10,000 Ordinary 1 10,000 10,000
10 Ordinary B 1 10 10
10,010 10,010

Page 4